HK Stock Market Move | TIANGONG INT'L (00826) surged over 9% in midday trading. The company is positioned in the scarce core material track, and its titanium alloy business may have significant resilience.

TIANGONG INT'L (00826) surged more than 9% during the trading day, and as of the time of writing, was up 7.62% to HKD 3.53, with a trading volume of HKD 86.5154 million. On the news front, Guotai Haitong pointed out that the company's main business of mold steel has seen stable profit recovery, coupled with the forward-looking layout of titanium alloy deeply tied to the high-end industrial chain and new materials for nuclear fusion, which is expected to bring long-term growth prospects. The company's steel business continues to recover, with profitability on the rise; through the deep layout of the entire industry chain in the field of titanium alloy for consumer electronics, it has become a core raw material supplier for downstream 3C enterprises; the entry of powder metallurgy high-boron steel materials into the field of nuclear fusion brings long-term growth opportunities. Industrial previously stated that the company is positioned in the scarce core materials track, and in the medium to long term, the company has broad growth prospects in the field of titanium alloy for consumer electronics, high-performance nuclear fusion materials, and integrated powder steel die casting molds. The company is an important supplier of titanium alloy for Apple, and the titanium alloy business is expected to reach a turning point in growth by 2026. Looking ahead, Apple's titanium alloy strategy may not change, and if future flagship models return to titanium alloy for the frame and edges, the company's titanium alloy business may have greater elasticity.