HK Stock Market Move | Tian Shang Machine Tool China (01651) rose over 6% in early trading, with new orders in the electronic and AI liquid cooling sectors accounting for about 40%.

Jiangshan Machine Tools China (01651) rose over 6% in early trading, currently up 6.17% at HKD 58.5, with a trading volume of HKD 16.103 million. In terms of news, Jiangshan Machine Tools China previously announced its major shareholder, Japan's Jiangshan, disclosed its financial results for the three months ending June 30, 2026. The company reported total revenue of JPY 38.013 billion, a year-on-year increase of 41.4%; segment profit was JPY 11.553 billion, up 50.1% year-on-year. Citi released a research report initiating coverage on Jiangshan Machine Tools China with a "Buy" rating and a target price of HKD 72, expecting it to benefit from strong capital expenditures in the electronic and AI liquid cooling industries. These two sectors account for approximately 40% of new orders, surpassing the automotive industry's share of less than 30%. The bank anticipates that the humanoid Siasun Robot & Automation may become the next significant DRIVER, with its current order contribution being only about 2%. Moreover, the stock is expected to be included in the Stock Connect, which could also serve as a short-term positive catalyst.