HK Stock Market Move | Some PCB concept stocks are on the rise, with DELTON (01989) surging over 16%; PCB manufacturers have successively begun re-quoting.

Some PCB concept stocks are on the rise. As of press time, DELTON (01989) surged 16.36% to HK$125.2; Victory Giant Technology (02476) rose 4.41% to HK$208.2; Guangdong Dtech Technology (01377) gained 2.54% to HK$298.4. On the news front, recently, a number of institutional research reports pointed out that with upstream raw material prices continuing to climb, PCB (printed circuit board) manufacturers have successively begun re-quoting. This phenomenon marks the unclogging of the price transmission mechanism across the industry chain, and the third quarter of 2026 is expected to become the starting point for profit improvement in the sector. It is worth noting that the copper-clad laminate industry is currently showing a pattern of rising volumes and prices. Since December last year, major manufacturers such as Kingboard and Nan Ya have continuously issued price adjustment notices, with copper-clad laminate prices rising 10% to 20% in a single week. Among them, KB LAMINATES, a leading copper-clad laminate player, has raised prices 7 times during the year, with cumulative increases for some products exceeding 100%. CMSC research reports point out that small and medium-sized manufacturers began raising prices month by month starting in May, and have now completed 4-5 rounds of price hikes. Their pricing model has upgraded from "following materials in real time" to "locking in expected price increases for the next 2-3 months in advance," pricing according to the prevailing spot CCL price in the market at the time of shipment. In Q3, the net profit margin of most small and medium-sized PCB manufacturers has recovered to a historical high of 10%+. Combined with order scheduling conditions, net profit margins are expected to have further room to rise in Q4.