HK Stock Market Move | Chaozhou Three-Circle (Group) (06951) rose over 5%. MLCC merchants at Shenzhen Huaqiangbei reported a surge in orders, and the supply-demand gap is likely to continue widening in the fourth quarter.

Chaozhou Three-Circle (Group) (06951) rose over 5%, up 5.1% as of press time, at HK$146.3, with a turnover of HK$68.2072 million. On the news front, MLCC, dubbed the "rice of the electronics industry" by the sector, has recently ushered in a wave of price hikes. According to Securities Times, several merchants at the first floor of Huaqiang Electronics World mainly selling MLCC products said, "Orders have increased a lot, we're flooded with orders," and "Prices for AI-related and some high-end MLCC (multilayer ceramic capacitors) have indeed fluctuated quite a bit, with severe shortages." Some veteran industry insiders believe that, for now, positive signals have indeed emerged on the supply side of consumer-grade MLCC, such as prioritizing production capacity for high-margin high-end MLCC used in AI servers; whether consumer-grade product prices will continue to rise going forward remains to be seen. TrendForce's latest MLCC industry research shows that, thanks to robust AI demand, shipments by the three major Japanese and South Korean manufacturersMurata, Samsung Electro-Mechanics, and Taiyo Yudenhit a near-five-year monthly high in June 2026, with their consumer-grade orders continuing to spill over, benefiting other manufacturers, while channel quotes have also risen. TrendForce recently said it expects the fourth quarter to continue the trend of a widening MLCC supply-demand gap and rising prices. According to Chaozhou Three-Circle (Group)'s 2026 interim report, in the first half, thanks to improved customer recognition and industry prosperity, MLCC prices for some specifications recovered to their original reasonable value, with both sales volume and sales revenue achieving relatively large year-on-year growth.