HK Stock Market Move | PCB concept stocks are performing actively. PCB manufacturers have successively initiated re-quotations. Institutions indicate that expectations for industry earnings realization are strengthening.

PCB concept stocks are performing actively. As of press time, KB LAMINATES (01888) rose 4.12% to HK$48.06; Victory Giant Technology (02476) rose 3.32% to HK$224; Shenzhen Han's CNC Technology (03200) rose 2.38% to HK$111.9; KINGBOARD HLDG (00148) rose 1.80% to HK$56.55. On the news front, on September 22, Jiangxi Hongruixing Technology Co., Ltd. issued a price adjustment notice, raising the ex-factory price of copper-clad laminate products by 10%. This is another round of material price increases following China Jushi Co., Ltd.'s 15% and 20% price hikes for thick electronic cloth and thin cloth respectively in September. It is reported that since last December, mainstream manufacturers such as Kingboard and Nan Ya have continuously issued price adjustment letters, with copper-clad laminate prices rising 10% to 20% in a single week. Among them, KB LAMINATES, the leading copper-clad laminate player, has raised prices 7 times during the year, with cumulative increases exceeding 100% for some products. Sealand pointed out that as prices of electronic cloth, copper foil, and CCL continue to rise, PCB manufacturers have successively initiated re-quotations. Compared with upstream materials, price increases by board manufacturers have a certain time lag, and 2026Q3 is expected to become the starting point for joint improvement in product prices, capacity utilization, and order structure. In July, the largest cumulative decline in PCB sector stocks exceeded 35%. Even after a round of rebound, the current position remains attractive.