HK Stock Market Move | PCB concept stocks lead gains; institutions say Q3 reports may mark an inflection point for earnings release across the PCB industry chain.

PCB concept stocks led the gains. As of press time, Shenzhen Kinwong Electronic (03228) rose 8.41% to HK$68.3; KB LAMINATES (01888) rose 5.37% to HK$41.96; KINGBOARD HLDG (00148) rose 4.37% to HK$50.85; DELTON (01989) rose 3.96% to HK$86.6. On the news front, on October 20, Yang Guoming, Party Secretary and General Manager of China Jushi Co., Ltd, said that the electronic cloth market performance this year exceeded expectations. The company expects that this round of the electronic cloth boom cycle is likely to exceed previous cycles in both magnitude and duration. Sinolink believes that factors including tight supply of looms, downstream demand exceeding expectations, and continuously rising copper-clad laminate prices jointly drove the sustained increase in electronic cloth prices. Sealand released a research report stating that, as of October 16, more than 20 companies in the PCB industry chain had disclosed their Q3 earnings forecasts. Leading player Wus Printed Circuit reported Q3 single-quarter net profit attributable to shareholders of RMB 2.527 billion to RMB 2.777 billion, up 50.33% to 65.20% quarter-on-quarter; upstream copper foil maker Guangdong Jiayuan Technology grew 1197% to 1319% year-on-year in the first three quarters; the logic of price increases being passed through from raw materials to finished PCB products has been verified by income statements, and the Q3 reports may mark an inflection point for earnings release across the industry chain.