HK Stock Market Move | PCB concept stocks lead gains; net profit growth in the PCB industry chain rises markedly in Q3; institutions remain bullish on the continuation of strong momentum.

PCB concept stocks led the gains. As of press time, KB LAMINATES (01888) rose 7.36% to HK$39.96; Guangdong Dtech Technology (01377) rose 7.25% to HK$173; DELTON (01989) rose 6.90% to HK$74.4; KINGBOARD HLDG (00148) rose 6.73% to HK$48.84; Victory Giant Technology (02476) rose 5.85% to HK$152. On the news front, on October 27, 10 listed companies in the PCB industry chain collectively released their third-quarter reports, with Nanya New Material Technology and Goldenmax International posting third-quarter net profit growth of more than 10 times. Specifically, Nanya New Material Technology's third-quarter net profit rose 1,296% year on year and 218% quarter on quarter; Goldenmax International's third-quarter net profit rose 1,031% year on year and 105% quarter on quarter. In addition, Wus Printed Circuit and Guangdong Goworld saw their net profits for the first three quarters rise 106.87% and 97.52% year on year, respectively, with both companies' third-quarter net profit year-on-year growth rates markedly higher than their overall first-three-quarter levels. EB SECURITIES said in a research report that the PCB industry is in a phase of "triple resonance" comprising "expanding AI computing power demand + iterative technological upgrading + realization of price-hike pass-through," with high-end capacity remaining persistently tight and squeezing out mid- and low-end capacity. We expect price increases and cost pass-through in the industry chain to continue until the second half of next year.