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| HSI1 | 24,040.34 | +68.05 | 98.10B |
| HSCEI1 | 8,051.67 | +21.13 | 24.86B |
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CCL/PCB Sector Surges on Price Hike Momentum; KINGBOARD HLDG (00148.HK) and KB LAMINATES (01888.HK) Each Jump Over 7%; Recent IPO KINWONG (03228.HK) Rebounds Over 9%
2026-10-05 10:58:38 US non-farm payrolls data released last Fri (2nd) came in far below market expectations, further reducing the likelihood of a Federal Reserve rate hike this month. Mainland China's National Day Golden Week holiday has suspended trading, with the market set to reopen this Thu (8th). In the absence of southbound funds, Hong Kong stocks opened slightly lower by 8 pts this morning (5th). The HSI once fell 136 pts in early trading to a trough of 23,835 before stabilizing. It later briefly turned positive by 33 pts to a peak of 24,005. The latest reading was 23,935, down 36 pts or about 0.15%, with turnover of HKD37.6 billion. CCL (copper clad laminate) and PCB (printed circuit board) stocks were sought after, with Kingboard-related stocks advancing. KINGBOARD HLDG (00148.HK) opened 0.62% higher this morning, with gains expanding in early trading. The stock once hit HKD61.6, a more than two-and-a-half-month high. It was last reported at HKD61, up 7.39%, with turnover of HKD408 million. KB LAMINATES (01888.HK) broke above its 100-day moving average (about HKD52.42), reaching as high as HKD53.95, also a more than two-and-a-half-month high. It was last reported at HKD53.15, up 7.59%, with turnover of HKD1.274 billion. NVDA supplier and leading PCB maker VGT (02476.HK) last traded at HKD204.6, up 4.87%, with turnover of HKD78.9915 million. Recent IPO and the world's largest automotive PCB manufacturer KINWONG (03228.HK) reversed declines from the previous two trading days last week, last trading at HKD81.5, rebounding 9.54%, with turnover of 374,500 shares involving HKD28.9886 million. In addition, HANS CNC (03200.HK) last traded at HKD98.1, up 4.36%, with turnover of HKD5.6153 million. DELTON (01989.HK) last traded at HKD125.3, up 6.1%, with turnover of HKD16.3866 million. CFMEE (09630.HK) last traded at HKD327.4, up 2.31%, with turnover of HKD1.6214 million. On the news front, the PCB industry chain has been seeing simultaneous increases in volume and prices. In upstream segments, board manufacturers have already issued seven rounds of price hike notices this year. Taiwan-based leading CCL maker Nan Ya Plastics (1303.TW) raised product prices by another 20% starting from September. At the same time, price hikes are being passed through comprehensively to downstream segments. Jiangxi Hongruixing Technology previously announced a 10% increase in ex-factory prices for copper clad laminates, while fiberglass leader CJS (600176.SH) raised prices for thick and thin electronic fabrics by 15% and 20% respectively in September. Sinolink Securities previously noted in a research report that strong AI demand is driving simultaneous increases in PCB prices and shipment volumes. Many AI-PCB companies currently have robust orders and are operating at full production and sales capacity while aggressively expanding production. High earnings growth is expected to continue. Demand for AI copper clad laminates is also strong. As overseas CCL manufacturers are expanding capacity slowly, supply shortages and price hikes continue, allowing leading mainland China CCL manufacturers to benefit actively. (da/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |