--- title: "Hong Kong Stock Movement: VGT rises 12.59% as JP Morgan upgrades rating and a 700 million shareholding plan boosts confidence" type: "News" locale: "en" url: "https://longbridge.com/en/news/289147482.md" description: "VGT rose 12.59%; Kingboard Chemical Holdings surged 24.39%, with a transaction volume reaching HKD 4.38 billion; Kingboard Laminates rose 13.58%, with a transaction volume reaching HKD 4.313 billion; Sunny Optical Technology rose 0.45%, with a transaction volume reaching HKD 874 million; Lens Technology rose 0.80%, with a market value of HKD 133.4 billion" datetime: "2026-06-09T06:46:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289147482.md) - [en](https://longbridge.com/en/news/289147482.md) - [zh-HK](https://longbridge.com/zh-HK/news/289147482.md) --- # Hong Kong Stock Movement: VGT rises 12.59% as JP Morgan upgrades rating and a 700 million shareholding plan boosts confidence **Hong Kong Stock Movement** Victory Technology rose 12.59%. Based on recent key news: 1. On June 9, JP Morgan initiated coverage of Victory Technology with an "Overweight" rating and a target price of HKD 600. JP Morgan pointed out that due to strong AI demand and significant growth in product intrinsic value, Victory Technology has established a leading position in the global high-end PCB market, with strong profit growth expected in the coming years. This news drove the stock price up. Source: Economic Information Daily 2. On June 9, the company proposed an employee stock ownership plan of no more than HKD 700 million, with shares sourced from the purchase of the company's A-share common stock in the secondary market. This plan is still in the planning stage and requires approval from the board of directors and shareholders, which carries uncertainty. This news boosted market confidence and pushed the stock price up. Source: Economic Information Daily 3. On June 8, Victory Technology's chairman Chen Tao was involved in a "elevator intimate video" scandal. The company responded that the related incident was unrelated to production and operational activities, and that current production and operational activities are normal with abundant orders. Nevertheless, the stock price was still affected. Source: Daily Economic News Global PCB demand expansion, strong AI demand. **Stocks with High Trading Volume in the Industry** Kingboard Chemical Holdings surged 24.39%. Based on recent key news: 1. On June 9, conflicts in the Middle East disrupted the supply of key raw materials, driving up the prices of printed circuit boards (PCBs) used in electronic devices, leading to a surge in Kingboard Chemical Holdings' stock price. According to reports from Caixin, Iran attacked the Jubail petrochemical complex in Saudi Arabia, causing a halt in the production of high-purity polyphenylene ether (PPE) resin, which pushed up PCB prices. Goldman Sachs analysts noted that PCB prices soared 40% in April compared to March. 2. On June 9, Citigroup estimated that Kingboard Chemical Holdings would announce a profit warning in mid-July and expected to raise copper-clad laminate prices again by the end of June. Analysts believe that the continued growth in demand for AI servers is driving up the prices of upstream raw materials for copper-clad laminates, leading to an upward revision of Kingboard Chemical Holdings' profit expectations, with the stock price likely remaining strong in the short term. 3. On June 9, Kingboard Chemical Holdings became one of the most searched Hong Kong stocks by Bloomberg users, indicating a high level of market attention. Analysts pointed out that the PCB sector continues to attract capital inflows, the company's technological penetration is increasing, and it has significant pricing power, resulting in strong stock performance. Rising raw material prices for electronic devices have garnered high market attention. Kingboard Laminates rose 13.58%. Based on recent key news: 1. On June 9, Citigroup released a research report stating that Kingboard Laminates is expected to announce strong profit warnings in mid-July, with expected net profit for the first half of the year soaring 273% year-on-year to HKD 3.48 billion, and revenue expected to grow 74% year-on-year to HKD 16.6 billion. This news drove the stock price up. Source: Citigroup 2. On June 9, industry insiders indicated that the Middle East conflict disrupted the supply of key raw materials, driving up printed circuit board prices, and Kingboard Laminates, as a global leader in rigid copper-clad boards, benefits from the price increase cycle. Source: Caixin On June 9, the assistant manager of the research department at Cinda International pointed out that the demand for artificial intelligence servers continues to grow, driving up the prices of upstream raw materials for copper-clad laminates. The profit expectations for Kingboard Laminates have been raised, and the stock price is expected to remain strong in the short term. Source: Now News Channel PCB industry demand is strong, prices are rising. Sunny Optical Technology rose by 0.45%. Based on recent key news: 1. On June 8, Sunny Optical Technology plans to issue approximately RMB 3 billion in dim sum bonds. This is the company's first issuance of offshore RMB bonds, with plans to promote it as early as this month. This move may be to replace the USD 400 million bonds maturing on July 17, and the market reacted positively, driving the stock price up. Source: Bloomberg 2. On June 8, the short selling amount for Sunny Optical Technology reached HKD 184.84 million, accounting for 16.892%. Nevertheless, the market's positive expectations regarding the company's bond issuance plan may have offset some of the short selling pressure, leading to a slight increase in the stock price. Source: Bloomberg 3. On June 8, Sunny Optical Technology recorded a large transaction of HKD 161 million in pre-market trading, indicating strong market interest in the stock. Large transactions are often seen as a sign of institutional investor participation, which may further support the stock price. Source: Economic Information Daily The market reacted positively to Sunny's bond issuance plan. **Stocks ranked among the top in industry market capitalization** Lens Technology rose by 0.80%. No significant news recently; trading is active, and capital flows are evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. no\_news ### Related Stocks - [02476.HK](https://longbridge.com/en/quote/02476.HK.md) - [00148.HK](https://longbridge.com/en/quote/00148.HK.md) - [01888.HK](https://longbridge.com/en/quote/01888.HK.md) - [02382.HK](https://longbridge.com/en/quote/02382.HK.md) - [06613.HK](https://longbridge.com/en/quote/06613.HK.md) ## Related News & Research - [Micron And The Memory Trade Look Bulletproof: This Analyst Says A 5% Yield Cracks Them](https://longbridge.com/en/news/289098178.md) - [HSBC remains bullish on global stocks despite 'wall of worry'](https://longbridge.com/en/news/289092915.md) - [Which company could become the Chinese Pfizer? 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