--- title: "Hong Kong Stock Movement: MAN YUE TECH falls nearly 20%, clear capital flow, increased volatility attracts attention" type: "News" locale: "en" url: "https://longbridge.com/en/news/289550035.md" description: "MAN YUE TECH fell 19.69%; Kingboard Laminates fell 2.46%, with a transaction amount of HKD 3.516 billion; Kingboard Group fell 2.77%, with a transaction amount of HKD 2.537 billion; Shenghong Technology rose 1.69%, with a transaction amount of HKD 1.076 billion; Lens Technology fell 0.33%, with a market value of HKD 128.1 billion" datetime: "2026-06-12T05:26:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289550035.md) - [en](https://longbridge.com/en/news/289550035.md) - [zh-HK](https://longbridge.com/zh-HK/news/289550035.md) --- # Hong Kong Stock Movement: MAN YUE TECH falls nearly 20%, clear capital flow, increased volatility attracts attention **Hong Kong Stock Movement** MAN YUE TECH, down 19.69%, with no significant news recently. Trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** Kingboard Laminates fell 2.46%. Based on recent key news: 1. On June 11, Kingboard Laminates' stock price rose against the trend by 6.48%, due to supply shortages of PPE resin caused by geopolitical conflicts in the Middle East, pushing up PCB prices. Citigroup expects the company to release strong earnings guidance in mid-July, with a projected 273% surge in net profit for the first half of the year. Source: CCTV Finance, Citigroup 2. On June 9, Kingboard Laminates issued 15.825 million shares at an exercise price of HKD 7.8 due to the exercise of options by directors and employees, accounting for 0.5% of the original share capital. This move may exert short-term pressure on the stock price. Source: Financial Associated Press 3. On June 9, Citigroup raised the target price for Kingboard Laminates to HKD 80, maintaining a "Buy" rating, as it expects the price of copper-clad laminates to be adjusted upward by the end of June, with profit forecasts raised by 6% to 18%. Source: Citigroup PCB industry demand is strong, driven by AI growth. Kingboard Group fell 2.77%. Based on recent key news: 1. On June 9, Kingboard Group's stock price surged by 21.53%, driven by strong demand for AI servers, boosting the PCB sector. Nvidia's AI server bill of materials was significantly reassessed by investment banks such as Morgan Stanley and Goldman Sachs, driving up the stock prices of related companies. Source: Daily Economic News 2. On June 11, the overall Hong Kong stock market fell, influenced by U.S. President Trump's threats to attack Iran, leading to a sharp decline in U.S. stocks, which in turn pressured the Hong Kong stock market, affecting Kingboard Group's stock price. Source: Economic Information Daily 3. On June 9, Kingboard Group was listed as one of the highest speculative value securities for ultra-short-term trading, with the market holding an optimistic view on its short-term performance, attracting capital inflow. Source: Economic Information Daily The PCB sector is performing strongly due to AI demand. Shenghong Technology rose 1.69%. Based on recent key news: 1. On June 9, JP Morgan gave Shenghong Technology its first "Overweight" rating, with a target price of HKD 600. Benefiting from the growth in AI demand, the stock price rose. Source: Zhitong Finance 2. On June 8, Shenghong Technology's chairman Chen Tao was involved in a scandal, leading to a significant drop in stock price. The company launched an employee stock ownership plan to stabilize the stock price. Source: Sing Tao 3. On June 9, Shenghong Technology announced a new employee stock ownership plan, investing no more than HKD 700 million, leading to a rebound in stock price. Source: Economic Information Daily AI demand drives growth in the PCB industry. **Stocks with High Market Capitalization in the Industry** Lens Technology fell 0.33%. Based on recent key news: 1. On June 12, SpaceX completed a USD 75 billion IPO, driving up the stock prices of related supply chain companies. As one of the supply chain companies, Lens Technology benefited from the market's enthusiasm for SpaceX concept stocks, although its stock price has slightly corrected recently, it has seen significant gains year-to-date 2. On June 9th, investors' interest in SpaceX's supply chain increased, driving up the stock prices of related companies. Lens Technology became one of the focal points for investors due to its position in the electronic product protective panel sector. 3. On June 9th, market enthusiasm for the SpaceX IPO surged, with funds flowing into related ETFs and supply chain companies. As an important link in the supply chain, Lens Technology attracted market funds. 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