--- title: "Hong Kong stock movement: MAN YUE TECH fell 15.70% with no major negative news, high volatility due to capital speculation" type: "News" locale: "en" url: "https://longbridge.com/en/news/290505751.md" description: "MAN YUE TECH fell 15.70%; Kingboard Laminates fell 7.29%, with a transaction amount of HKD 3.172 billion; Kingboard Group fell 7.58%, with a transaction amount of HKD 3.169 billion; Shenghong Technology fell 8.63%, with a transaction amount of HKD 824 million; Lens Technology fell 1.09%, with a market value of HKD 143.7 billion" datetime: "2026-06-23T03:22:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290505751.md) - [en](https://longbridge.com/en/news/290505751.md) - [zh-HK](https://longbridge.com/zh-HK/news/290505751.md) --- # Hong Kong stock movement: MAN YUE TECH fell 15.70% with no major negative news, high volatility due to capital speculation **Hong Kong Stock Movement** MAN YUE TECH fell 15.70%. There has been 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. no\_news **Stocks with High Trading Volume in the Industry** Kingboard Laminates fell 7.29%. Based on recent key news: 1. On June 22, Citigroup raised the target price for Kingboard Laminates to HKD 120, maintaining a buy rating. Nevertheless, the stock price failed to maintain its upward momentum and ultimately fell. Source: Economic Information Daily 2. On June 22, Kingboard Group placed shares of Kingboard Laminates, resulting in a decrease in its shareholding ratio to 62%. This move raised market concerns, putting pressure on the stock price. Source: Economic Information Daily 3. On June 23, the prices of raw materials in the PCB industry chain rose, leading Kingboard Laminates to increase prices by 10%. Despite a positive industry outlook, stock price volatility has intensified in the short term. Source: Caixin Network PCB industry enters a price increase cycle, with full orders. Kingboard Group fell 7.58%. Based on recent key news: 1. On June 22, Kingboard Group opened high and surged to a new high but then retreated. Citigroup raised its target price to HKD 202 and reiterated a "buy" rating, stimulating the stock price to surge over 11% in a single day, but it later fell back to HKD 137, with a trading volume of HKD 4.648 billion. 2. On June 22, directors and employees of Kingboard Group exercised their preemptive rights, issuing a total of 13.47 million shares, causing stock price fluctuations. 3. On June 23, companies in the PCB industry chain took turns raising prices, with leading companies like Kingboard Laminates continuously increasing prices, reflecting a shift in the industry chain from a "cost-driven" model to a "technology premium" model, triggering a sector revaluation. The PCB industry enters a price increase cycle, with full orders and extended delivery times. Shenghong Technology fell 8.63%, with a trading volume of HKD 824 million, and there has been 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 Market Capitalization in the Industry** Lens Technology fell 1.09%. Based on recent news: 1. On June 22, Lens Technology announced that its glass substrate factory and supporting production lines will be put into operation by the end of the year, driving stock price fluctuations. The company plans to build a dedicated factory of 30,000 square meters, expected to be operational by the end of the year, preparing for large-scale mass production. This move is seen as a critical window for the industrialization of glass substrates, attracting market attention. 2. On June 22, a research report from Founder Securities pointed out that the global specialty electronic glass market is monopolized by three leading companies, including Corning. Lens Technology has accumulated experience in borosilicate glass, but there is still a gap in semiconductor-grade wafers, and domestic production is still in the verification and introduction phase. This analysis may affect investor confidence in Lens Technology. 3. On June 22, Jiangnan, President of Lens Technology's China region, stated that TGV glass substrate products are undergoing multiple rounds of testing and sample verification, with optimal parameters finalized. This news indicates that the company has made technological progress, which may have a positive impact on the stock price The industry is accelerating its catch-up, and the market structure is being restructured ### Related Stocks - [00894.HK](https://longbridge.com/en/quote/00894.HK.md) - [01888.HK](https://longbridge.com/en/quote/01888.HK.md) - [00148.HK](https://longbridge.com/en/quote/00148.HK.md) - [02476.HK](https://longbridge.com/en/quote/02476.HK.md) - [06613.HK](https://longbridge.com/en/quote/06613.HK.md) ## Related News & Research - [OneRobotics Plans Up to HK$500 Million in H Share Purchases for Incentive Scheme](https://longbridge.com/en/news/290346797.md) - [Nameson FY26 net profit drops 16.9% to HK$ 295.5 million; revenue rises 6.2% to HK$ 4.62 billion](https://longbridge.com/en/news/290420612.md) - [Tianjin Port Development unit Tianjin Port Co signs share-issuance deal to buy Tianjin Port Group terminal assets at RMB 4.36/share](https://longbridge.com/en/news/290427431.md) - [Sonix Technology: Q1 2026 net income more than doubled YoY, driven by multimedia and MCU growth](https://longbridge.com/en/news/290423171.md) - [Lingbao Gold files HKEX next-day disclosure on share repurchase for cancellation](https://longbridge.com/en/news/290418023.md)