--- title: "Hong Kong Stock Movement: MAN YUE TECH falls 10.13% with significant capital outflow, what are the hidden concerns behind the high volatility?" type: "News" locale: "en" url: "https://longbridge.com/en/news/290640317.md" description: "MAN YUE TECH fell 10.13%; Kwan Tong Group fell 0.70%, with a transaction volume of HKD 5.416 billion; Kwan Tong Laminates rose 7.91%, with a transaction volume of HKD 5.108 billion; Shenghong Technology fell 0.11%, with a transaction volume of HKD 703 million; Lens Technology fell 2.93%, with a market value of HKD 139.5 billion" datetime: "2026-06-24T03:52:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290640317.md) - [en](https://longbridge.com/en/news/290640317.md) - [zh-HK](https://longbridge.com/zh-HK/news/290640317.md) --- # Hong Kong Stock Movement: MAN YUE TECH falls 10.13% with significant capital outflow, what are the hidden concerns behind the high volatility? **Hong Kong Stock Movement** MAN YUE TECH, down 10.13%, 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 Ranked High in Industry Transaction Volume** Kintor Pharmaceutical down 0.70%. Based on recent key news: 1. On June 23, the Hong Kong stock market fell following external declines, with the Hang Seng Index dropping over 400 points, dragging down Kintor Pharmaceutical's stock price. The Hang Seng Index fell to a one-year low, with a transaction volume of HKD 5.416 billion. Source: Now News Channel 2. On June 22, Citigroup published a research report, raising Kintor Pharmaceutical's earnings forecast for 2026 to 2028 and significantly increasing the target price to HKD 202, stimulating the stock price to surge over 11% in a single day. Source: Zhitong Finance 3. On June 22, Kintor Pharmaceutical announced that directors and employees exercised their preemptive rights, resulting in the issuance of 10.15 million shares and 3.32 million shares, causing stock price fluctuations. Source: Zhitong Finance AI-related technology stocks retraced, dragging the stock market down significantly. Kintor Laminated Board up 7.91%. Based on recent key news: 1. On June 22, Citigroup raised the earnings forecast for Kintor Pharmaceutical and its subsidiary Kintor Laminated Board, mainly due to the average selling price of copper-clad laminates and electronic glass fiber cloth being higher than expected. Citigroup expects Kintor Pharmaceutical to evolve into an almost pure printed circuit board and copper-clad laminate concept stock in the AI era, driving up the stock price. Source: Economic Information Daily 2. On June 22, Kintor Pharmaceutical announced a placement of Kintor Laminated Board shares, increasing cash flow per share by HKD 10.6, with the net debt ratio expected to decrease from 28% in 2025 to 15% in 2026, supporting its capital expenditure plans. Source: Economic Information Daily 3. On June 23, Kintor Laminated Board announced that the company's directors exercised their preemptive rights, resulting in the issuance of 300,000 shares, further enhancing market confidence. Source: Zhitong Finance The PCB industry is entering a price increase cycle, with full orders and extended delivery times. Shenghong Technology down 0.11%. Based on recent key news: 1. On June 23, market rumors suggested that NVIDIA requested PCB manufacturers to reduce prices by 10%, and Shenghong Technology's expansion affected Rubin platform shipments. NVIDIA's investor relations department clarified that the price reduction rumors were unfounded, and Shenghong Technology's expansion was not directly related to the Rubin project delay. This news raised market concerns about the PCB sector, leading to stock price fluctuations. (Viewpoint Network) 2. On June 23, Jefferies released a research report stating that the Kyber backplane PCB plan, originally scheduled for introduction in 2027, may be delayed until 2028, sparking market discussions about the AI PCB industry's prosperity. This news intensified market concerns about the PCB industry's outlook, affecting stock prices. (Shanghai Securities Journal) The PCB industry faces price reduction pressure, with significant market volatility **Stocks Ranked Among the Top by Market Capitalization in the Industry** Lens Technology fell by 2.93%. Based on recent key 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, and the market is full of expectations for its future development. However, in the short term, this news failed to boost the stock price, and instead, concerns about the complexity and challenges of semiconductor packaging materials led to a decline in the stock price. 2. On June 23, the entire mobile phone supply chain fell, and Goldman Sachs lowered its global smartphone shipment forecast, mainly due to rising memory chip costs. As part of the mobile phone supply chain, Lens Technology's stock price was affected and fell. 3. On June 23, analyst reports indicated a downward revision of global smartphone shipment forecasts, leading to weakened market expectations for the future performance of related companies, putting pressure on Lens Technology's stock price. 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