--- title: "Hong Kong stock movement: TIANLI HOLDINGS fell 15.28% with no negative news? Intense fluctuations caused by capital speculation" type: "News" locale: "en" url: "https://longbridge.com/en/news/290659396.md" description: "TIANLI HOLDINGS fell 15.28%; Kwan Hung Group fell 0.63%, with a transaction amount reaching HKD 7.364 billion; Kwan Hung Laminated Board rose 8.25%, with a transaction amount reaching HKD 6.766 billion; Shenghong Technology rose 0.05%, with a transaction amount reaching HKD 1.333 billion; Lens Technology fell 3.08%, with a market value of HKD 139.6 billion" datetime: "2026-06-24T07:36:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290659396.md) - [en](https://longbridge.com/en/news/290659396.md) - [zh-HK](https://longbridge.com/zh-HK/news/290659396.md) --- # Hong Kong stock movement: TIANLI HOLDINGS fell 15.28% with no negative news? Intense fluctuations caused by capital speculation **Hong Kong Stock Movement** TIANLI HOLDINGS, down 15.28%, 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 fell 0.63%. Based on recent key news: 1. On June 23, the Hang Seng Index fell sharply, dragging down Kintor Pharmaceutical's stock price. The Hang Seng Index has declined for five consecutive days due to expectations of interest rate hikes by the Federal Reserve, causing Kintor Pharmaceutical's stock price to drop by about 10%. Source: Now News Channel 2. On June 22, Citigroup raised Kintor Pharmaceutical's target price to HKD 202, causing the stock price to surge at one point. Citigroup expects Kintor Pharmaceutical to transform into a PCB and CCL concept stock in the AI era, raising its earnings forecast by 16% to 28%. Source: Zhitong Finance 3. On June 22, Kintor Pharmaceutical announced the exercise of its preemptive rights to issue new shares. This move led to stock price fluctuations, and the market holds an optimistic view of its future profitability. Source: Zhitong Finance AI sector demand is strong, and the PCB industry is thriving. Kintor Laminates rose 8.25%. Based on recent key news: 1. On June 22, Citigroup raised Kintor Pharmaceutical's target price to HKD 202, reiterating a buy rating, stimulating the stock price to rise. Citigroup expects Kintor Pharmaceutical to evolve into a PCB and CCL concept stock in the AI era, enhancing profitability, with the stock price surging over 11% in a single day. Source: Economic Information Daily 2. On June 23, Kintor Laminates announced that directors exercised their preemptive rights to issue 300,000 shares. This move may affect market expectations for the company's stock price. Source: Zhitong Finance 3. On June 23, raw material prices in the PCB industry rose, leading leading companies like Kintor Laminates to continuously raise prices, reflecting a shift in the industry chain from cost-driven to technology premium models. Source: Caixin News The PCB industry has entered a price increase cycle, with full orders. Shenghong Technology rose 0.05%. 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 plans affected Rubin platform shipments, leading to a sharp decline in the PCB sector. Shenghong Technology fell over 7% in a single day, but the company stated that operations are normal and fundamentals remain unchanged. Source: Jinshi Data 2. On June 23, NVIDIA's investor relations department clarified that the claim regarding a mandatory 10% price reduction for PCBs is false, and annual framework orders will still be executed at original prices. Shenghong Technology is NVIDIA's largest PCB supplier, and the expansion plan is not directly related to the delay of the Rubin project. Source: Viewpoint Network 3. On June 23, foreign investment bank Jefferies released a research report stating that the Kyber backplane PCB solution, originally planned for introduction in 2027, may be delayed until 2028, sparking discussions in the market about the AI PCB industry's prosperity. Source: Shanghai Securities Journal The PCB industry faces price reduction pressure, and market volatility is evident **Stocks Ranked Among the Top in Industry Market Capitalization** Lens Technology fell by 3.08%. Based on recent key news: 1. On June 23, Goldman Sachs lowered its global smartphone shipment forecast, leading to a decline across the entire smartphone supply chain. Lens Technology's stock price was affected, dropping by 1.53%. 2. On June 22, Lens Technology announced plans to put its glass substrate factory into operation by the end of the year, laying out new production lines, and the market holds an optimistic view on its future development. 3. On June 22, TGV glass substrate technology attracted market attention, and Lens Technology accelerated its technology migration, driving stock price fluctuations. 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