--- title: "Hong Kong Stock Movement: LUXSHARE ICT rises 10.34%, Goldman Sachs increases holdings to boost confidence" type: "News" locale: "en" url: "https://longbridge.com/en/news/293292588.md" description: "LUXSHARE ICT rose 10.34%; Kingboard Laminates rose 11.06%, with a transaction value of HKD 3.88 billion; Kingboard Group rose 9.39%, with a transaction value of HKD 1.739 billion; Shenghong Technology rose 5.84%, with a transaction value of HKD 986 million; SanHuan Group rose 9.67%, with a market value of HKD 198.1 billion" datetime: "2026-07-21T05:46:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293292588.md) - [en](https://longbridge.com/en/news/293292588.md) - [zh-HK](https://longbridge.com/zh-HK/news/293292588.md) generator: "portal-rs" --- # Hong Kong Stock Movement: LUXSHARE ICT rises 10.34%, Goldman Sachs increases holdings to boost confidence **Hong Kong Stock Movement** LUXSHARE ICT rose 10.34%. Based on recent key news: 1. On July 15, Goldman Sachs increased its holdings in LUXSHARE ICT by 2.4 million shares, demonstrating confidence in the company and driving the stock price up. The holding ratio reached 15.61% after the increase. Source: Zhitong Finance 2. On July 18, LUXSHARE ICT's stock price fell below the issue price on its first day of listing in Hong Kong, affected by tight market liquidity and the adjustment cycle of the consumer electronics sector. Source: Jiemian News 3. Recently, the overall liquidity in the Hong Kong stock market has been tight, affecting the acceptance of new stocks, leading to price fluctuations on LUXSHARE ICT's first day of listing. Source: Jiemian News, tight liquidity in the Hong Kong stock market, low risk appetite. **Stocks with High Trading Volume in the Industry** Kingboard Laminates rose 11.06%. Based on recent key news: 1. On July 21, Kingboard Laminates' stock price rose due to increased demand for AI servers. The market's surge in demand for high-end boards boosted the sales and prices of copper-clad laminates, fiberglass cloth, and copper foil, becoming the main driver of the stock price increase. Source: Zhitong Finance 2. On July 20, related warrants for Kingboard Laminates were active, with significant capital inflow. The more active warrants in the market had exercise prices between HKD 76 and HKD 108, with actual leverage of about 2.3 to 2.9 times, indicating investors' confidence in its future performance. Source: Economic Information Daily 3. On July 19, analysts at Citigroup gave Kingboard Laminates a high target price, driving the stock price up. Citigroup is optimistic about Kingboard Laminates, setting a target price of HKD 130, attracting investor attention and pushing the stock price up. Source: Zhitong Finance, AI demand drives activity in the board market, significant capital inflow. Kingboard Group rose 9.39%, with a trading volume of HKD 1.739 billion, and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Shenghong Technology rose 5.84%. Based on recent news: 1. On July 21, JP Morgan suggested buying Shenghong Technology on dips after a price correction, stating that investors' concerns about NVIDIA's Kyber project timeline and the company's market share in the Vera Rubin project were somewhat overstated. JP Morgan lowered Shenghong Technology's earnings expectations for 2026-2028 by 5-13%, but maintained an overweight rating, reducing the target price from HKD 600 to HKD 500. Shenghong Technology's H shares closed at HKD 212.4 on Monday. 2. On July 20, Shenghong Technology's decline in Hong Kong narrowed after previously dropping by 5%; its A shares reversed the previous downward trend, rising by 2.6%. JP Morgan analysts stated that if the Kyber project is delayed, the stronger demand for NVIDIA's existing products and its expanding share in the Google project should partially offset the impact on Shenghong Technology On July 20th, Shenghong Technology's average trading volume was 5,514,108, with a current market value of HKD 9.56 billion. Market concerns regarding the Nvidia project have eased. **Stocks ranked among the top in industry market value** SanHuan Group rose by 9.67%. Based on recent key news: 1. On July 21st, SanHuan Group released a performance forecast, expecting a net profit of RMB 1.794 billion to RMB 2.041 billion in the first half of 2026, a year-on-year increase of 45% to 65%. The demand in the electronic components and optical communication industry has increased, driving the growth of demand for main business products, especially a significant increase in sales of MLCC products and optical communication products. Source: Jinshi Data 2. On July 20th, SanHuan Group announced plans to repurchase shares, with a total repurchase amount of no less than RMB 450 million and no more than RMB 900 million, with a repurchase price not exceeding RMB 135 per share. This move aims to maintain the company's value and protect shareholders' rights. Source: Titanium Media 3. On July 21st, the global data center construction accelerated, and the demand for optical device markets continued to increase, with year-on-year sales growth of related optical communication products such as plug cores and sleeves from SanHuan Group. Source: Zhitong Finance The demand in the electronic components industry is strong, and data center construction is accelerating ### Related Stocks - [02475.HK](https://longbridge.com/en/quote/02475.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) - [06951.HK](https://longbridge.com/en/quote/06951.HK.md) ## Related News & Research - [LUXSHARE ICT Plans to Issue Up to RMB25B Corporate Bonds](https://longbridge.com/en/news/296847363.md) - [Luxshare Precision Declares Interim Dividend for H-Shareholders](https://longbridge.com/en/news/296835047.md) - [Key Apple suppliers pin hopes on new iPhone amid memory price squeeze](https://longbridge.com/en/news/296974669.md) - [Luxshare Proposes Governance Changes After H-Share Listing](https://longbridge.com/en/news/296806918.md) - [The Signal That Says Crypto Winter Is Finally Breaking](https://longbridge.com/en/news/297432475.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**