--- title: "Hong Kong stock movement: KB LAMINATES fell 15.93%, heavy losses due to adjustments in AI capital expenditures and a wave of expansion" type: "News" locale: "en" url: "https://longbridge.com/en/news/294000076.md" description: "KB LAMINATES fell 15.93%; Kingboard Group fell 12.29%, with a transaction amount reaching HKD 763 million; Shenghong Technology fell 9.66%, with a transaction amount reaching HKD 293 million; Sunny Optical Technology fell 2.39%, with a transaction amount reaching HKD 197 million; Luxshare Precision fell 6.56%, with a market value reaching HKD 457 billion" datetime: "2026-07-28T02:42:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294000076.md) - [en](https://longbridge.com/en/news/294000076.md) - [zh-HK](https://longbridge.com/zh-HK/news/294000076.md) generator: "portal-rs" --- # Hong Kong stock movement: KB LAMINATES fell 15.93%, heavy losses due to adjustments in AI capital expenditures and a wave of expansion **Hong Kong Stock Movement** KB LAMINATES fell 15.93%. Based on recent key news: 1. On July 28, PCB concept stocks plummeted across the board, with KB LAMINATES dropping 13.64%. Nvidia is advancing a new round of AI infrastructure deals, leading to a market adjustment in AI capital expenditure expectations, which caused a decline in PCB industry stock prices. Source: Zhitong Finance 2. On July 28, the wave of expansion in the PCB industry raised market concerns. High-end capacity is less than 20%, with most new capacity concentrated in the mid-to-low end, leading to significant speculation in the industry and putting pressure on stock prices. Source: Securities Times 3. On July 28, the risk of circular financing increased, exacerbating market concerns about future cash flow management, affecting investor confidence and further suppressing stock prices. Source: Zhitong Finance. The wave of expansion in the PCB industry has intensified, with clear market differentiation. **Stocks with High Trading Volume in the Industry** Kintor Pharmaceutical fell 12.29%. Based on recent news, 1. On July 28, the PCB concept plummeted across the board, leading to a decline in Kintor Pharmaceutical's stock price. Nvidia's advancement in a new round of AI infrastructure deals and concerns over circular financing have drawn market attention, causing a general decline in PCB industry stocks. Kintor Pharmaceutical's decline reached 12.29%. Source: Zhitong Finance 2. On July 27, trading volume in Hong Kong stocks decreased, with market buying interest being weak. The Hang Seng Index bear certificates' heavy area was not attacked, raising concerns that the market may turn and fall again, affecting Kintor Pharmaceutical's stock price. Source: Economic Information Daily 3. The wave of expansion in the PCB industry has led to a correction in market expectations for high-end capacity. Under the backdrop of industry expansion, the proportion of high-end capacity is insufficient, and there is severe speculation in low-end capacity concepts, affecting Kintor Pharmaceutical's stock price. Source: Securities Times. The wave of expansion in the PCB industry has led to a correction in market expectations. Shenghong Technology fell 9.66%, with a trading volume of HKD 293 million, and there has been no important news recently. The trading is active, with clear capital flow, and considering the sector and industry trends, this stock shows significant volatility, with specific reasons needing further observation. Sunny Optical Technology fell 2.39%. There has been no important news recently; the trading is active, with clear capital flow, and considering the sector and industry trends, this stock shows significant volatility, with specific reasons needing further observation. no\_news **Stocks with High Market Capitalization in the Industry** Luxshare Precision fell 6.56%. Based on recent news, 1. On July 28, China International Capital Corporation initiated coverage of Luxshare Precision H shares with a "Buy" rating and a target price of HKD 78.3. The firm pointed out that the company is transitioning from a global leader in consumer electronics precision manufacturing to a comprehensive global platform covering AI communication and data centers as well as automotive electronics EMS/ODM, significantly benefiting from industry opportunities in AI communication data centers and automotive electronics. The company's AI data center products have received design wins and mass production orders from several core overseas cloud service giants, and in the automotive sector, the successful acquisition and integration of Lainai has brought significant synergies, enhancing cross-selling and net profit margins. Consumer electronics, as a core cash flow business, although facing pressure from rising memory prices, has continued to outperform expectations in both Apple and non-Apple businesses The bank expects that, benefiting from product portfolio improvement and operational leverage enhancement, Luxshare Precision's revenue compound annual growth rate will reach 19% from 2025 to 2028, and the net profit compound annual growth rate will reach 30%. On July 27, Luxshare Precision fell 5.69% in regular trading to HKD 59.60. Bank of China International released a research report, initiating coverage of Luxshare Precision's H shares with a "Buy" rating and a target price of HKD 78.3. The bank pointed out that the company is evolving from a global leading precision manufacturer of consumer electronics to a comprehensive global platform covering AI communication and data centers as well as automotive electronics EMS/ODM, significantly benefiting from industrial opportunities in AI communication data centers and automotive electronics. The company's AI data center products, such as copper interconnects, optical interconnects, liquid cooling, and power supplies, have already secured design wins and mass production orders from several core overseas cloud service giants. In terms of automotive business, the successful acquisition and integration of Lainai has brought significant synergies, enhancing cross-selling and net profit margins. Consumer electronics, as the core cash flow business, although facing pressure from rising memory prices, has continued to outperform expectations in both Apple and non-Apple businesses. The bank expects that, benefiting from product portfolio improvement and operational leverage enhancement, Luxshare Precision's revenue compound annual growth rate will reach 19% from 2025 to 2028, and the net profit compound annual growth rate will reach 30%. The opportunities in AI communication and data centers as well as automotive electronics are significant ### Related Stocks - [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) - [02382.HK](https://longbridge.com/en/quote/02382.HK.md) - [02475.HK](https://longbridge.com/en/quote/02475.HK.md) ## Related News & Research - [Citi More Optimistic on AI-CCL Supply Chain Technology Curve Upgrade Outlook; Prefers KB LAMINATES Over KINGBOARD HLDG](https://longbridge.com/en/news/297134428.md) - [Kingboard Laminates: AI boom drove 55% revenue and 209% net profit growth, with major capacity expansions underway](https://longbridge.com/en/news/296735345.md) - [Former Miami Mayor Francis Suarez Joins HelloGov AI as Advisor to the Board](https://longbridge.com/en/news/297064972.md) - [Lorka AI Report Finds Higher Workplace AI Adoption Among Younger Workers](https://longbridge.com/en/news/297049938.md) - [Kingboard Laminates FY26 H1 net profit more than doubled to HK$ 2.89 billion; revenue rises 55% to HK$ 14.9 billion](https://longbridge.com/en/news/296734193.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**