--- title: "Hong Kong stock movement: KB LAMINATES down 10.01%, Citigroup raises target price but cannot alleviate major shareholder cash-out concerns" type: "News" locale: "en" url: "https://longbridge.com/en/news/295354035.md" description: "KB LAMINATES fell 10.01%; Kingboard Group fell 7.93%, with a transaction amount reaching HKD 1.347 billion; Shenghong Technology rose 0.70%, with a transaction amount reaching HKD 893 million; Luxshare Precision fell 1.26%, with a transaction amount reaching HKD 216 million; SanHuan Group fell 1.68%, with a market value of HKD 210.1 billion" datetime: "2026-08-10T03:34:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295354035.md) - [en](https://longbridge.com/en/news/295354035.md) - [zh-HK](https://longbridge.com/zh-HK/news/295354035.md) generator: "portal-rs" --- # Hong Kong stock movement: KB LAMINATES down 10.01%, Citigroup raises target price but cannot alleviate major shareholder cash-out concerns **Hong Kong Stock Movement** KB LAMINATES fell 10.01%. Based on recent key news: 1. On August 6, Citigroup, as a major shareholder of KB LAMINATES, acted as the joint placement agent for the share placement, while its research department continued to release bullish reports, raising the target price from HKD 80 to HKD 130. Nevertheless, market concerns over the major shareholder cashing out led to a decline in the stock price. 2. On August 7, southbound funds net sold HKD 778 million in Hong Kong stocks, with KB LAMINATES receiving a net purchase of HKD 634 million, but the overall market fund flow was unfavorable, affecting stock price performance. 3. On August 7, Goldman Sachs significantly raised its market size forecast for the AI server supply chain in its latest industry report. Despite a positive industry outlook, it failed to boost KB LAMINATES' stock price in the short term. The industry outlook is optimistic, but short-term fund flow is unfavorable. **Stocks with High Trading Volume in the Industry** KB Group fell 7.93%. Based on recent key news: 1. On August 6, Citigroup, as a major shareholder of KB Group, acted as the joint placement agent for the share placement and released a bullish report, raising the target price from HKD 80 to HKD 130. This move attracted market attention to KB Group, leading to stock price fluctuations. 2. On August 7, the integration and IPO plans of Jialichuang Limited attracted market attention. The company is expanding capacity through acquisitions and share swaps and plans to raise HKD 4.2 billion, with highly concentrated equity held by three controlling shareholders valued at approximately HKD 86.84 billion. 3. Recently, over 50 fund companies have heavily invested in KB LAMINATES, with 204 new funds established in the second quarter, indicating strong institutional interest in KB Group. The market's attention on KB Group is high, with significant fund inflows. Shenghong Technology rose 0.70%. Based on recent key news: 1. On August 7, Goldman Sachs significantly raised its market size forecast for AI server-related markets, expecting the global AI server PCB market to reach USD 37.5 billion by 2027, and the CCL market to reach USD 22.1 billion. This news drove a general rise in PCB concept stocks, with Shenghong Technology's stock price increasing by 5.02%. 2. On August 7, Shenghong Technology announced that the cumulative deviation in the closing price increase of its stock over three consecutive trading days reached 30%. The company's production and operation are normal, with a continuous increase in orders, and the R&D iteration products in cooperation with core customers are progressing smoothly, with some customers already releasing long-term demand for 2027-2028. 3. On August 7, Nvidia's Rubin platform entered the mass production stage, with initial racks deployed in data centers such as OpenAI and Google. As a key PCB supplier in Nvidia's supply chain, Shenghong Technology continues to benefit from the expansion of AI computing. The PCB industry has performed strongly recently, and the outlook for the AI server market is optimistic. Luxshare Precision fell 1.26%. Based on recent key news: 1. On August 6, Luxshare Precision was included in the Hong Kong Stock Connect list, with its stock price showing fluctuations, initially dropping before rising to stabilize at the level of 61 yuan. This move expanded the participation opportunities for mainland investors and drove stock price volatility. 2. On August 4, Goldman Sachs increased its long position in Luxshare Precision from 17.66% to 20.27%, indicating a growing market confidence in the stock, which affected its price trend. 3. On August 7, Luxshare Precision's affiliated company, Lijing Innovation, faced risks related to reliance on a single customer, and the market's focus on its future growth path could impact Luxshare Precision's market performance. Adjustments to the Hong Kong Stock Connect list affect market liquidity. **Stocks ranked at the top of the industry by market capitalization** SanHuan Group fell by 1.68%. Based on recent key news: 1. On August 9, ShenGang Securities pointed out that the demand for high-end MLCC driven by AI technology has led leading manufacturers in Japan and South Korea to shift their production capacity to high-end specifications, with the penetration rate of intelligent driving increasing, domestic manufacturers are expected to benefit from order overflow and domestic market share replacement. Some specifications of SanHuan Group's MLCC products have seen prices restored to reasonable values, with significant year-on-year growth in sales volume and revenue. This news boosted market confidence in SanHuan Group, but the stock price still experienced a decline. 2. On August 7, SanHuan Group released a mid-term performance forecast, showing that market demand for its MLCC products continues to grow, with year-on-year increases in sales volume and unit price. However, the market still has doubts about its future profitability, leading to pressure on the stock price. 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