--- title: "🚀Abandon defense, embrace hard tech! Kingboard (1888) surges, Xunce (3317) washes out, Montage (6809) holds firmly. The amazing logic behind the shift in Hong Kong stock market capital flows" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/43212116.md" description: "Good evening, fellow investors! 👋 Honestly, this Hong Kong stock market rally today is just so satisfying to watch! Just a few days ago, many were still daily worried about external markets falling, chip stocks crashing, and the broader market digging pits. Yet today, HK tech stocks went straight into bull mode! The Hang Seng Tech Index surged by 0.97% in a single day, completely lifting the entire market! Market capital is now incredibly smart, finally abandoning rigid, high-dividend defensive stocks. Everyone's mindset is unified: ditching the stagnant old economy and flooding into hard tech with solid earnings, strong prospects, and elasticity! It's a typical 'stock-picking over index' rally; while the index isn't skyrocketing..." datetime: "2026-08-05T11:43:28.000Z" locales: - [en](https://longbridge.com/en/topics/43212116.md) - [zh-CN](https://longbridge.com/zh-CN/topics/43212116.md) - [zh-HK](https://longbridge.com/zh-HK/topics/43212116.md) author: "[H暴龍哥](https://longbridge.com/en/profiles/2076314383049293824.md)" generator: "portal-rs" --- # 🚀Abandon defense, embrace hard tech! Kingboard (1888) surges, Xunce (3317) washes out, Montage (6809) holds firmly. The amazing logic behind the shift in Hong Kong stock market capital flows Good evening, comrades! 👋 Honestly, this Hong Kong stock market rally today is just so satisfying to watch! Just a few days ago, everyone was terrified of external markets falling, chip stocks crashing, and the broader market digging pits. Yet today, HK tech stocks went straight into a bull run! The Hang Seng Tech Index surged 0.97% in a single day, completely lifting the entire market! Market capital is now incredibly smart, finally abandoning rigid, high-dividend defensive stocks. Everyone's mindset is super unified: **Abandon the lifeless old economy and flood into hard tech with earnings, prosperity, and elasticity!** This is a typical "**Stocks over Indices**" market. The index isn't going crazy, but every main theme has meat on the bone! **Bottom-line breakdown of the market, exposing the truth behind AMD's plunge, reviewing our five holdings one by one, and tonight's must-watch night session trends** --- **I. Today's Market Overview | Three Profit-Making Themes Explode** Let's quickly tally up so everyone knows where we stand: HSI rose slightly by 0.24%, CSI steady upward, but the strongest remains Hang Seng Tech! The market signal is clear now: The broad market stabilizes, while tech makes money! **1️⃣ Gold / Non-Ferrous Metals | Dual Strength in Hedging + Revaluation** Resource stocks exploded today! $Dragon Resources (01712.HK)$ skyrocketed 41%, $China Gold International (02099.HK)$ rose 13%, and $Luoyang Molybdenum (03993.HK)$ , $Zijin Mining (02899.HK)$ all turned red with big gains. Many think gold is only traded for geopolitical hedging, but that's not it! Now it's about global physical asset shortages and continued de-dollarization. Gold serves as a 保值 (value-preserving) core position, while industrial metals absorb AI infrastructure and new energy demands. This sector isn't a one-day trip. Pullbacks are buying opportunities; the mid-term trend is very stable! **2️⃣ Semiconductor AI Chip Chain | Cycle Completely Reversed** Today $GigaDevice (03986.HK)$ , $Hua Hong MacroSilicon (01347.HK)$ , $SMIC (00981.HK)$ collectively rose higher, completely shaking off the previous bearish momentum of continuous small drops. I told everyone before: The darkest period for semiconductors is over! Foundry capacity is slowly warming up, and domestic substitution is forcing the industry chain to accelerate autonomous controllability. Simply put: Previously it was concept speculation, now it's real cycle reversal and gradual earnings recovery! Subsequent H1 reports will only prove strength! **3️⃣ PCB + AI Applications | Real Money Earnings Materialize**🧩 Today's most satisfying line is definitely this one! Our holding, Kitakyu, directly surged over 10%, $MINIMAX-W (00100.HK)$ , Lenovo collectively surged! This market is super realistic: AI server demand is too strong, even upstream basic materials and PCBs are starting to face shortages and price hikes. This is the most stable "Water Seller Logic." No need to guess themes, no need to gamble on news, earnings come straight to your pocket! AI PCs and large model commercialization are fully landing, leaving plenty of room for this main line! --- **🛡**️**II. Five Swordsmen Holdings Status** **1️⃣**$Kitakyu Laminates (01888.HK)$ **| Cost 27.32✅** This was truly the most comfortable operation this week! On Monday it dropped to the annual line ice point. Many were scared it would fall further and panic-sold. I said then: This level has explosive cost-performance ratio! I decisively bought low at 27.32, and today it violently surged over 10%! The thick safety cushion of the annual line I compared earlier was verified again today! CPO and AI servers are expanding production crazily, upstream material demand is full. As the leader, Kitakyu eats up all the dividends. The safety cushion is now super thick, no need to panic! Hold firmly with discipline, let profits fly, don't get off the bus hastily for small gains! **2️⃣ 00268 Kingdee International | Cost 6.35** Yesterday many comrades sighed to me: Kingdee rallied then fell back, will it break down? My heart was super calm: This pullback isn't retail distribution, it's the main force specifically washing out floating chips! Today it directly recaptured lost ground, the trend is ridiculously stable! The half-year line steadily becomes support, chip turnover is getting cleaner. Key catalysts still coming: Board meeting on Aug 11 to review H1 report, early turnaround + foreign capital continuously adding positions. Now is the most comfortable warm-up stage before the main rising wave. Continue locking positions and lying flat, waiting for the explosion! **3️⃣**$Xunce (03317.HK)$ **| Cost 121.7** Xunce showed some character today. Early session rallied slightly then pulled back to wash chips, afternoon directly dropped to underwater operation today. Many are anxious again: Is it topping? Should we leave? To be honest: Pure short-term profit-taking, super healthy! Up two days in a row, people wanting to leave after making money is totally normal, doesn't affect the major trend at all. Revenue surged 389%, first half-year turnaround since inception, AI commercialization turning from storytelling to real money. We sit comfortably at our 121.7 cost. Washing chips is just to go further. Steadily hold and wait for valuation explosion. **4️⃣** $Estun (02715.HK)$ **| Cost 20.61** Estun continues its steady small-step fast walk to repair upward movement today, extremely stable trend accumulating strength! Since building a base at 16 yuan, it has risen in small steps, completely ignoring the broad market's random drops, bottom support is super solid. Hot money is currently concentrated in AI computing power, high-end manufacturing is temporarily skipped. It's just that the wind hasn't blown yet, not that it lacks value. It's like planting trees, silently rooting in the early stage, only then can it grow tall and big. Hold patiently, wait for funds to switch highs/lows and rotate for catch-up gains! **5️⃣**$Montage Technology (06809.HK)$ **| Cost 282.34** The one most feared and misunderstood today! Last night AMD plunged after hours, many comrades messaged me in the middle of the night: Big trouble! Chips will crash! Montage will kneel! I thoroughly exposed the truth today, helping everyone sweep away all anxiety! AMD's performance is fundamentally NOT poor! Q2 Data Center revenue surged 107%, total revenue skyrocketed 50%, data is explosively beautiful! The after-hours plunge is only because: Guidance didn't reach explosive levels, good news landing became bad news, high-position profit-takers collectively took profits, pure sentiment kill, zero logic kill! Instead, this report proves: Global AI server construction is STILL super hot! Montage's DDR5 and CXL core chips are rigid necessities for AI hardware, a solid water seller business. Today's high-level volatility is the main force using external panic to refuel in mid-air and wash out floating chips. Don't scare yourself! The upward trend hasn't changed, firmly lock positions! --- 🌙**Tonight's Night Session Focus | Directly Impacts Tomorrow's Trend!** These few wind tunnels tonight, everyone must watch closely, deciding tomorrow's tech stock opening strength! **1️⃣ US Stock Semiconductor Absorption Strength** See if US stocks can digest AMD's short-term divergence, open low and go high to stabilize. Once chip sentiment repairs, tomorrow Montage and Kitakyu will directly charge again! **2️⃣ ADP Employment + PMI Data** Moderate data will suppress US Treasury yields, benefiting HK tech overall valuation repair, the Five Swordsmen benefit collectively! **3️⃣ Gold, Non-Ferrous Short-Term Rhythm** Oil price plunge suppresses inflation, resource stocks may have short-term turnover, belonging to healthy adjustment, mid-term revaluation logic unchanged! **4️⃣ Chip Policy Continuous Benefits** Chip IP protection + deepening cooperation between two capital markets, continuously providing a bottom line for Montage and other hardcore tech! --- 💡Still an old saying: The harsher the washout, the fiercer the future market! Now our five holdings all step on the hardest current main lines: With earnings, with capital, with policy, with prosperity! Short-term volatility, turnover, scary sell-offs, all are paving the way for the next main rising wave! The market trend is becoming clearer and clearer, the tech bull market rhythm is getting steadier! Rest peacefully tonight, recharge fully, tomorrow we continue following the rhythm, eating the most stable, most fragrant main line market🔥 **If you think Brother Baolong writes pretty well, comrades, hope to get your likes!** **More incentive to my post-writing passion haha! Of course, if the post doesn't suit your taste, please swipe past automatically, thank you!** ### Related Stocks - [03317.HK](https://longbridge.com/en/quote/03317.HK.md) - [06809.HK](https://longbridge.com/en/quote/06809.HK.md) - [688008.CN](https://longbridge.com/en/quote/688008.CN.md) - [00268.HK](https://longbridge.com/en/quote/00268.HK.md) - [02715.HK](https://longbridge.com/en/quote/02715.HK.md) - [002747.CN](https://longbridge.com/en/quote/002747.CN.md) - [00148.HK](https://longbridge.com/en/quote/00148.HK.md) - [01888.HK](https://longbridge.com/en/quote/01888.HK.md) ## Comments (2) - **阳光哪吒 · 2026-08-06T04:14:56.000Z**: Oh no, can Montage rise? I'm trapped too. - **H暴龍哥** (2026-08-06T11:15:08.000Z): Next week, it may still experience volatility due to potential unlocking, unless a surge in overseas markets drives Voyah. --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**