---
title: "Hong Kong Stock Movement: VGT rises 11.60%, Goldman Sachs raises AI server expectations"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295176641.md"
description: "VGT rose 11.60%; Kingboard Laminates rose 9.17%, with a transaction amount reaching HKD 4.394 billion; Kingboard Group rose 5.19%, with a transaction amount reaching HKD 1.668 billion; Lens Technology rose 2.40%, with a transaction amount reaching HKD 250 million; Luxshare Precision rose 3.44%, with a market value reaching HKD 487.5 billion"
datetime: "2026-08-07T03:43:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295176641.md)
  - [en](https://longbridge.com/en/news/295176641.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295176641.md)
---

# Hong Kong Stock Movement: VGT rises 11.60%, Goldman Sachs raises AI server expectations

**Hong Kong Stock Movement**

Victory Giant Technology rose 11.60%. Based on recent key news:

1.  On August 7, PCB concept stocks rebounded, and Goldman Sachs raised its forecast for the AI server market size, leading to a 5.02% increase in Victory Giant Technology's stock price. Goldman Sachs expects the global AI server PCB market to reach USD 37.5 billion by 2027, a 38% increase from previous forecasts. \[Source: Zhitong Finance\]
    
2.  On August 6, Victory Giant Technology's stock price surged over 17%. The company clarified market rumors, stating that cooperation with major clients is going smoothly and orders are sufficient. The company denied rumors of losing major client orders on its investor interaction platform, emphasizing that business progress is on track. \[Source: China Securities Journal\]
    
3.  On August 5, Victory Giant Technology entered the top ten trading list of "Hong Kong Stock Connect (Shanghai)" for the first time, with northbound capital buying HKD 964 million and selling HKD 971 million, resulting in a net sell of HKD 7.1584 million. This indicates increased market attention on the stock. \[Source: Economic Information Daily\] The strong growth expectations for the AI server market are driving the development of the PCB industry.
    

**Stocks with High Trading Volume in the Industry**

Kingboard Laminates rose 9.17%. Based on recent key news:

1.  On August 5, Kingboard Laminates recorded large transactions with a trading amount of HKD 4.403 billion, and the active buy-sell ratio was 57:43, with a net active buy of HKD 606 million, driving the stock price up.
    
2.  On August 4, Citigroup released a research report stating that the average selling price of electronic-grade fiberglass cloth rose by 17% to 18% month-on-month, driven by strong AI demand for certain products, and the industry's supply tightness has intensified. Kingboard Laminates' valuation is attractive, maintaining a "Buy" rating and a target price of HKD 130.
    
3.  On August 4, Citigroup estimated that Kingboard Laminates' net profit for the second quarter increased by over 80% quarter-on-quarter to about HKD 1.8 billion, and the net profit for the third and fourth quarters is expected to continue rising to HKD 2.5 billion to HKD 3.5 billion, benefiting from the continued upward trend in average selling prices of copper-clad laminates, electronic glass cloth, and copper foil amid ongoing shortages in the AI supply chain. The industry's supply tightness and strong AI demand are evident.
    

Kingboard Group rose 5.19%. Based on recent key news:

1.  On August 6, Citigroup, as a major shareholder of Kingboard, acted as a joint placement agent and released a bullish research report, raising the target price to HKD 130. This boosted market confidence in Kingboard Group, driving the stock price up.
    
2.  On August 4, Citigroup released a research report stating that the price of electronic-grade fiberglass cloth has risen sharply, driven by strong AI demand, and Kingboard Laminates' valuation is attractive, maintaining a "Buy" rating. The market expects Kingboard's CCL prices to rise by 10-15% in August, further stimulating the stock price increase.
    
3.  On August 4, PCB concept stocks generally rebounded, and Kingboard Group benefited from the overall improvement in the industry, leading to a rise in its stock price. AI demand is driving up electronic material prices Lens Technology rose 2.40%. Based on recent key news:
    
4.  On August 5, the consumer electronics market welcomed a new product launch season, with Apple's new generation products as the core driver. Leading companies in the industry, including Lens Technology, entered a critical stage of R&D breakthroughs, capacity expansion, and mass production delivery, driving up stock prices.
    
5.  On August 5, HaiMuxing disclosed that it has begun substantial cooperation with Lens Technology in the TGV field, with excellent technical indicators and high market coverage, further enhancing Lens Technology's market competitiveness.
    
6.  On August 6, the mobile phone industry chain collectively declined, but Lens Technology rose against the trend, mainly benefiting from rising memory prices leading to price increases by mobile phone manufacturers. As an important part of the supply chain, the market expects its performance to benefit. The consumer electronics market is in peak season, with rising mobile phone memory prices.
    

**Stocks ranked among the top in industry market capitalization**

Luxshare Precision rose 3.44%. Based on recent key news:

1.  On August 6, Luxshare Precision was added to the Hong Kong Stock Connect list under the Shenzhen-Hong Kong Stock Connect, driving up stock prices. This move helps improve the liquidity and market attention of the company's stock, with prices rising by 4.18%. Source: Zhitong Finance
    
2.  On August 5, Luxshare Precision exercised its over-allotment option, issuing 12.5419 million H shares and raising approximately HKD 790 million. This move strengthened the company's capital strength, stabilizing stock prices. Source: Economic Information Daily
    
3.  On August 6, the adjustment of the Hong Kong Stock Connect list saw Luxshare Precision included, with positive market reactions and rising stock prices. This adjustment increased the company's attractiveness to investors. Source: Shanghai Stock Exchange announcement, industry trends are favorable, and capital inflow is significant

### Related Stocks

- [02476.HK](https://longbridge.com/en/quote/02476.HK.md)
- [01888.HK](https://longbridge.com/en/quote/01888.HK.md)
- [00148.HK](https://longbridge.com/en/quote/00148.HK.md)
- [06613.HK](https://longbridge.com/en/quote/06613.HK.md)
- [02475.HK](https://longbridge.com/en/quote/02475.HK.md)

## Related News & Research

- [OCT Asia Calls EGM to Approve Disposal of Huizhou Industrial Park Unit](https://longbridge.com/en/news/295159970.md)
- [Victory Giant Technology Plans New 2026 Share Incentive and ESOP Schemes](https://longbridge.com/en/news/293230532.md)
- [17:43 ETThe Cruise Travel Agency That Hit £1 Million in Sales Almost Overnight and Now Can't Hire Travel Advisors Fast Enough](https://longbridge.com/en/news/294741931.md)
- [EXCLUSIVE: JPMorgan Sees US ETF Market Reaching $25 Trillion by 2030 — 'We Have Yet to See Any Signs of Moderation'](https://longbridge.com/en/news/294640815.md)
- [Solomon Systech schedules board meeting to review interim results, weigh dividend](https://longbridge.com/en/news/294680236.md)