HK Stock Market Move | The concept stock of PCB rose against the market trend, the prosperity of AI computing power continues to be realized, and the mid-year reports of many PCB companies exceeded expectations.

PCB concept stocks strengthened against the market, as of the time of writing, Guangdong Dtech Technology (01377) rose by 10.14% to 438.8 Hong Kong dollars; DELTON (01989) rose by 8.08% to 136.5 Hong Kong dollars; KB LAMINATES (01888) rose by 6.56% to 54.4 Hong Kong dollars; KINGBOARD HLDG (00148) rose by 3.54% to 61.45 Hong Kong dollars. In terms of news, on the evening of July 13, several core PCB companies released performance forecasts for the first half of 2026, all showing significant growth year-on-year and quarter-on-quarter. Shengyi Electronics expects a net profit attributable to the parent company of 10.82 billion to 11.37 billion yuan for the first half of 2026, a year-on-year increase of 104%-114%; Wus Printed Circuit expects to achieve a net profit attributable to the parent company of 28.3 billion to 30 billion yuan, a year-on-year growth of 68.17% to 78.28%; Shennan Circuits expects to achieve a net profit attributable to the parent company of 21 billion to 23 billion yuan, a year-on-year growth of 54.41% to 69.12%. It was previously rumored in the market that Rubin Ultra may be delayed until 2028 for shipment. On July 11 local time, Morgan Stanley released a non-trading roadshow memo from NVIDIA management. NVIDIA CEO Jensen Huang denied the rumors of a delay in Rubin Ultra and confirmed that it will be shipped as planned next year. Galaxy Securities believes that the high-end PCB demand for AI chips is expected to continue to increase, leading to an ongoing rise in copper-clad laminates prices and an upward revision of PCB valuations. It is recommended to pay attention to leading companies in the AI PCB industry.