Delton Technology (Guangzhou) Inc. engages in the research, development, production, and sale of multi-layer printed circuit boards in China and internationally...
1989.HK opened at HKD 95.2 and rallied to an intraday high of HKD 99.8, closing at HKD 98.0, up 17.58% from the previous close of HKD 83.35, driven by renewed sentiment in the PCB sector amid AI computing power expansion. The company posted Q1 2026 revenue of approximately HKD 2.17 billion, up 81.39% YoY, and net profit of HKD 445 million, up 72.88% YoY, with operating profit doubling to HKD 567 million and net profit margin rising to 20.51%. While CLSA and Jefferies have issued Outperform and Buy ratings, the stock remains 55.86% below its 52-week high of HKD 222, trading at HKD 98, well below both the MA20 of HKD 123.27 and MA60 of HKD 162.27, with a YTD gain of only 2.08% and a PE of 35.02x and PB of 5.67x, suggesting strong fundamentals yet price levels still face headwinds.
Guanghe Tech (1989.HK) opened lower and extended losses, closing the morning session at HK$112.5, down 4.7% from the previous close of HK$118.0, mainly due to persistent weakness in the Hong Kong-listed PCB sector following recent corrections, with market sentiment weighed by digestion of prior profit-alert-driven gains and lingering concerns over industry capacity expansion and client rumors. Intraday range was narrow, with only 4,100 shares traded in the morning session and total turnover of approximately HK$701,200, reflecting thin liquidity. Fundamentally, the company reported strong Q1 2026 results: net profit surged 72.88% YoY to HK$445 million, revenue rose 81.39% YoY, net margin improved to 20.51%, and EPS of HK$1.0544 was up 80.18% YoY, yet the positive impact had been priced in. Price-wise, the stock remains 49.32% below its 52-week high of HK$222, and trades well below the 20-day MA (HK$137.21) and 60-day MA (HK$166.98), confirming a bearish technical posture, though YTD gain stands at 17.19%. While CLSA and Jefferies have recently issued positive ratings on the PCB sector, near-term consolidation may continue as the market reassesses valuation.
1989.HK fell sharply in the afternoon session, closing at HKD 116.4, down 4.9% from the previous close of HKD 122.4, reversing a morning gap-up that opened at HKD 126.0, forming a 'surge-then-plunge' pattern. The intraday high of HKD 125.6 was hit at 9:52 BJ, while the low of HKD 116.3 occurred at 14:32, a ~7.5% range. The decline was driven by weak sentiment in the Hong Kong PCB sector, which recently saw violent swings (e.g., Kingboard Laminates once fell over 12% in a single day). Despite a YTD gain of 21.3%, the stock has retreated 47.6% from its 52-week high of HKD 222 and trades well below both the MA20 (HKD 149.6) and MA60 (HKD 170.0), indicating short-term technical weakness. However, fundamentals remain strong: Q1 revenue surged 81.4% YoY to HKD 2.17 billion, net profit rose 72.9% to HKD 445 million, and net profit margin improved to 20.5% from 17.7% in Q4, with a PE of 41.6x.
Guanghe Tech (1989.HK) staged a strong rally in the morning session, surging to an intraday high of HKD 133.2 before settling at HKD 130.8, up 3.15% from the previous close of HKD 126.8, driven by sustained AI PCB sector momentum and robust earnings. The company's Q1 2026 net profit soared 72.88% YoY to HKD 445.05 million, with operating revenue jumping 81.39% YoY and operating profit doubling, lifting the net profit margin to 20.51%. Following recent bullish analyst coverage, including a Buy rating from Jefferies, the stock has rebounded 63.98% from its 52-week low of HKD 79.95, yet remains 40.95% below the 52-week high of HKD 222 and trades below its 20-day (HKD 152.79) and 60-day (HKD 170.94) moving averages, despite a YTD gain of 36.56%. However, the PCB sector previously experienced sharp sell-offs due to client price-cut rumors, highlighting ongoing volatility.
Guanghe Tech opened low and rebounded strongly in the morning session, trading at HKD 123.4 as of 10:48 BJ time, up 4.84% from the previous close of HKD 117.7. The surge was driven by a profit forecast indicating net profit nearly doubled YoY amid AI-driven PCB demand. Q1 revenue soared 81.39% YoY to HKD 2.17 billion, net profit jumped 72.88% to HKD 445 million, and net margin improved to 20.51% from 17.69% in Q4. However, the stock remains 44.41% below its 52-week high of HKD 222.0 and trades below MA20 (HKD 154.6) and MA60 (HKD 171.2), while YTD gain stands at 28.54% and PE at 44.1x, balancing positive fundamentals with correction risks.
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