Hong Kong stocks closed (08.07) | The Hang Seng Index closed up 0.54%. Strong pharmaceuticals and PCB concepts, and all gold stocks rose throughout the day

The Zhitong Finance App learned that the three major indices of Hong Kong stocks opened low and moved higher today, and the three major indices collectively closed higher. At the close, the Hang Seng Index rose 0.54% or 137.75 points to 25668.03 points, with a full-day turnover of HK$259.686 billion; the Hang Seng State-owned Enterprises Index rose 0.39% to 8531.58 points; and the Hang Seng Technology Index rose 0.78% to 4858.29 points. Looking at the whole week, the Hang Seng Index fell by 0.84%, the China Index fell by 0.94%, and the Hengke Index rose 0.6%.

Guoxin Securities believes that due to the global shock, Hong Kong stocks bucked the trend and led the way. In the sector, the bank continues to recommend a high dividend direction; a rebound window in the direction of non-ferrous metals represented by gold; semiconductors and AI hardware; in addition, the rebound of Internet leaders in July was about 15% to 30%. Since Deepseek calls are still dominating the list, it will take time to test the market for the new model of the Internet leader.

Blue-chip stock performance

Lenovo Group (00992) is trending strongly. At the close, it rose 8.33% to HK$28.1, with a turnover of HK$3.212 billion. Contributed 22.53 points. Lenovo Group will disclose its first fiscal quarter results on August 13. Damo released a research report saying that, driven by rising revenue and profit margins from the infrastructure solutions business, adjusted net profit will reach about US$788 million, an increase of 102% year-on-year and 41% quarterly, which is about 12% higher than market expectations.

In terms of other blue-chip stocks, Yao Ming Biotech (02269) rose 10.83% to HK$45.86, contributing 26.81 points to the Hang Seng Index; Yao Ming Kangde (02359) rose 7.01% to HK$192.3, contributing 9.31 points to the Hang Seng Index; Wanzhou International (00288) fell 3.1% to HK$7.965, dragging down the Hang Seng Index by 3.25 points; Henderson Land (00012) fell 2.18% to HK$26.88, dragging down the Hang Seng Index by 1.34 points.

Popular sector aspects

On the market, the rise and fall of TechNet stocks diverged, with Alibaba falling 0.48% and Tencent falling 0.08%. Goldman Sachs drastically raised the AI server PCB and CCL forecasts, and the PCB concept continued to rebound; innovative pharmaceutical companies ushered in a performance window, and pharmaceutical stocks had the highest gains; the Big Eight PV silicon companies signed the “Proposal”, and Xinte Energy surged more than 13%; and Big Model Duo Xiong and Gold stocks improved. On the other side, oil prices soared again in the Strait of Hormuz, putting pressure on aviation stocks; after MGM's results fell more than 7%, leading the decline in gaming stocks.

Pharmaceutical stocks had the highest gains. At the close, Zaiding Pharmaceuticals (09688) rose 18.38% to HK$17.2; Pharmaceuticals Syndicate (02268) rose 11.82% to HK$61.95; Pharmaceuticals Biotech (02269) rose 10.83% to HK$45.86; and Goli Pharmaceutical-B (01672) rose 9.52% to HK$11.16.

From a six-fold increase in net profit from BeiGene over the same period last year, to a sharp increase in Yao Ming Kangde's annual revenue guidelines, to Cinda Biotech and Rongchang Biotech each fulfilling their growth logic, the innovative drug industry chain is ushering in a “performance implementation+catalysis intensive” resonance window. Furthermore, according to data from the State Drug Administration, China's innovative drugs reached 81 external licenses in the first half of the year, with a total transaction volume of about 110 billion US dollars. This has already reached 80% of the whole year of 2025, and the semi-annual scale has reached a record high. It is worth mentioning that the disclosure of clinical data from top overseas medical conferences is expected to become the core catalyst in the short term. WCLC has published the title of the abstract and will release full data on August 19; the ESC annual meeting at the end of August will also focus on disclosing core clinical trial results in the cardiovascular field.

The PCB concept is rising across the board. At the close, Guanghe Technology (01989) rose 10.93% to HK$125.8; Shenghong Technology (02476) rose 10.91% to HK$256.2; Jiantao Laminate (01888) rose 9.91% to HK$38.36; and Chippex (09630) rose 8.04% to HK$368.4.

Goldman Sachs's latest research report shows that the market size forecast for AI servers has been drastically raised. The bank expects the global AI server PCB market to reach US$37.5 billion in 2027, up 38% from the previous forecast, and further increase to US$84 billion in 2028; the CCL market is expected to reach US$22.1 billion in 2027, an increase of 18%, and is expected to rise to US$48 billion in 2028. According to this forecast, from 2026 to 2028, the AI server PCB and CCL market size will reach 148% and 161%, respectively.

The big model “Shuang Xiong” has climbed again. At the close, Smart Spectrum (02513) rose 14.63% to HK$1246; MINIMAX-W (00100) rose 9.83% to HK$326.4.

A few days ago, DeepSeek announced that it plans to comprehensively raise the price of API services in the near future. It is expected that the increase will be significant. The specific price adjustment plan will be subject to subsequent notifications. According to the Cathay Pacific Haitong Securities Research Report, DeepSeek has taken the initiative to announce price increases, which marks an accelerated convergence in the phase of blind low price competition in the industry. The significance of the directional signal is far greater than the specific increase itself. At the industry level, DeepSeek's price increase has effectively raised the price bottom line of the entire MaaS market, and the API pricing centers of various model manufacturers have ushered in room for improvement, helping to improve the revenue structure and gross margin level of the entire industry.

Gold stocks increased their gains in the afternoon. At the close, Tongguan Gold (00340) rose 6.74% to HK$2.77; Zijin Gold International (02259) rose 4.34% to HK$137.1; and Zijin Mining (02899) rose 3.12% to HK$36.4.

Gold prices are expected to record their biggest weekly increase since January this year. Weakening oil prices provide support for gold prices, while investors are waiting for US non-farm payrolls data to find clues about the future of US interest rates. The US Department of Labor will release the non-farm payrolls report tonight. Matt Simpson, senior analyst at StoneX, said: “Regardless of the non-farm payrolls data, $4,000 has proven to be a solid support level — I doubt the bulls are waiting for a pullback to seize the opportunity to push the price of gold back to $4,600.

PV stocks generally rebounded. At the close, Xinte Energy (01799) rose 13.53% to HK$4.53; GCL Technology (03800) rose 8.96% to HK$0.73.

On the evening of August 6, just one week after the General Administration of Market Regulation issued price compliance guidance for the photovoltaic industry on July 31, eight major domestic crystalline silicon companies jointly signed an anti-domestic “Proposal” in Shanghai. The company jointly promises that the sales price of all photovoltaic products (including bidding quotations) shall not be lower than the corresponding cost calculated in accordance with the group standard “General Rules for the Cost Accounting Model for the Photovoltaic Industry”. Sales below full cost must be stopped and corrected immediately, and consciously subject to supervision and inspection by market supervision and administration departments at all levels.

Popular exotic stocks

Nason Technology's (02261) debut sales soared. At the close, it was up 64.11% to HK$17.1.

Nason Technology officially listed on the Hong Kong Stock Exchange today, becoming the “first stock in the Hong Kong Stock Line Control Chassis”. The company is one of the top three domestic asset line control solution suppliers in China. In 2025, revenue of 615 million yuan increased by 50.2% over three years. The products have entered the supply chains of Changan, Ideal, and Chery, etc., and have won a total of 117 car companies.

Pacific Shipping (02343 ) surged after its performance. At the close, it was up 13.77% to HK$3.8.

Pacific Shipping announced interim results of US$1,105 billion, up 8.52% year on year, net profit of US$105 million, up 310.35% year on year, and proposed an interim dividend of HK15.5 cents per share. Bank of America Securities expects the strong profit performance of dry bulk freight to continue until next year.

The stock price of GigaYi Innovation (03986) rebounded. At the close, it was up 6.8% to HK$528.

According to yesterday's announcement from Zhaoyi Innovation, as of July 31, Ge Weidong and his wife Wang Ping increased their holdings by 185,500 shares and 1.026,700 shares respectively compared to the end of the first quarter, increasing their total market holdings by 466 million yuan at the closing price. Ge Weidong previously posted an article in his circle of friends that he strongly viewed AI. “I believe it's not over,” he said.

Jiangxi Copper Co., Ltd. (00358) showed active performance. At the close, it was up 3.97% to HK$39.82.

Affected by the Democratic Republic of the Congo (DRC) ban on copper concentrate exports, global copper prices have once again reached a record high. Citi said it has a constructive view on the future of copper prices in the coming weeks. It believes that the Chinese spot market is showing signs of physical tightening. It is expected that the copper price will hit 14,500 US dollars per ton within the next three months, and the target price for the end of the year is 15,000 US dollars per ton.

MGM China (02282) was under pressure throughout the day. At the close, it was down 7.76% to HK$10.22.

MGM China announced that for the six months ended June 30, 2026, it achieved operating income of HK$17.392 billion, up 4.4% year on year; adjusted EBITDA of HK$4.784 billion, a slight decrease of 1.9% year on year; profit attributable to company owners was HK$1,901 billion, down 20.2% year on year.

Zhongji Asahi (03308) Afternoon diving. At the close, it was down 3.56% to HK$1,110.

According to some sources, the AAOI conference call indicated that this year's goal is to increase production capacity by 3 times in a single month, and more automation equipment is needed to expand production. The total manufacturing capacity in the second quarter was close to 200,000 units per month. At the end of this year, the monthly production capacity was about 650,000 800G and 1.6 T products.