Movement Alert|DELTON Surges 20.41% in Regular Trading, A-Share Daily Limit Triggers H-Share Valuation Catch-Up Amid PCB Sector Strength

Market Focus09-22

On September 22, DELTON (01989) surged 20.41% in regular trading, reaching HKD 145.6 per share, with turnover of HKD 290 million.

On the news front, the company's A-share hit the daily limit on the prior trading day, closing at RMB 185.93 with a 10.00% gain, significantly widening the AH premium and driving H-share valuation repair. Additionally, the overhang from cornerstone investors' lockup expiry of approximately 20.67 million shares — which had triggered a 7.88% selloff the previous week — has now fully cleared, removing a key near-term headwind and enabling consecutive rebounds.

At the sector level, the PCB concept has been strengthening recently, with institutions projecting an acceleration in PCB earnings growth starting in Q3, supported by the initial shipment of AI high-end products. The company's Huangshi facility is being upgraded into a major domestic production base for computing server PCBs, while PCIe 6.0 server PCBs are expected to begin small-batch shipments this year, reinforcing medium-term growth expectations. UBS Group recently raised its long position to 13.44%, further signaling institutional confidence.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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