On June 11, Shenghong Tech rose 3.79% in regular trading, trading at 373.6 HKD/share, with trading volume of HKD 810 million.

On the news front, JPMorgan published a research report initiating coverage of Shenghong Tech with an \"Overweight\" rating and a target price of 600 HKD (for the period through June next year), implying significant upside from the current level. JPMorgan is bullish on global high-end PCB demand growth driven by strong AI demand, significant content value increases, and specification upgrades for high-performance computing. The bank expects the company's earnings growth to accelerate particularly in the second half of the year and beyond, citing Shenghong Tech's competitive advantages in technology, large-scale production capacity, and long-term partnerships with global tech leaders.

Additionally, the company's previously announced employee stock ownership plan of up to RMB 7 billion continues to stabilize market expectations, while the impact of the chairman's recent personal scandal is gradually being digested. The stock rebounded after a pullback in the prior trading session.

(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.)