On July 14, Sanen Group (06951.HK) rose 3.94% in regular trading, trading at 102.6 HKD/share, with turnover of approximately 72.72 million HKD. The stock rebounded after approaching its IPO price of 100.3 HKD set during its listing on July 9.

On the news front, while mid-to-low capacity MLCC prices have seen minor adjustments recently, the company's core high-capacity and ultra-high-capacity MLCC products continue to see price increases. One ultra-high-capacity MLCC product from Sanen Group is now quoted by Huaqiangbei distributors at 72 yuan per 1,000 units (ex-tax), up significantly from 50 yuan per 1,000 units in mid-June. Industry sources noted that demand driven by AI computing infrastructure and new energy vehicles represents genuine structural demand, with supply-side delivery times extending and inventories remaining tight, leaving little basis for price declines in high-end products.

The stock had previously declined over 5% on July 13 amid a broader tech sector pullback and concerns over mid-to-low capacity MLCC pricing, before finding support near its offering price.

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