On August 27, VGT rose 5.24% in regular trading, trading at 247.6 HKD/share, with turnover of approximately 70.94 million HKD. The company convened its board meeting today to review interim results and a dividend proposal, with market consensus forecasting quarterly revenue growth of 37.22% year-over-year and adjusted EPS growth of 17.43% year-over-year.
JP Morgan previously expressed optimism about the company's second-half earnings acceleration, viewing VGT as a direct beneficiary of NVIDIA's platform upgrades from Blackwell to Rubin/Rubin Ultra and subsequent series. The company disclosed that orders in hand continue to grow, with select high-end PCB products entering mass production and certain customers releasing long-term demand for 2027-2028. Industry research notes indicate that AI new capacity release and accelerated downstream customer procurement will drive PCB companies' earnings growth, with the tight supply situation for high-end boards persisting.
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