On August 26, VGT rose 3.95% in regular trading, trading at HKD 241.2/share, with turnover of HKD 125 million. The stock gained ahead of the company's board meeting scheduled for August 27 to review interim results and a potential dividend proposal.
Market consensus forecasts quarterly revenue of RMB 6.514 billion, representing 37.22% year-over-year growth, with adjusted EPS of RMB 1.79, up 17.43%. The company previously disclosed that orders in hand continue to grow, with select high-end PCB products entering mass production and R&D collaboration with core customers progressing smoothly. Some clients have already placed long-term demand signals extending into 2027-2028.
Institutional research notes indicate that AI new capacity ramp-up and accelerated downstream customer pull-in will drive PCB sector earnings growth, with high-end boards remaining in a supply-deficit situation. Goldman Sachs projects the global AI PCB market to reach USD 37.5 billion by 2027, with average selling prices rising substantially through 2028.
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