Electronic Components

Nomura First Coverage of Shenghong Technology with ‘Buy’ Rating

VGT released FY2026 Q1 earnings on April 28 During-Market (BJT), actual revenue HKD 6.258 B (forecast HKD 6.195 B), actual EPS HKD 1.6779

Shenghong Technology's Phase Four Factory in Huizhou Gradually Entering Production

Shenghong Technology Fully Exercises Over-allotment Option to Issue H-shares

Victory Global Technology's Over-allotment Option Fully Exercised

VGT to Release FY2026 Q1 Earnings on April 28 During-Market (BJT), Forecast Revenue HKD 6.226 B

Winson Technology's IPO Receives Strong Subscription Response

VGT released FY2025 Annual Earnings on March 13, 2026 (BJT), actual revenue HKD 21.09 B (forecast HKD 22.13 B), actual EPS HKD 5.4647

VGT released FY2024 Annual Earnings on March 13 (BJT), actual revenue HKD 11.62 B (forecast HKD 12.04 B), actual EPS HKD 1.4505

VGT released FY2024 Q4 earnings on March 13 (BJT), actual revenue HKD 3.227 B (forecast HKD 3.236 B), actual EPS HKD 0.4773

VGT released FY2025 Q4 earnings on March 13, 2026 (BJT), actual revenue HKD 5.755 B (forecast HKD 6.051 B), actual EPS HKD 1.368

VGT released FY2024 Q3 earnings on October 27 (BJT), actual revenue HKD 3.151 B (forecast HKD 3.381 B), actual EPS HKD 0.4007

VGT released FY2024 9 Months earnings on October 27, 2025 (BJT), actual revenue HKD 8.39 B, actual EPS HKD 0.9729

VGT released FY2025 Q3 earnings on October 27 (BJT), actual revenue HKD 5.56 B (forecast HKD 6.184 B), actual EPS HKD 1.3664

VGT released FY2025 9 Months Earnings on October 27, 2025 (BJT), with actual revenue of HKD 15.34 B and EPS of HKD 4.079

VGT released FY2024 Semi-Annual Earnings on August 26, 2025 (BJT), with actual revenue of HKD 5.24 B and actual EPS of HKD 0.5719

VGT released FY2025 Q2 earnings on August 26 (BJT), actual revenue HKD 5.165 B (forecast HKD 5.196 B), actual EPS HKD 1.5666

VGT released FY2024 Q2 earnings on August 26 (BJT), actual revenue HKD 2.647 B (forecast HKD 3.026 B), actual EPS HKD 0.312

VGT released FY2025 Semi-Annual earnings on August 26 (BJT), actual revenue HKD 9.778 B, actual EPS HKD 2.7068

VGT released FY2024 Q1 earnings on April 21, 2025 (BJT), actual revenue HKD 2.592 B, actual EPS HKD 0.2601

MS GROUP HLDGS

REACH NEW HLDGS

HINSANG GROUP

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OMNIBRIDGE HLDG

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02476

VGT (2476.HK) has recently shown outstanding market performance. ... The full text contains more than 500 words

Technical Forecast

Morning Trend | VGT (2476.HK) Volume Breakthrough and Market Attention

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YOFC(06869) rose 17.16%, with a trading turnover 6.7 Billion HKD, and a year-to-date rose 378.1%. MONTAGE TECH(06809) rose 8.3%, with a trading turnover 580.9 Million HKD, and a year-to-date rose 109.9%. MUYUAN(02714) fell 6.14%, with a trading turnover 220.5 Million HKD, and a year-to-date rose 2.6%. FAST RETAIL-DRS(06288) fell 5.35%, with a trading turnover 63.9 Thousand HKD, and a year-to-date rose 26.2%.

- The Hang Seng Index fell by 1.22%, with a year-to-date increase of 2.1%, while the Hang Seng Technology Index decreased by 1.93%, reflecting a year-to-date decline of 10%.  
- Longi Green Energy (06869) rose by 17.16% with a transaction volume of 6.67 billion HKD, marking a cumulative increase of 378.1% for the year.  
- Meanwhile, companies like Yangtze Memory (06809) and Muyuan Food (02714) experienced mixed results, with Yangtze Memory increasing by 8.3% and Muyuan decreasing by 6.14%.

Top Gainers&Losers

YOFC

MONTAGE TECH

MUYUAN

FAST RETAIL-DRS

CATL

LAOPU GOLD

JD HEALTH

Top 5 HK Stock Gainers/Losers (>100B) (4.22)

The printed circuit board manufacturer VGT (Huizhou) Co., Ltd. saw a significant increase in its stock price on its first day of listing in Hong Kong, becoming the largest IPO of the year, raising approximately HKD 20 billion. The opening price was HKD 330, up 57% from the issue price, and in the afternoon it reported HKD 311.40, with a market capitalization of about HKD 300 billion. This issuance involved approximately 96 million shares, with 39% allocated to cornerstone investors, and the Hong Kong portion was oversubscribed by 400 times. The company plans to use about three-quarters of the IPO proceeds to expand its manufacturing business. Last year's revenue grew by 80%, and profits increased by about three times

BambooWorks

Brief News: The largest IPO fundraising stock since the beginning of the year, VGT, surged on its first day of listing

VGT listed on its first day, opening at 330 yuan, up 57.2% from the listing price of 209.88 yuan. The highest/lowest prices were 336.2/302 yuan respectively, closing at 315 yuan, up 50.1% from the listing price of 209.88 yuan. The half-day trading volume was 25.1389 million shares, involving a capital of 8.047 billion yuan

AASTOCKS

"New Stocks" VGT closed at 315 yuan for half a day, up 50.1% from the listing price

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Victory Giant Technology Huizhou, a Chinese supplier of Nvidia, surged 57% in its Hong Kong trading debut, raising US$2.6 billion in the largest listing in seven months. Shares opened at HK$330, up from a listing price of HK$209.88. The IPO attracted 37 cornerstone investors, securing US$997 million in stock. The company, a leader in printed circuit boards for AI servers, plans to use proceeds to expand production capacity. Analysts maintain a buy recommendation, citing strong growth driven by AI demand and potential opportunities in the ASICs market.

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ZIJIN GOLD INTL

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JPMorgan Chase

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NVIDIA Corporation

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MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

CITIGROUP INC 6.250 NON CUM SER II PFD WI

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

Victory Giant surges in debut after biggest Hong Kong listing this year

VGT(02476.HK)

Morning Trend | VGT (2476.HK) Volume Breakthrough and Market Attention

Top 5 HK Stock Gainers/Losers (>100B) (4.22)

Brief News: The largest IPO fundraising stock since the beginning of the year, VGT, surged on its first day of listing

"New Stocks" VGT closed at 315 yuan for half a day, up 50.1% from the listing price

Victory Giant surges in debut after biggest Hong Kong listing this year