On May 11, $VGT (02476.HK)$ the stock price surged over 6% at one point during trading, hitting a new high of HKD 368. As of this report, it was up 4.17%, trading at HKD 359.8, with a turnover of HKD 614 million.
In terms of developments, on the evening of May 8, Shenghong Technology released the latest investor relations activity record. During the interactive session, Shenghong Technology stated that the company currently has a full order book, and business operations are proceeding smoothly, with production and delivery being carried out as scheduled. Shenghong Technology noted that capacity utilization at its Huizhou plant remains at a high level. The company is making every effort to expand production and steadily advancing toward the goal of achieving a production value of RMB 100 billion by 2030. Progress across all stages is going smoothly, and the company’s expansion speed is already among the industry leaders.
Caixin Securities believes that the AIPCB sector continues to experience rising prosperity, and Shenghong Technology is accelerating its production capacity construction and actively building inventory, positioning itself to fully benefit from the demand growth driven by server upgrades. Guohai Securities stated that Shenghong Technology is a full-category PCB supplier and holds a leading global market share in AI computing cards, AI data center UBB, and switches. The company is embracing the AI industry trend and actively expanding production capacity, positioning itself for significant future benefits.
Editor/KOKO
