Movement Alert|VGT Rises 3.29% in Regular Trading, Over 50 New AI Clients Added in H1 Coupled with High-Order HDI Breakthroughs

Market Focus
Yesterday

On September 9, VGT rose 3.29% in regular trading, trading at HKD 213.2/share with turnover of HKD 110 million, rebounding notably from the prior session's decline.

On the news front, the company disclosed on its investor relations platform that it added over 50 new clients in the first half, with more than half being high-end AI customers. Certain major clients' next-generation products have entered mass production, and core computing power and communication projects are progressing as expected. On the technology side, VGT announced it has successfully mastered 30-layer 10-order HDI and 36-layer 14-order HDI core manufacturing processes, while actively advancing frontier technologies including 70-plus-layer copper paste sintering and COWOP advanced packaging substrates.

It is worth noting that the stock had fallen on September 8 after its H1 results revealed Q2 non-GAAP net profit declined 5.28% year-over-year to RMB 1.161 billion, pressured by approximately 4,000 new hires and new production line depreciation that weighed on gross margins. The latest client expansion and technology milestones appear to have helped restore market confidence following the post-earnings selloff.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10