JPMorgan Reaffirms "Overweight" Stance on Victory Giant Technology, Trims Price Target to HK$500

Deep News07-21

JPMorgan has released a research report stating that the key determinant for Victory Giant Technology (Huizhou) Co.,Ltd. (ASX: 02476)'s market share over the next two to three years will be high-quality production capacity. The report suggests that investors have recently been overly focused on uncertainties and have overreacted to short-term headwinds.

The firm has lowered its earnings forecasts for Victory Giant Technology for the fiscal years 2026 to 2028 by 5% to 13%. This adjustment reflects a slightly later-than-expected mass production timeline for this year's PCB projects and the potential impact of a delayed Kyber launch.

Consequently, JPMorgan has reduced its target price for the company's H-shares from HK$600 to HK$500, while reiterating its "Overweight" rating.

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