Movement Alert|VGT Intraday Rise 7.09% in Regular Trading, order visibility and share buyback support sentiment

Market Focus11-10

On November 10, VGT rose 7.09% in regular trading, trading at HK$115.4, with turnover of HK$43.00 million.

The recent catalyst in public disclosures is the company’s update that operations remain normal, the supply chain is stable, capacity utilization is healthy, and customer demand stays strong, with high-end high-layer and high-order HDI product scheduling extending to 2028. The company also said some core customers have released long-term demand for 2027 to 2028, while a planned share buyback of RMB150 million to RMB300 million has helped support market confidence.

Additional disclosed operating data showed first-three-quarter revenue of RMB18.461 billion, up 30.77% year over year, and net profit attributable to shareholders of RMB3.384 billion, up 4.28%. Management also indicated that combined demand from major North American customers and ASIC customers for 2027 is already slightly above current capacity, reinforcing the market’s focus on order visibility and product mix upgrading.

(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.

Comments

We need your insight to fill this gap
Leave a comment