JPMorgan Initiates Coverage on Victory Giant Technology with 'Overweight' Rating and HK$600 Price Target

Deep News06-10

JPMorgan has issued a research report initiating coverage on Victory Giant Technology (02476) with an 'Overweight' investment rating, setting a price target of HK$600 until June of next year.

The bank is optimistic about growth in global PCB demand, particularly for high-end PCBs, driven primarily by robust artificial intelligence (AI) demand, significant increases in content value, and specification upgrades aimed at achieving high-performance computing.

Victory Giant Technology is well-positioned to be a primary beneficiary of this growth due to its competitive advantages in technology, large-scale production capacity, and long-term collaboration with global technology leaders.

Since its listing in April 2026, the company's share price has risen 61% (while the Hang Seng Index has fallen 6%), and it currently trades at a 6% discount to its A-shares.

The bank notes a strengthening market confidence in AI and anticipates an acceleration in the company's profit growth, especially after the second half of 2026, which is expected to further propel the share price higher.

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class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-06-10 13:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>JPMorgan has issued a research report initiating coverage on <b>Victory Giant Technology</b> (<b>02476</b>) with an 'Overweight' investment rating, setting a price target of HK$600 until June of next year.<br><br>The bank is optimistic about growth in global PCB demand, particularly for high-end PCBs, driven primarily by robust artificial intelligence (AI) demand, significant increases in content value, and specification upgrades aimed at achieving high-performance computing.<br><br><b>Victory Giant Technology</b> is well-positioned to be a primary beneficiary of this growth due to its competitive advantages in technology, large-scale production capacity, and long-term collaboration with global technology leaders.<br><br>Since its listing in April 2026, the company's share price has risen 61% (while the Hang Seng Index has fallen 6%), 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