Electronic Components

Victory Giant Tech: Global Offering Stabilization Period Ends, 15% Over-allotment Option Fully Exercised

Shenghong Technology Releases Investor Relations Activity Report: Order Fulfillment and Business Progress Are Promising

Singhon Technology Benefits from AI Demand, Reports Strong Q1 Revenue and Profit Growth

Nomura First Coverage of Shenghong Technology with ‘Buy’ Rating

Shenghong Technology's Phase Four Factory in Huizhou Gradually Entering Production

VGT released FY2026 Q1 earnings on April 28 During-Market (BJT), actual revenue CNY 5.519 B (forecast CNY 5.464 B), actual EPS CNY 1.48 (forecast CNY 1.4188)

Shenghong Technology Fully Exercises Over-allotment Option to Issue H-shares

Victory Global Technology's Over-allotment Option Fully Exercised

VGT to Release FY2026 Q1 Earnings on April 28 During-Market (BJT), Forecast Revenue CNY 5.464 B, EPS CNY 1.4188

VGT released FY2025 Annual Earnings on March 12 After-Market (BJT), actual revenue CNY 19.29 B (forecast CNY 19.9 B), actual EPS CNY 5 (forecast CNY 5.5192)

VGT released FY2025 Q4 earnings on March 12 After-Market (BJT), actual revenue CNY 5.175 B (forecast CNY 5.441 B), actual EPS CNY 1.2302 (forecast CNY 1.4634)

VGT to Release FY2025 Earnings on March 13 After-Market (BJT), Forecast Revenue CNY 19.9 B, EPS CNY 5.5192

VGT released FY2025 9 Months earnings on October 27 After-Market (BJT), actual revenue CNY 14.12 B, actual EPS CNY 3.7513

VGT released FY2025 Q3 earnings on October 27 After-Market (BJT), actual revenue CNY 5.086 B (forecast CNY 5.657 B), actual EPS CNY 1.25 (forecast CNY 1.556)

VGT to Release FY2025 Q3 Earnings on October 28 After-Market (BJT), Forecast Revenue CNY 5.657 B, EPS CNY 1.556

VGT released FY2025 Q2 earnings on August 26 After-Market (BJT), actual revenue CNY 4.719 B (forecast CNY 4.747 B), actual EPS CNY 1.4313 (forecast CNY 1.5261)

VGT released FY2025 Semi-Annual earnings on August 26 After-Market (BJT), actual revenue CNY 9.031 B, actual EPS CNY 2.4999

VGT to Release FY2025 Semi-Annual Earnings on August 27, 2025 (BJT)

Research Analysts at Dongguan Securities Give Buy Rating to Shenghong Technology

Shenghong Technology Shareholders' Reduction Plan Completed

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The Shenzhen Stock Exchange (SZSE) announced that, following the end of the price stabilization period in the Hong Kong market and after its corresponding A-share listing has been traded for 10 full trading days, VGT-1.800 (-0.529%) has been included in the list of eligible securities for Southbound Trading under the Implementation Measures of the Shenzhen Stock Exchange for Shenzhen-Hong Kong Stock Connect. The inclusion takes effect from today (18th). (HK stocks quote is delayed for at least 15 mins.)

AASTOCKS News

SZSE: VGT  Included in Southbound Trading Eligible Securities List

VGT; Driven by the AI boom, revenue in the first quarter increased by 28% year-on-year, reaching 5.52 billion yuan, and net profit grew by 40%, reaching 1.29 billion yuan. Operating cash flow increased from 424 million yuan to 2.12 billion yuan, a growth rate of 4 times. The company's stock price surged by 7%, with a cumulative increase of about 50% since its listing. VGT is a leading enterprise in the global AI and high-performance computing advanced PCB field, and it is expected that the market share will reach 13.8% by 2025

BambooWorks

News Summary: Driven by the AI boom, VGT's quarterly performance shows strong growth

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The IPO raised net proceeds of approximately HK$19.89 billion, making it the largest Hong Kong IPO of the year so far and the largest new stock listing in Hong Kong in nearly seven months. Reports indicate that CIC, NBIM, BlackRock, and Fidelity Investments participated as ordinary order book buyers rather than cornerstone investors

- Shenghong Technology made a strong debut on the Hong Kong Stock Exchange, with shares rising 50.09% by closing, achieving a market capitalization of HKD 305.05 billion.  
- The IPO raised approximately HKD 19.89 billion, marking it the largest Hong Kong IPO of 2026 so far, attracting significant interest from major investors including China Investment Corporation and BlackRock.  
- The funds raised will primarily be used for capacity expansion and upgrading smart manufacturing equipment, supporting the company's goal of reaching a revenue target of HKD 100 billion by 2030.

Wallstreetcn

NVIDIA

YieldMax NVDA Option Income Strategy ETF

XI2CSOPNVDA

GraniteShares 2x Long NVDA Daily ETF

T-Rex 2X Long NVIDIA Daily Target ETF

Direxion Daily NVDA Bull 2X Shares

T-Rex 2X Inverse NVIDIA Daily Target ETF

XL2CSOPNVDA

China Hua Xin Group Holdings Limited

Zhongyi Jiye Holding Company Limited

中国国信服务控股有限公司

Nano Labs

Investment Co. Plc

滴灌通国际投资有限公司

Xiamen International Investment Limited

BlackRock

Yueda Inv.

QUALI-SMART

FB MULTIASSET

HOUSE OF ROSE Co.,Ltd.

CLP-PF N3006

First Trust Morningstar Div Leaders Index Fd

Japan Smaller Capitalization

FundX Future Fund Opportunities ETF

YUNFENG FIN

Wintrue Holding

Yunnan Aluminium

Delignit AG

Reliance Global

Reliance

JPMorgan Chase

GF SECURITIES

GF SEC

MUYUAN

HKEX

WisdomTree Bloomberg Brent Crude Oil

Abrdn BBG All Commodity Longer Dated Strategy K-1 Free ETF

First Trust Bloomberg Nuclear Power ETF

NVIDIA Corporation

BlackRock Tech and Private Equity Term Trust

BLACKROCK MULTI-SECTOR INCOME TR COM USD0.001(S/R 09/09/2025) WI

Blackrock Enhanced Div Achievers Trust

BlackRock Science and Tech Term Trust

BlackRock Multi-Sector Income Trust

RELIANCE GLOBAL GROUP INC C/WTS 09/02/2026(TO PUR COM) SER A

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

Backed by NVIDIA, VGT's Hong Kong Debut Surges 50% as Sovereign Wealth Funds and Global Giants Lead the Way

VGT's $2.6 billion stock issuance listed in Hong Kong attracted participation from major institutional investors such as China Investment Corporation, Norges Bank Investment Management, BlackRock, and Fidelity Investments. These institutions participated as buyers in the main order book rather than as cornerstone investors

VGT's listing trade reportedly attracted investors including CIC and Norges Bank Investment Management

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The Hong Kong stock market rose slightly in the morning session, with the Hang Seng Index closing at 26,394 points, up 33 points or 0.1%. VGT debuted on its first day of listing with a stock price of HKD 315, 50.1% higher than the listing price. The total turnover of the market for the half day was HKD 108.789 billion. Technology stocks were generally weak, with Tencent and Alibaba falling by 1% and 1.2%, respectively. Battery stock CATL rose by 5.6%, while pharmaceutical stocks Kingsoft and Junshi Biosciences each rose by over 4%

AASTOCKS

BABA-W

Alibaba

Direxion FTSE China Bull 3X

"Hong Kong Stocks" Hang Seng Index rises 33 points in half a day, VGT's first listing is 50% higher than the listing price

Victory Giant Technology Huizhou, a Chinese supplier of Nvidia, surged 57% in its Hong Kong trading debut, raising US$2.6 billion in the largest listing in seven months. Shares opened at HK$330, up from a listing price of HK$209.88. The IPO attracted 37 cornerstone investors, securing US$997 million in stock. The company, a leader in printed circuit boards for AI servers, plans to use proceeds to expand production capacity. Analysts maintain a buy recommendation, citing strong growth driven by AI demand and potential opportunities in the ASICs market.

Businesstimes News

ZIJIN GOLD INTL

Morgan Stanley

Citigroup

XTEP INT'L

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MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Victory Giant surges in debut after biggest Hong Kong listing this year

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The negotiations for a ceasefire agreement between the U.S. and Iran have failed, leading to heightened tensions in the Middle East. The three major U.S. stock indices fell slightly on Monday, while international oil prices rebounded. The Hang Seng Index opened 81 points higher at 26,442 points, with mixed performance among tech stocks. VGT surged 57% on its debut, while China Mobile's revenue saw a slight increase in the first quarter, resulting in a modest rise in its stock price

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China Mobile

CHINA MOBILE

The US-Iran negotiations remain unresolved, the Hang Seng Index opened up 81 points, China Mobile slightly rose after its earnings report, and VGT surged 57% on its debut ｜ Hong Kong stock market opens

VGT closed at 333 yuan in the dark market yesterday, 58.7% higher than the listing price. Today is the first day of listing, opening at 330 yuan, 57.2% higher than the listing price of 209.88 yuan, with a trading volume of 11.2288 million shares during the opening period

"New Stocks" VGT opened at 330 yuan on the first day, 57.2% higher than the listing price

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The Hong Kong stock market opened well, with the Hang Seng Index rising 81 points to 26,442 points, and the National Index and Hang Seng Tech Index also opening up 37 points and 26 points respectively. VGT's stock price increased by 57.2% on its first day of listing compared to the offering price. Several technology stocks, such as Baidu and BYD Company Limited, also saw increases. China Mobile's net profit in the first quarter fell by 4.2%, and its stock price slightly rose. SF Holding is considering issuing convertible bonds, and its stock price fell slightly

BYD Company Limited

Baidu

BYD COMPANY

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BYD Company

Hang Seng Index

Dow Jones Industrial Average

Hang Seng China Enterprises Index

Hang Seng TECH Index

SMIC

HUA HONG SEMI

Hua Hong

GPIXEL

KNOWLEDGE ATLAS

MINIMAX-W

MANYCORE TECH

TENCENT

MEITUAN

JD-SW

JD.com

KUAISHOU-W

NTES-S

NetEase

XIAOMI-W

HSBC HOLDINGS

HSBC

SF HOLDING

SF Holding

WASION HOLDINGS

CMGE

BIDU-SWR

BYD HK SDR 10to1

BYD COMPANY-R

SMIC HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

BABA-WR

Alibaba HK SDR 5to1

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

JD-SWR

KUAISHOU-WR

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

HSBC 5xShortSG241213

HSBC Holdings Plc

AIA-R

AIA Group

CN Mobile HK SDR 5to1

CHINA MOBILE-R

The Hang Seng Index opened 81 points higher, VGT's first listing is 57% higher than the IPO price, Baidu and BYD are rising

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36Kr learned that the Hang Seng Index opened up 0.31%, and the Hang Seng TECH Index rose 0.53%; the hardware and electrical equipment sectors led the gains, with VGT opening up 57.23% on its first day of listing, and CATL and JunDa shares rising over 1%; the education and rare earth sectors saw the largest declines, with China Aluminum and Dongfang Zhenxuan dropping nearly 1%

36Kr

CATL

CAM HS TECH

The Hang Seng Index opened up 0.31%, and VGT opened 57.23% higher on its first day of listing

VGT(300476.SZ)

SZSE: VGT Included in Southbound Trading Eligible Securities List