HK Stock Market Move | PC PARTNER (01263) rises by over 9% again, and will announce its performance on Friday this week. Previously expected full-year net profit to exceed HK$250 million.

PC PARTNER (01263) rose over 9%, as of the time of writing, it was up 9% to 8.72 Hong Kong dollars, with a turnover of 30.29 million Hong Kong dollars. On the news front, PC PARTNER plans to hold a board meeting on February 28th (this Friday) to approve the full-year performance. The company previously expected the annual net profit attributable to shareholders to be not less than about 250 million Hong Kong dollars, compared to a profit of about 60 million Hong Kong dollars in the previous year. The increase in performance is mainly due to strong demand for the new series of graphics cards launched at the beginning of 2024, as well as an improvement in demand for graphics cards compared to the previous year. The reduction in promotion and marketing expenses for the group's own brand business to boost sales has also improved gross profit margins. Public information shows that PC PARTNER is the world's second largest GPU graphics card manufacturer, with sub-brands such as Zotac, Inno3D, and Palit. It is reported that PC PARTNER successfully listed for the second time on the main board of the Singapore Stock Exchange in November last year through introduction. The group has relocated its headquarters to Singapore and established PC Partner Singapore PTE Ltd. Its graphics card production line will also be relocated to Indonesia.