HK Stock Market Move | VSTECS (00856) rose nearly 4% in the morning, with a 30% year-on-year growth in AI-related business over the past 25 years. The company is a core partner of NVIDIA in Southeast Asia.

VSTECS (00856) rose nearly 4% in the morning, rising 4.24% as of the report, to HK$3.69, with a turnover of HK$4.84 billion. On the news front, VSTECS recently announced its performance for 2025, with a profit attributable to shareholders of HK$1.353 billion, an increase of 28.66% year-on-year. The announcement stated that due to the growth in demand in all branches, especially the demand for consumer electronics and cloud computing brought about by the artificial intelligence boom and the popularity of electronic products, the group achieved substantial profits in the current year. Huayuan Securities pointed out that in terms of growth rate, the company's profit growth rate is significantly faster than its revenue, mainly because the company not only benefits from the high prosperity of AI-related businesses, but also benefits from business structure optimization, the increase in the proportion of high-margin businesses, and the improvement in profitability brought about by the price increase of electronic components such as storage. Huayuan Securities continued to point out that the company's Southeast Asia business continued to maintain high growth. According to information from the company's official WeChat public account, AI-related businesses in 2025 grew by 30% year-on-year, and regional net profit grew by 20% year-on-year. As a core partner of NVIDIA in Southeast Asia, the company has helped deploy multiple AI computing centers and continues to expand market share of international brands such as Apple, HPE, and Dell, with Apple business growing by 67% year-on-year. The bank believes that with the acceleration of digital transformation in Southeast Asia and the increasing demand from Chinese technology companies to go global, the company, with its localized channels, technical support, and delivery capabilities, is expected to continue to benefit from the growth opportunities brought about by the construction of AI infrastructure and the expansion of regional ICT demands.