HK Stock Market Move | Victory Giant Technology (02476) rose over 6% to a new high during trading hours. The company stated that it currently has a full order book and that its business is progressing smoothly.

Shares of Victory Giant Technology (02476) surged more than 6%, reaching a new high of 368 Hong Kong dollars. As of the time of writing, the stock was up by 4.34% at 360.4 Hong Kong dollars, with a transaction value of 4.87 billion Hong Kong dollars. On the news front, on the evening of May 8th, Victory Giant Technology released the latest investor relations activity record. During the interactive session, Victory Giant Technology stated that the company's current order book is full, business progress is smooth, and order production and delivery are both being carried out as usual. The company mentioned that the capacity utilization rate of the Huizhou factory is being maintained at a high level. The company is working hard to expand production and steadily advancing towards the goal of achieving a billion-dollar output by 2030. The progress in each aspect is smooth, and the company's production expansion speed is at a leading level in the industry. Cai Xin Securities believes that the AIPCB industry is witnessing continuous improvement in market sentiment, Victory Giant Technology is accelerating the construction of production capacity, actively stocking up, and is expected to benefit fully from the demand growth brought about by the rotation of servers. Sealand stated that Victory Giant Technology is a global leading supplier in all categories of PCB in the AI processing card, AIData CenterUBB & switch markets; the company is embracing the AI industry trend, actively expanding production capacity, and is expected to benefit greatly in the future.