Victory Giant Technology (Huizhou) Co., Ltd. (ASX: 02476) shares rose more than 5% during the session. At the time of writing, the stock was up 5.24% to HK$261, with a turnover of HK$1.142 billion.

Catalysts Behind the Move

This follows the company's recent release of an investor relations activity summary. The company disclosed it is fully advancing its capacity expansion, with progress leading the industry. The first-phase upgrade of the A1 building at its Thailand factory was completed in March 2025, with good capacity utilization. The second-phase high-end capacity has passed customer factory audits and certification, and has begun producing validation boards for AI products, with some part numbers already verified. The main structure of the A2 building was topped out in the second quarter.

Analyst Perspective

An analysis pointed out that the company has achieved mass production of multiple high-end products in key areas such as AI computing power, data centers, and high-performance computing. This has driven an upgrade in the product mix towards higher-value and more technologically complex offerings, significantly increasing the proportion of high-end products and fueling rapid growth in the company's performance. The outlook remains positive, with expectations for continued benefits from the AI development wave.