On July 28, VGT fell 5.44% in regular trading, trading at HK$215.8/share, with turnover of HK$48.92 million.

On the news front, the PCB sector extended its recent downturn with a broad-based sell-off. Peer KB Laminates dropped 11.3% and Kingboard Holdings fell 7.88%, as overcapacity risks from concentrated capacity releases and interim earnings realization pressure continued to suppress sector valuations.

On the fund flow side, the electronics industry recorded the highest net margin repayment among all sectors over the past week, reaching RMB 50.683 billion. VGT itself saw over RMB 2 billion in net margin repayment, ranking first among individual stocks, signaling accelerating leveraged capital withdrawal. Previously, J.P. Morgan reiterated its Overweight rating but cut its target price from HK$600 to HK$500 and lowered earnings forecasts by 5-13% to reflect delayed PCB project mass production timelines and potential Kyber postponement impacts.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)