On July 22, Victory Giant Technology rose 4.04% in regular trading, trading at approximately 237.2 HKD/share, with turnover of 2.11 billion HKD. The stock rebounded after a prolonged selloff driven by unsubstantiated rumors regarding product quality and client relationships.

On the news front, JPMorgan published a research note reiterating its Overweight rating on the company, lowering its H-share target price from 600 HKD to 500 HKD while stating that investors have overreacted to short-term headwinds. The bank trimmed FY2026-2028 earnings estimates by 5-13% to reflect slightly delayed PCB project mass production timelines and potential impacts from the Kyber platform delay, but emphasized that high-quality capacity expansion remains the key determinant of market share over the next two to three years.

Simultaneously, the broader PCB sector continued its recovery, with copper-clad laminate and upstream electronic cloth prices rising in tandem. The company also announced a restricted share incentive scheme covering up to 1,545 employees and an employee stock ownership plan raising up to 700 million yuan, signaling management confidence in medium-term growth.

(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.)