On September 23, VGT rose 3.23% in regular trading, trading at 223.6 HKD/share, with turnover of HKD 124 million. The stock rebounded following a confluence of positive catalysts around order momentum and industry-wide pricing tailwinds.

On the news front, VGT recently disclosed that its Huizhou mSAP workshop maintains full order backlog with healthy capacity utilization, currently serving 1.6T optical module production demand. Expansion is progressing on multiple fronts: Factory 4 has entered the capacity release phase in the second half, while the Thailand plant's Phase 2 high-end line has passed multiple client audits and commenced production of AI verification boards. The company also acquired the OCT (Huizhou) Industrial Park site, planning to build additional mSAP and HDI high-end PCB capacity.

Meanwhile, multiple institutional research reports noted that upstream raw material prices continue to rise, prompting PCB manufacturers to initiate repricing. Analysts expect Q3 to mark the inflection point for sector profit improvement, supported by AI new product shipments and margin recovery. VGT's A-share surged 9.23% on September 21 with turnover doubling, reflecting robust cross-market sentiment.

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