Victory Giant Technology (Huizhou) Co. has started gauging investor interest for a Hong Kong listing, according to people familiar with the matter, getting the ball rolling for what may be among the city’s largest deals this year. The Chinese company, which already trades in Shenzhen, is aiming to raise more than $2 billion in a listing as soon as April, people familiar with the matter have said ,...
Victory Giant Technology (Huizhou) Co. has started gauging investor interest for a Hong Kong listing, according to people familiar with the matter, getting the ball rolling for what may be among the city’s largest deals this year. The Chinese company, which already trades in Shenzhen, is aiming to raise more than $2 billion in a listing as soon as April, people familiar with the matter have said , asking not to be named to discuss a private matter. Victory Giant makes printed circuit board products, the intricate electronic backbone for artificial-intelligence servers. Deliberations, including the size and timing of the deal, are ongoing, the people added. Victory Giant didn’t immediately reply to a request for comment. IFR earlier reported the company had started premarketing the deal. Hong Kong is set to close its best quarter in five years for new listings, but the deal flow now faces snags that have emerged in recent weeks. The mood has soured as regulators warned over staff shortages and the quality of paperwork, Beijing rolled out restrictions on some Chinese companies seeking Hong Kong initial public offerings and the war in Iran rattled the market. Victory Giant had 19.3 billion yuan ($2.8 billion) in revenue in 2025. The Shenzhen-listed shares of the company, which was founded in 2006, have tripled over the past year. Delton Technology Guangzhou Inc., which also makes circuit boards, this month raised HK$3.3 billion ($422 million) in a Hong Kong listing. Its shares have since gained 40%.
Until late February, the widely followed Dow Jones Industrial Average (DJINDICES: ^DJI) , broad-based S&P 500 (SNPINDEX: ^GSPC) , and growth-stock-dominated Nasdaq Composite (NASDAQINDEX: ^IXIC) had been virtually unstoppable. A bull market that's extended into its fourth year (for the Dow and S&P 500) has seen the S&P 500 briefly top 7,000, the Nasdaq eclipse 24,000, and the Dow touch 50,000. But...
Until late February, the widely followed Dow Jones Industrial Average (DJINDICES: ^DJI) , broad-based S&P 500 (SNPINDEX: ^GSPC) , and growth-stock-dominated Nasdaq Composite (NASDAQINDEX: ^IXIC) had been virtually unstoppable. A bull market that's extended into its fourth year (for the Dow and S&P 500) has seen the S&P 500 briefly top 7,000, the Nasdaq eclipse 24,000, and the Dow touch 50,000. But Wall Street's bull market rally may be more precarious than investors realize. Although headwinds are always threatening to drag down equities, there's arguably no greater risk for stocks right now than inflation-based uncertainty caused by the Iran war. Fed Chair Jerome Powell and members of the Federal Open Market Committee are in a precarious position regarding inflation. Image source: Official Federal Reserve Photo. Continue reading
owngarden/iStock via Getty Images Investment summary My previous investment thought on Argan, Inc. ( AGX ) was a buy rating because the backlog visibility was solid, the business still has a very strong balance sheet to fund this growth, and I didn't think the Q3 revenue decline was structural. Firstly, Q4 2026 showed that the Q3 revenue decline was mostly timing, as growth returned across all thr...
owngarden/iStock via Getty Images Investment summary My previous investment thought on Argan, Inc. ( AGX ) was a buy rating because the backlog visibility was solid, the business still has a very strong balance sheet to fund this growth, and I didn't think the Q3 revenue decline was structural. Firstly, Q4 2026 showed that the Q3 revenue decline was mostly timing, as growth returned across all three segments and profitability improved sharply. More importantly, AGX still has a very healthy $2.9 billion backlog that is fully committed by customers and should convert into revenue over the next 3+ years. With demand for new gas-fired power plants still strong and margin mix improving, I continue to see AGX as a buy. 4Q26 results update I don't think there are any complaints to be seen in this quarter . Revenue saw $262.1 million, up 12.7% y/y, with the growth coming from all three business segments. Power revenue saw $204 million, industrial revenue saw $53 million, and Teledata saw revenue of $5 million. The higher gas plant pricings are also starting to show up in margins. At the gross profit line, consolidated gross profit came in at $65.6 million (25% margin, up from 20.5% last year); and by segments, gross margins in Q4 2026 were 29% for Power, 11% for Industrial, and 14.2% for Teledata. Below gross profit, there was a slight inch up in SG&A expense as a percentage of revenue, from 6.4% last year to 6.8%, which was $17.9 million, but overall adj. EBITDA grew to $56 million, and EBITDA margin jumped to 21.4% from 16.9%. Growth setup is attractive An important point this quarter is that AGX has basically confirmed that the softer Q3 revenue was just timing. As you can see, Q4 2026 returned to double-digit revenue growth, and it was driven by organic means: the recently awarded Power projects started to ramp up while Trumbull continued to contribute. More importantly, AGX's backlog remains very healthy at $2.9 billion (was $3 billion in Q3 2026). Note that this backl...
A couple of years ago, everyone wanted to get in on artificial intelligence (AI) stocks. These players roared higher week after week as companies spoke of the technology's potential -- and in some cases, even started delivering spectacular revenue growth. AI companies continue to deliver fantastic growth, but in recent times, investors have cooled on this investment theme. Why the change? Investor...
A couple of years ago, everyone wanted to get in on artificial intelligence (AI) stocks. These players roared higher week after week as companies spoke of the technology's potential -- and in some cases, even started delivering spectacular revenue growth. AI companies continue to deliver fantastic growth, but in recent times, investors have cooled on this investment theme. Why the change? Investors have worried about the high AI spending levels, and general economic and geopolitical concerns have also weighed on sentiment. But it's important to remember that the long-term AI growth story remains intact: Demand for AI products and services continues to march on, and the technology is delivering results for many companies that apply it to their needs. Two stocks that are benefiting and should continue to benefit are Broadcom (NASDAQ: AVGO) and Oracle (NYSE: ORCL) . But which one makes the better AI growth buy today? Let's find out. Continue reading
Why SLB’s expanded NVIDIA partnership matters for shareholders SLB (SLB) stock is back in focus after the company expanded its collaboration with NVIDIA to design and deploy AI infrastructure and models tailored specifically for energy sector data and operations. The refreshed agreement puts SLB at the center of NVIDIA DSX AI factory design, while also advancing an AI Factory for Energy concept th...
Why SLB’s expanded NVIDIA partnership matters for shareholders SLB (SLB) stock is back in focus after the company expanded its collaboration with NVIDIA to design and deploy AI infrastructure and models tailored specifically for energy sector data and operations. The refreshed agreement puts SLB at the center of NVIDIA DSX AI factory design, while also advancing an AI Factory for Energy concept that runs on SLB’s existing digital platforms for customers. See our latest analysis for...
“Aquaman” star Jason Momoa has revealed he was forced to evacuate his family’s Hawaii home after a dangerous storm caused some of the worst flooding in 20 years.
“Aquaman” star Jason Momoa has revealed he was forced to evacuate his family’s Hawaii home after a dangerous storm caused some of the worst flooding in 20 years.