NVIDIA Alignment, AI Growth & SGX Upside – KGI Outperform Rating & Price Target Explained – Minichart
Excerpt from KGI Securities (Singapore) Pte. Ltd. report.
Report Summary
- PC Partner Group Ltd, a leading manufacturer of graphics cards (notably under the ZOTAC, Inno3D, and Manli brands), has seen its growth trajectory restored by the NVIDIA RTX 50 “Blackwell” GPU cycle, with robust earnings recovery and strong own-brand sales momentum.
- Strategic relocation of headquarters to Singapore, SGX secondary listing, and a new plant in Indonesia (Batam) have enhanced operational flexibility, reduced exposure to China-specific risks (including tariffs/export controls), and improved market access.
- The company is expanding beyond gaming GPUs into AI-related computing, GPU servers, and specialty PCs, leveraging its strong…
