Movement Alert|Mega Expo Rises 8.45% in Regular Trading, Fiber Optic Supply Shortage and Price Hikes Boost Optical Communication Sector

Market Focus06-22

On June 22, Mega Expo rose 8.45% in regular trading, trading at HK$20.9/share, with turnover of HK$273 million. The stock rallied alongside a broad surge in optical communication names.

On the news front, fiber optic supplier Fujikura announced a 30% price hike on DCI interconnect cables due to surging demand from North American AI data centers, while significantly raising its earnings guidance. Corning similarly faces delivery pressure and plans to expand fiber production capacity dedicated to NVIDIA. Analysts noted that global fiber supply shortages are expected to persist, with price increases likely becoming an industry consensus. The sector saw strong gains, with YOFC surging 21% and multiple optical communication peers rallying in tandem.

Additionally, the broader computing power supply chain remains buoyant following NVIDIA's announcement of VeraRubin and CPO switch Spectrum-X entering mass production, alongside Alphabet and SoftBank scaling up data center investments. Mega Expo's current share price has recovered near its earlier placement price of HK$21.00, with prior placement selling pressure largely absorbed.

(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.)

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