On June 22, Cambridge Technology rose 7.63% in regular trading, trading at HK$147.6/share, with turnover of HK$96.55 million.
On the news front, the optical communications sector has been strengthening broadly, with AI computing iteration driving surging demand for 800G/1.6T optical modules. As a global top-ten optical module manufacturer, the company has achieved 800G mass production and 1.6T accelerated penetration, while reporting Q1 net profit growth of 276.44% year-over-year.
The stock previously experienced consecutive declines due to dilution effects from an H-share placement of 15.6 million new shares. After hitting an intraday low of HK$111.3 on June 11, the stock entered an oversold recovery channel. Additionally, the company granted 3.9985 million stock options to 1,056 core employees with an exercise price of RMB113.71, binding talent and establishing clear performance targets for the coming years, further bolstering market confidence.
(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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