Optical communication stocks are showing strong momentum, with TIME INTERCON (01729) climbing 14.83% to HK$13.55, LIGENT (09856) gaining 14.69% to HK$22.48, CIG (06166) rising 8.42% to HK$74.7, ZJ INNOLIGHT (03308) advancing 8.34% to HK$785.5, and YOFC (06869) up 7.52% to HK$111.5 as of the time of writing.
On the news front, Anthropic's prospectus filing has recently eased market uncertainty regarding AI commercialization and funding sources. Meanwhile, Meta's common stock forward offering received approximately 5 times oversubscription, indicating that high-quality technology leaders still possess strong fundraising capabilities.
Zhang Yidong, Executive Committee Member and Chief Economist at Haitong International, noted that taking a comprehensive view, if Asian deleveraging comes to an end, concerns over AI hardware ease, and capital expenditure by large technology companies can be supported by earnings and cash returns, the market will meet conditions for a phased rebound.
Huatai Securities believes that optical modules benefit from port speed upgrades and expanding cluster scale, while fiber demand grows with increased scale-up and scale-out connections. Sustained investment is expected to support supply chain orders and performance realization. The optical module and fiber sectors have already undergone a round of bottoming out, and with performance catalysts approaching, leading enterprises present valuation repair opportunities.
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