On June 5, Cambridge Technology rose 3.18% in regular trading, trading at 143.5 HKD/share, with trading volume of HKD 421 million.
On the news front, the company completed the placement of 15.6 million new H-shares on June 4 at a price of HKD 126.66 per share, raising approximately HKD 1.976 billion. The successful completion of the placement eliminated short-term uncertainty that had weighed on the stock. The previous session saw the stock decline 5.07% due to consecutive large sell orders and dilution concerns related to the placement, with the resolution of selling pressure now enabling a price recovery.
From a fundamental perspective, the company's 800G silicon photonics modules have achieved batch delivery to North American clients, and its 1.6T products have entered mass production. The company reported Q1 revenue of RMB 1.287 billion, up 43.98% year-over-year, with net profit surging 276.44% to RMB 118 million, underscoring strong underlying business momentum in the high-speed optical module segment.
(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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