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PANGAEA CONNECT (01473.HK) Once Surges 55% in Afternoon on Volume Spike as Optical Connectivity Demand Boosts Contracts in Hand Beyond USD1 billion
2026-06-30 13:19:21 PANGAEA CONNECT (01473.HK) opened down 1.6% today (30th) before reversing higher. The stock once surged 54.8% in the afternoon session to a near one-month high of HKD1.95, and is now trading at HKD1.8, up 42.86%, with trading volume sharply increasing to 13.384 million shares, involving HKD22.9438 million in turnover. The company disclosed at noon that, driven by the rapid growth of the global artificial intelligence (AI) market and strong demand for advanced optical connectivity solutions, the group has recently secured a substantial number of sales contracts. As of today (30th), the total value of all sales contracts in hand has exceeded USD1 billion. Most of the related sales orders came from leading global manufacturers in the industry, mainly involving 200Gb/s indium phosphide (InP) photodiodes, with applications including 800G/1.6T transceivers used for AI data centers and next-generation AI infrastructure. The group stated that it will continue to strengthen its strategic position in high-growth sectors including high-performance AI data infrastructure, advanced semiconductor laser processing and early-stage Wi-Fi 8 deployment. AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |