HK Stock Market Move | CONANT OPTICAL (02276) rose more than 4% in the morning. Several leading technology companies are expected to mass produce a variety of AI glasses this year.

CONANT OPTICAL (02276) rose more than 4% in the morning. As of the time of writing, it has risen by 4.58% to 64 Hong Kong dollars, with a turnover of 364.786 million Hong Kong dollars. On the news front, CONANT OPTICAL recently announced plans to issue 27 million shares for a net amount of around 1.4 billion Hong Kong dollars. Hua Chuang Securities believes that this placement is not due to tight cash flow, but rather a proactive and forward-looking move by the company to reserve capital for future capital expenditures and capacity expansion over the next 2-3 years; the company has already cooperated with several top 3C industry leaders to lay out smart glasses, with promising growth prospects. China Securities Co., Ltd. released a research report stating that in September 2023, Meta will usher in the era of AI glasses, with the industry entering a period of product outbreak in 2025. It is expected that companies like Google will also gradually launch AI glasses products between 2026-2027. Northeast also stated that Meta and Alibaba are actively laying out AI+AR glasses, with multiple leading technology companies expected to mass-produce a variety of AI glasses in 2026.