HK Stock Market Move | PLOVER BAY TECH (01523) rose nearly 4% in early trading, with company profits for the past 25 years surpassing market expectations. The company plans to launch a new product called Starlink application.

PLOVER BAY TECH (01523) rose nearly 4% in the morning session, and as of press time, it has risen 2.66% to HK$8.88, with a turnover of HK$81.178 million. On the news front, on February 26th, PLOVER BAY TECH released its annual performance for the year ending December 31, 2025. The company recorded revenue of US$130 million, an increase of 11.43% year-on-year; the net profit attributable to the parent company's owners was US$45.466 million, an increase of 19.5% year-on-year; and basic earnings per share were 4.12 US cents. The announcement stated that the company is investing in SpeedFusion Connect infrastructure globally and preparing to launch new products designed specifically for Starlink applications. Dahua Jixian released a research report stating that PLOVER BAY TECH's full-year net profit for 2025 increased by 19.5% year-on-year to US$45.466 million, exceeding the bank's expectations by 4%, mainly driven by higher gross margin and stronger-than-expected operational leverage. The company previously announced that it is seeking to spin off its wholly-owned subsidiary, Peplink Holdings, and list it independently on the Nasdaq. The bank expects the company to continue focusing on expanding its products in the future, while maintaining strict cost control in the medium to long term.