HK Stock Market Move | TSUGAMI CHINA (01651) rose more than 8% in the afternoon, and the performance in the second half of the fiscal year continued to accelerate. AIDC has become the driver of performance growth.

TSUGAMI CHINA (01651) rose more than 8% in the afternoon, rising 8.35% as of the deadline, to HK$57.1 with a turnover of HK$54.65 million. On the news front, TSUGAMI CHINA released its full-year performance for 2026 until the end of March, with revenue of approximately 5.184 billion yuan, a year-on-year increase of 21.6%; net profit reached 1.094 billion yuan, a year-on-year increase of 39.9%. Data shows that TSUGAMI CHINA's revenue in the second half of 2026 was 2.687 billion yuan, an increase of 17.6% year-on-year, and an additional 7.6% compared to the historical high in the first half of the fiscal year. Daiwa Securities released a research report stating that TSUGAMI CHINA is one of the key beneficiaries of machine tools in AI infrastructure investment. The demand for AI liquid-cooled quick detachable joints remains strong, with management stating that orders for the fiscal year 2026 have reached around 1,000 units, and are expected to double in the fiscal year 2027, mainly driven by deployments related to Nvidia GB300. The bank reiterated a "buy" rating on TSUGAMI CHINA and raised the target price from HK$77 to HK$80.