HK Stock Market Move | PUTIAN COMM (01720) has surged over 36%, with a projected increase in net profit for the first half of up to 480%. Revenue from the sales of optical fibers and optical cables has increased.

PUTIAN COMM (01720) has surged over 36%. As of the time of writing, it is up 36.07%, priced at HK$0.415, with a trading volume of HK$3.0936 million. On the news front, PUTIAN COMM has issued a positive profit forecast, expecting approximately RMB 40 million to 45 million in profit attributable to owners for the six months ending June 30, 2026, representing an increase of about 410% to 480% compared to RMB 7.8 million for the same period in 2025. This growth is primarily attributed to increased sales revenue from fiber optics and optical cables. The company stated that, benefiting from the accelerated global deployment of artificial intelligence computing infrastructure, there has been a surge in domestic and international demand for fiber optics and optical cables, driving a significant increase in performance.