HK Stock Market Move | TRIGIANT (01300) surges over 9% again; acquisition of Qinghai Zhongli expected to complete the Group's "optical preform-optical fiber-optical cable" industry chain layout.

TRIGIANT (01300) closed up 47% yesterday and rose more than 9% in early trading today. As of press time, it was up 3.36% at HK$3.075, with a turnover of HK$22.9371 million. On the news front, on September 11, TRIGIANT announced a proposed acquisition of 100% equity in Qinghai Zhongli Optical Fiber Technology Co., Ltd. for RMB 455 million. Public information shows that the target company is the only high-tech enterprise in western China integrating the R&D and production of optical fiber preforms and optical fibers. It possesses complete sets of commercial OVD axial deposition equipment from the U.S. company ASI and national-level specialized and sophisticated "little giant" qualifications, and its products have obtained certifications from the three major telecom operators and CTTL. EB SECURITIES pointed out that the target company has strong optical preform & optical fiber production capacity and can quickly capture fiber demand from data centers; optical fiber prices continue to rise, and the rigid expansion of optical preform capacity locks in the supply-demand gap, with attention on leading manufacturers with integrated preform-fiber-cable production capacity; if this acquisition is successfully completed, it is expected to complete the Group's "optical preform-optical fiber-optical cable" industry chain layout and open up incremental space for AI computing power-related optical fiber products.