According to Zhitong Finance APP, 康耐特光学 (02276) rose more than 7%, up 6.95% as of the time of publication, priced at 22.3 HKD, with a transaction volume of 9.3342 million HKD.

In news, 康耐特光学 recently announced the proposed placement of 53.325 million shares, accounting for about 11.11% of the expanded share capital, at a price of 15.86 HKD per share, representing a discount of about 19.98% from last Friday's closing price. It is expected to raise approximately 0.828 billion HKD, which will be used for the research, design, and manufacturing of lenses and visual solutions aimed at smart glasses and XR headset devices. 康耐特光学 believes that the placement will broaden the company’s shareholder and capital base, enhance the strategic relationship with Goertek Inc., and create more business development opportunities and collaboration opportunities with Goertek Inc.

GTJA pointed out that the company is actively laying out the smart glasses business and will benefit from the accelerated development of the Industry. AI smart glasses are the best Hardware carrier for AI implementation, and the Industry is entering a period of rapid development, with the company’s cooperation activities being smooth and will first benefit. Cinda Securities noted that the proportion of 康耐特 high-end products is increasing, with its own brand growing rapidly and production capacity in Thailand steadily expanding. The company’s standardized lens gross margin is over 30%, and the proportion of high refractive index product shipments is increasing, with customized lens gross margin around 60%. As the proportion of customized products increases in the future, the overall gross margin is expected to continue to optimize.