Core Viewpoint - The report from GF Securities indicates a significant increase in the price of G.652.D single-mode optical fibers in the Chinese market, with projections suggesting prices will exceed 40 yuan per core kilometer by January 2026, marking a seven-year high [1] Industry Summary - As of the report date, shares of Changfei Optical Fiber and Cable (06869.HK) rose by 10.42%, Huiju Technology (01729.HK) increased by 6.49%, and Cambridge Technology (06166.HK) saw a rise of 2.33% [1] - The average price of G.652.D single-mode optical fibers is expected to surpass 40 yuan per core kilometer, with some manufacturers quoting prices as high as 50 yuan per core kilometer [1] - In January, the market price for single-mode optical fibers experienced a month-on-month increase of over 75% [1]

Core Viewpoint - The optical communication sector is experiencing significant stock price increases, driven by strong capital expenditure growth from North American CSPs and a refutation of supply chain rumors by Zhongji Xuchuang [1] Group 1: Stock Performance - Hongteng Precision (06088) rose by 10.49%, trading at 6.32 HKD - Changfei Fiber Optic Cable (06869) increased by 9.95%, trading at 118.2 HKD - Huiju Technology (01729) saw a rise of 7.3%, trading at 18.51 HKD - Cambridge Technology (06166) grew by 2.91%, trading at 70.75 HKD [1] Group 2: Market Rumors and Responses - Recent rumors suggested that overseas CSP clients are attempting a new supply chain model, bypassing optical module assembly factories to order directly from upstream chip manufacturers like Lumentum [1] - Zhongji Xuchuang publicly denied these rumors, stating that there is no situation of clients directly ordering from the company while bypassing intermediaries [1] Group 3: Capital Expenditure Insights - A report from CITIC Securities indicates that four North American CSPs announced strong capital expenditure growth for Q4 2025 - During earnings calls, these companies expressed a strong demand for AI and noted a tight supply of computing power - Companies like Amazon, Google, and Meta provided optimistic capital expenditure guidance for 2026, exceeding market expectations - CITIC Securities believes that the industry is still in the early stages of AI development, and that the construction of computing infrastructure is appropriately ahead of demand, maintaining a positive outlook on the overseas AI computing chain [1]

Group 1 - MSCI announced its quarterly index adjustments for February 2026, effective after the market close on February 27 [2][3] - The MSCI Global Small Cap Index will include 21 new stocks from the China region, such as Anjuke Food (603345), AutoHome (ATHM.US), and Baiaosaitu (02315) [2][3] - The adjustments also include the addition of stocks from Hong Kong, such as Champion REIT (02778) and Longjiang Life Science Technology (00755) [3][4] Group 2 - Stocks removed from the MSCI Global Small Cap Index include Yasheng Service (03319), BOE Technology Group (00710), and Chaince Digital (CD.US) [2][3] - In Hong Kong, stocks like Cafe de Coral (00341) and SuperX AI (SUPX.US) were also removed from the index [4]

9 February 2026 | 9:19AM HKT Equity Research GC Tech: CIG (603083.SS) Mgmt. visit: SiPh in expansion; CW laser supply secured for 2026; LPO, NPO progress on track We visited CIG (603083.SS, NC) management in Hong Kong on Jan 22. Management's positive tone echoes our positive view on SiPh optical modules: (1) AI servers ramp up with growing ASIC driving high-speed networking demand: As we highlighted in Jan (report link), we expect global AI servers shipment implied AI chips to increase by 49% / 31% YoY in 2 ...

Core Viewpoint - The optical communication sector in the Hong Kong stock market is experiencing significant gains, with multiple companies showing strong stock price increases on February 9. Group 1: Company Performance - Changfei Fiber Optics (06869.HK) saw a stock price increase of 16.3%, reaching HKD 105.6 [1] - Hong Teng Precision (06088.HK) rose by 9.89%, with a stock price of HKD 5.22 [1] - Huiju Technology (01729.HK) experienced a 7.95% increase, trading at HKD 17.66 [1] - Cambridge Technology (06166.HK) increased by 6.47%, with a stock price of HKD 73.25 [1]

光通信概念持续走强，截至发稿，长飞光纤（601869）光缆(06869)涨16.3%，报105.6港元；鸿腾精密 (06088)涨9.89%，报5.22港元；汇聚科技(01729)涨7.95%，报17.66港元；剑桥科技（603083）(06166)涨 6.47%，报73.25港元。 中信建投（601066）研报指出，2026年AI算力需求旺盛，北美CSP资本开支依旧乐观。继续看好AI算力 产业链，特别是业绩能见度较高的光模块产业链。此外，光纤光缆行业已从复苏转向量价齐升阶段，继 续推荐。中信证券认为，在技术快速演进的过程中，行业龙头依托技术积淀与创新能力，将持续巩固技 术领先优势并引领产业升级方向，重点推荐国内外光通信龙头。维持通信行业"强于大市"评级。 消息面上，近期Meta、亚马逊、谷歌和微软公布了最新财报，显示它们今年的资本支出总额可能达到 6600亿美元。基于此，英伟达首席执行官黄仁勋近期表示，科技行业在人工智能基础设施上激增的资本 支出是合理、适当和可持续的。黄仁勋还称AI基础设施建设仍处于早期阶段，未来几年内需求将持续 旺盛。此外，工信部发布《关于开展国家算力互联互通节点建设工作的通知》，面向国 ...

Group 1 - The optical communication sector is experiencing strong growth, with notable stock price increases for companies such as Changfei Fiber Optics (up 16.3%), Hong Teng Precision (up 9.89%), Huiju Technology (up 7.95%), and Cambridge Technology (up 6.47%) [1] - Major tech companies including Meta, Amazon, Google, and Microsoft are projected to have a total capital expenditure of $660 billion this year, indicating robust investment in AI infrastructure [1] - Nvidia's CEO Jensen Huang stated that the surge in capital expenditure for AI infrastructure in the tech industry is reasonable, appropriate, and sustainable, with demand expected to remain strong in the coming years [1] Group 2 - CITIC Securities reports that by 2026, AI computing power demand will be strong, and North American CSP capital expenditure remains optimistic, particularly for the optical module industry chain [2] - The optical fiber and cable industry has transitioned from recovery to a phase of simultaneous volume and price growth, with continued recommendations for investment [2] - Industry leaders are expected to maintain their technological advantages and lead the direction of industry upgrades due to rapid technological advancements [2]

配发结果公告显示，剑桥科技的基石投资者为霸菱、MSIP（摩根士丹利）、HCEP（红杉二 级）、Arc Avenue、奇点资产、图灵、Cithara Fund、3W Fund、Schonfeld、Infini、Alpine、 DAMSIMF、Aqua Ocean、Martis、泰康人寿、工银理财。 中国经济网北京2月6日讯 剑桥科技（06166.HK）港股今日收报68.80港元，跌幅3.843%，今日盘 中最低价68.35港元，创上市以来最低价。 剑桥科技2025年10月28日在港交所上市。配发结果公告显示，剑桥科技全球发售项下发售股份数 目67,010,500股H股（视乎超额配股权行使与否而定），香港发售股份数目6,701,050股H股，国际发售 股份数目60,309,450股H股（视乎超额配股权行使与否而定）。 剑桥科技的独家保荐人为国泰君安国际；联席整体协调人、联席全球协调人、联席账簿管理人及联 席牵头经办人为国泰君安国际、中信证券；联席全球协调人、联席账簿管理人及联席牵头经办人为 DBS。 剑桥科技的最终发售价68.88港元，所得款项总额4,615.7百万港元，扣除按发售价计算之估计应付 上市开支135 ...

本文源自：金融界AI电报 港股光通讯概念股涨跌互现，长飞光纤光缆(06869.HK)涨超7%，华虹半导体(01347.HK)涨超1%；汇聚 科技(01729.HK)、剑桥科技(06166.HK)均跌超1%。 ...

中国经济网北京2月5日讯 剑桥科技（06166.HK）港股今日收报71.55港元，跌幅2.653%，今日盘 中最低价71.10港元，创上市以来最低价。 剑桥科技2025年10月28日在港交所上市。配发结果公告显示，剑桥科技全球发售项下发售股份数 目67,010,500股H股（视乎超额配股权行使与否而定），香港发售股份数目6,701,050股H股，国际发售 股份数目60,309,450股H股（视乎超额配股权行使与否而定）。 剑桥科技的独家保荐人为国泰君安国际；联席整体协调人、联席全球协调人、联席账簿管理人及联 席牵头经办人为国泰君安国际、中信证券；联席全球协调人、联席账簿管理人及联席牵头经办人为 DBS。 配发结果公告显示，剑桥科技的基石投资者为霸菱、MSIP（摩根士丹利）、HCEP（红杉二 级）、Arc Avenue、奇点资产、图灵、Cithara Fund、3W Fund、Schonfeld、Infini、Alpine、 DAMSIMF、Aqua Ocean、Martis、泰康人寿、工银理财。 剑桥科技的最终发售价68.88港元，所得款项总额4,615.7百万港元，扣除按发售价计算之估计应付 上市开支135 ...