Core Viewpoint - Changfei Fiber Optics (06869) has rebounded over 9%, with a current price of HKD 40.8 and a trading volume of HKD 959 million, indicating market optimism despite concerns about growth limitations [1] Company Analysis - Huatai Securities believes that the construction of AI computing infrastructure is expected to drive a new growth phase for Changfei Fiber Optics, countering market perceptions of limited growth potential [1] - In the optical transmission sector, products such as multimode fiber for data centers and G.654.E backbone fiber are experiencing rapid growth, positioning the company as a leader in advancing long-distance transmission networks and data communication applications [1] - The company is leveraging its first-mover advantage and diversifying its operations, with subsidiaries Changxin Bochuang and Changxin Sheng showing strong competitive advantages in MPO, AOC, and high-speed copper cable sectors, which may accelerate the onboarding of overseas clients and boost business volume [1] Market Conditions - Notably, Changfei Fiber Optics is set to hold a board meeting on October 30 to approve its third-quarter performance [1] - Nomura's previous report indicated that recent fiber optic tender results from China Mobile show a decline in market share and average selling prices for Changfei Fiber, which may exert pressure on profitability starting from the third quarter of this year [1]

Core Viewpoint - Changfei Fiber Optics (06869) has rebounded over 9%, currently up 8.34% at HKD 40.8, with a trading volume of HKD 959 million. Market sentiment suggests limited growth potential for the company, but Haitong Securities believes that AI infrastructure development could drive a new growth phase for the company [1] Group 1: Market Performance - Changfei Fiber Optics' stock has shown a significant rebound, with a current increase of 8.34% [1] - The trading volume reached HKD 959 million, indicating strong market interest [1] Group 2: Growth Drivers - Haitong Securities highlights that the growth in AI computing infrastructure could lead to new opportunities for Changfei Fiber Optics [1] - In the optical transmission sector, there is rapid growth in multimode fiber for data centers and G.654.E fiber products for backbone networks [1] - The company is advancing in long-distance transmission networks and data communication applications, leveraging its first-mover advantage [1] Group 3: Diversification and Competitive Advantage - Changfei Fiber Optics is diversifying its growth avenues through subsidiaries Changxin Bochuang and Changxin Sheng, which have strong competitive advantages in MPO, AOC, and high-speed copper cable sectors [1] - This diversification is expected to accelerate the introduction of overseas clients and increase business volume [1] Group 4: Market Challenges - Notably, a board meeting is scheduled for October 30 to approve the third-quarter results [1] - Nomura's report indicates that recent fiber optic tender results from China Mobile show a decline in market share and average selling prices for Changfei Fiber Optics, which may pressure profitability starting from the third quarter [1]