HK Stock Market Move | Plover Bay Tech (01523) closes up more than 5% at the end of the day with a 13.4% year-on-year increase in mid-term net profit. Its subsidiary brand had previously reached a partnership agreement with Starlink.

PLOVER BAY TECH (01523) rose over 5% at the close of trading, rising 5.86% as of press time to 7.05 Hong Kong dollars, with a turnover of 24.95 million Hong Kong dollars. In terms of news, PLOVER BAY TECH announced that for the six-month period ending June 30, 2025, its revenue was approximately 62.943 million US dollars, an increase of about 9.9% year-on-year. During the interim period, the attributable profit of the parent company was approximately 21.665 million US dollars, an increase of about 13.4% year-on-year; basic earnings per share were approximately 1.96 US cents, and the company will distribute an interim dividend of 12.34 Hong Kong cents per share on August 26. It is worth noting that in January 2024, Peplink announced an agreement with SpaceX's Starlink to become the first authorized technical service provider to integrate Starlink terminals with Peplink SD-WAN routers. This is aimed at addressing the challenges faced by mobile, maritime, and remote businesses in accessing reliable, fast, and cost-effective internet services. This solution is first applied to the cruise industry, significantly reducing operating costs. Peplink is a key brand of PLOVER BAY TECH.