HK Stock Market Move | SOUTH CHINA COMM(01617) surged more than 60%, accumulating a total increase of over 380% this year. The company stated that it will expand into non-operator and overseas markets.

NANFANG COMM (01617) surged more than 60%, with a year-to-date increase of over 380%. As of the time of writing, it has increased by 60% to 0.48 Hong Kong dollars, with a trading volume of 475.318 million Hong Kong dollars. Public information shows that NANFANG COMM is a fiber optic cable supplier. In its mid-year report for the 25th year, the company stated that it will continue to deepen cooperation with operators, strengthen its core markets, and closely follow the construction plans of operators in 5G, gigabit optical networks, 800G/1.6T backbone networks, and data center interconnection (DCI) to ensure maintaining and expanding market share in operator group procurement bidding. It will also vigorously expand in non-operator and overseas markets, increase investment in non-operator markets such as data centers, industrial Internet, and enterprise dedicated networks.