HK Stock Market Move | CONANT OPTICAL (02276) surged over 7% in the afternoon. It will announce its mid-term results after the market closes. Citigroup expects a unit growth in revenue for the first half of the year.

CONANT OPTICAL (02276) surged over 7% in the afternoon. As of the time of writing, it is up by 6.38%, trading at HKD 40.7, with a transaction volume of HKD 73.8819 million. In terms of news, CONANT OPTICAL intends to hold a board meeting on August 17 to approve its interim performance. Citigroup anticipates that the companys revenue in the first half of the year will show single-digit growth, with a projected annual increase of 10% to 15% in the second half, and an expected net profit growth of 20% to 25% for the entire year. Short-term catalysts include the announcement of the interim results at the end of August, the Meta Connect event in late September, and the potential launch of the next-generation Meta Display Glass smart glasses. Zheshang has indicated that it expects the company's net profit attributable to the parent from its core business to be CNY 670 million and CNY 770 million for 2026-2027, with profits from smart glasses projected at CNY 60 million and CNY 200 million. The key future catalysts will focus on the Q4 performance of the second-generation Meta Rayban Display sales, Apples new AI glasses expected in 2027, and the volume situation with other potential major clients. The rating is maintained at "Buy."