HK Stock Market Move | MOBVISTA(01860) rose nearly 7% in early trading; AI Infra upgrades are expected to further improve algorithm efficiency.

MOBVISTA(01860) rose nearly 7% in early trading. As of press time, it was up 5.89% at HK$13.31, with a turnover of HK$80.804 million. On the news front, MOBVISTA is expected to launch its next-generation GPU-centric AI Infra in October 2026, further enhancing complex model training and real-time inference capabilities, and supporting the large-scale application of the IAP ROAS model in mid-to-hardcore gaming scenarios. In addition, MOBVISTA has repurchased shares for two consecutive days, totaling 530,000 shares, with a cumulative repurchase amount of HK$6.6389 million. Shenwan Hongyuan Group stated that the company is currently still in a phase of relatively high R&D investment, and the buildout of AI Infra is weighing on operating leverage in the short term; however, as the infrastructure gradually matures, more complex models go live, and smart bidding effectiveness improves, traffic acquisition and monetization efficiency are expected to improve further. The company's quarterly gross margin has risen from approximately 19% in early 2023 to approximately 22% in 2026Q2, and its adjusted net margin has also improved significantly. Subsequent revenue scale expansion is expected to translate more into profit growth.