TRIGIANT Shares Surge Over 10% in Morning Session as Company Expands Global Presence and Fiber Optic Cable Operations

Deep News
Jun 05

Shares of TRIGIANT (HKEX: 01300) experienced a significant rally during the morning trading session, climbing more than 14% at one point.

At the time of writing, the stock is up 10.36%, trading at HK$4.58 with a turnover of HK$49.325 million.

In May of this year, the company announced that its subsidiary, Jiangsu Trigiant Technology, had achieved a key technological breakthrough in its core feeder cable products.

Through overseas cooperation channels, the company has entered the core supply chain of a global top-tier data storage leader.

The related products will support the client's large-scale deployment in the AIDC intelligent computing center sector.

The initial order for this collaboration has been officially secured and is scheduled for delivery within the same month, with substantial room for future expansion.

Public information indicates that TRIGIANT is one of China's leading manufacturers involved in the research, development, and sales of feeder cable series, optical cable series and related products, flame-retardant flexible cable series, and new electronic components and accessories used for mobile communications and telecom transmission.

The company has previously stated its strategy to actively explore overseas markets while maintaining stability in its domestic operations.

It is also committed to vigorously expanding its fiber optic cable business segment.

By enhancing its industrial chain layout, solidifying its business foundation, concentrating superior resources, and deepening its focus on core industry sectors, the company aims to further consolidate and improve its market competitiveness.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10