On June 15, Sunny Optical Technology rose 3.7% in regular trading, trading at HK$75.0/share, with turnover of HK$279 million. The stock rebounded as the broader optical communications concept sector surged.
On the news front, the optical communications sector saw widespread gains, with Xzhi Technology-P up 15.14%, FIT Hon Teng up 8.56%, and Cambridge Technology up 7.68%. Institutions noted that recent sector pullbacks do not alter the fundamentally positive industry trajectory, and remain optimistic on the optical communications and CPO/NPO supply chain outlook. Additionally, Sunny Optical's micro-nano optical technology is expected to penetrate the AI data center high-speed optical interconnect segment, with micro-lens and fiber coupling components already in the sampling phase and volume supply anticipated for next year, opening new valuation upside.
The stock had previously declined over 13% from its highs after reports that a major client would cut smartphone component procurement by approximately 30% and lower second-half handset shipment forecasts. Today's move represents a technical recovery following that sustained selloff.
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