HKG:1473

2 stories mentioning HKG:1473Updated 1h ago

Every FINWIRES story that references HKG:1473, newest first.

Pangaea Connectivity Technology's Revenue Balloons 68% in April-July

Pangaea Connectivity Technology's (HKG:1473) revenue for the four months ended July 31 surged 68% to HK$1.19 billion from HK$703.4 million a year prior, driven by multiple factors.The company's value of sales contracts on hand rose to around $1.15 billion as of July 31, amid growth in global AI-related demand, according to a Monday Hong Kong bourse filing.The group has also developed a new source of business relating to different models of high power industrial laser equipment for 1.6T/3.2T PCB high-precision processing.The connectivity product producer obtained new orders for the equipment from an industrial laser equipment manufacturer.

HKG:1473

Asia87d ago

Pangaea Connectivity Flags Up to 50% Rise in Fiscal 2026 Profit; Shares Fall 19%

Pangaea Connectivity Technology (HKG:1473) expects net profit for the year ended March 31 to increase 30% to 50% from HK$30.5 million a year earlier, according to a Thursday Hong Kong bourse filing.Shares of the firm were down nearly 19% in late-morning trade on Friday.Pangaea Connectivity attributed the expected profit growth to higher turnover driven by rising demand for artificial intelligence data center products amid growing computing, storage, and networking requirements from major cloud operators.The company issued the update after noting recent increases in its share price and trading volume since about mid-May.

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