Understanding the Market | CONANT OPTICAL rises over 7% after recently introducing Goer as a strategic shareholder, entering a rapid development period for smart glasses
CONANT OPTICAL's stock price rose by more than 7%, with an increase of 6.95% as of the time of publication, trading at HKD 22.3, with a transaction volume of HKD 9.3342 million. The company plans to place 53.325 million shares, expecting to raise approximately HKD 828 million for the research and development of smart glasses and XR devices. Analysts believe that CONANT OPTICAL's layout in the smart glasses field will benefit from the rapid development of the industry, and the growth of high-end products and its own brand will further optimize the overall gross profit margin
According to Zhitong Finance APP, CONANT OPTICAL (02276) rose over 7%, and as of the time of writing, it increased by 6.95%, trading at HKD 22.3, with a transaction volume of HKD 9.3342 million.
In terms of news, CONANT OPTICAL recently announced plans to place 53.325 million shares, accounting for approximately 11.11% of the expanded share capital, at a price of HKD 15.86 per share, which is a discount of about 19.98% compared to last Friday's closing price. It is expected to raise approximately HKD 828 million, which will be used for the research, design, and manufacturing of lenses and visual solutions for smart glasses and XR head-mounted devices. CONANT OPTICAL believes that the placement will broaden the company's shareholder base and capital base, enhance the strategic relationship with Goertek, and bring more business development opportunities and collaboration chances with Goertek.
Guotai Junan pointed out that the company is actively laying out its smart glasses business and will benefit from the accelerated development of the industry. AI smart glasses are the best hardware carrier for AI implementation, and the industry is entering a rapid development phase, with the company's cooperation matters progressing smoothly, allowing it to benefit first. Cinda Securities noted that the proportion of CONANT's high-end products is increasing, its own brand is growing rapidly, and production capacity in Thailand is steadily expanding. The company's standardized lens gross margin is over 30%, the shipment proportion of high refractive index products is increasing, and the gross margin for customized lenses is about 60%. As the proportion of customized products increases in the future, the overall gross margin is expected to continue to optimize
