The Zhitong Finance App learned that Connett Optics (02276) rose more than 7% in the afternoon. As of press release, it had risen 6.38% to HK$40.7, with a turnover of HK$73.8819 million.

According to the news, Connett Optics plans to hold a board meeting on August 17 to approve the interim results. Citi said it expects the company's revenue to increase in the number of units recorded in the first half of the year. Revenue for the second half of the year is expected to rise 10% to 15% year-on-year, and net profit for the whole year is expected to increase 20% to 25%. Short-term catalysts include first-half results announced at the end of August, Meta Connect to be held in late September, and the potential launch of next-generation Meta Display Glass glasses.

Zheshang Securities, on the other hand, said that the company's main business is expected to return net profit of 6.7 to 770 million yuan and smart glasses profits of 0.6 to 200 million yuan in 2026-2027. The subsequent catalytic pace will focus on Q4 Meta Rayban Display second-generation sales performance, Apple's new AI glasses in '27, and the volume of other large potential customers to maintain a “buy” rating.

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