The Zhitong Finance App learned that Huiju Technology (01729) rose more than 7%. As of press release, it had risen 7.72% to HK$10.88, with a turnover of HK$51.774 million.
According to the news, Huiju Technology announced that on November 6, 2026, the board of directors authorized and approved a plan to buy back the company's shares in the open market with a total amount of not more than HK$500 million within a period of 24 months from the date of approval, subject to market conditions and at the discretion of the board of directors. The company intends to fund the plan through internal financial resources. The Board believes that the current transaction price of the shares does not reflect their intrinsic value. The Board believes that the proposed share buyback will increase the value of shares, thereby increasing shareholder returns.
Guosheng Securities previously stated that, benefiting from the rise of AI, Huiju Technology's server division and data center optical fiber and wire component business orders both increased sharply in Q2 2026. Among them, the data center business order volume reached a record high, and the company is expanding production in China and Vietnam to cope with the increase in orders. At the product level, dual-density MPO and multi-core fiber panels have been mass-produced, leading to an increase in average sales prices and profit margins; the product portfolio is expanding from scale-out to scale-up solutions, covering ultra-complex fiber distribution boxes (Shuffle Boxes) and next-generation high-density fiber connectivity products. In addition, the high-margin high-speed cable business in the specialty wire division is also benefiting from AI investment.