CONANT OPTICAL (02276) rose more than 7% in the afternoon session, with shares trading up 6.38% at HK$40.70 as of press time, generating a turnover of HK$73.88 million.

On the news front, CONANT OPTICAL plans to hold a board meeting on August 17 to approve its interim results. Citigroup noted that it expects the company's first-half revenue to record single-digit growth, with second-half revenue anticipated to rise 10% to 15% year-on-year, and full-year net profit forecast to grow 20% to 25%. Short-term catalysts include the first-half results due at the end of August, the Meta Connect event in late September, and the potential launch of the next-generation Meta Display Glass smart glasses.

Zheshang Securities added that it expects the company's core net profit from main operations to reach 670 million yuan and 770 million yuan for 2026 and 2027 respectively, while smart glasses profit is projected at 60 million yuan and 200 million yuan for the same periods. The firm said the key catalysts to watch are the sales performance of the second-generation Meta Rayban Display in Q4, Apple's potential AI glasses launch in 2027, and the scaling of other major undisclosed clients, maintaining a "Buy" rating.