Computing power supply chain surges collectively: Policy sets 2030 development targets; Goldman Sachs significantly raises forecasts for optical transceivers.
The computing power industry chain sees renewed positive developments.
Kangte Long (01912.HK) saw an off-market increase of 8.1746 million ordinary shares by Zhuangyan Investment International Limited and its affiliates, valued at approximately HK$2.9837 million.
As reported on August 31, according to documents disclosed by the Hong Kong Stock Exchange on the same day, Zhuangyan Investment International Limited acquired an additional 8.1746 million ordinary shares of Contel Technology (01912.HK) via off-market transactions on August 28 at an average price of HKD 0.365 per share, valued at approximately HKD 2.9837 million. Following this increase, Zhuangyan Investment International Limited's latest shareholding stands at 338 million shares, with its long position ratio rising from 7
Kangtelong (01912.HK) saw an off-market increase of 58.1 million ordinary shares by Zhuangyan Investment International Limited and its affiliates, valued at approximately HK$21.2065 million.
According to a report on August 24 and documents disclosed by the Hong Kong Stock Exchange on the same day, Zhuangyan Investment International Limited increased its off-market holdings of 58.1 million ordinary shares in $Kontong (01912.HK)$ at an average price of HKD 0.365 per share on August 21, with a total value of approximately HKD 21.2065 million. Following the increase, Zhuangyan Investment International Limited's latest shareholding stands at 329 million shares, with the long position ratio changing from
Contel Group (01912): Zhuang Jiayi and Lee Byungduck appointed as executive directors
Kangtelong (01912) announced that the offeror intends to nominate Mr. Zhuang Jiayi and Mr. Lee Byungduck as executive directors, and Mr. Jiang Xuxi, Ms. Lv Zhuo, and Mr. Li Wei as independent non-executive directors, effective from the date of publication of the composite document (i.e., the earliest date permitted under Rule 26.4 of the Takeovers Code). Following the publication of the composite document on August 21, 2026, the Board of Directors hereby announces that each new director has been appointed, effective immediately after the publication of the composite document on August 21, 2026.
Kangtelong (01912) issued 271 million shares pursuant to the subscription agreement.
Kangtelong (01912) announced that on July 29, 2026, it issued and allotted 271 million shares pursuant to the subscription agreement dated May 5, 2026 (as amended and supplemented by the supplemental deed dated June 8, 2026); and issued and allotted 58.205 million shares pursuant to the placing agreement dated June 8, 2026.
Contel Technology Seeks Further Extension for Takeover Composite Document
Asian tech stocks have broadly corrected by 25–30%; is the market pricing in earnings per share (EPS) downgrades or capital expenditure cuts? JPMorgan forecasts the opposite: now is the time to buy Asian tech stocks.
Defying prevailing market skepticism, JPMorgan declared that now is the time to buy Asian technology stocks. The bank noted that Asian tech equities and the Philadelphia Semiconductor Index have cumulatively declined by 25%–30%, yet fundamentals show no sign of deterioration—the AI scaling laws remain intact, capital expenditures by hyperscale cloud providers are projected to surge to $1.49 trillion by 2027, backlog levels have reached record highs, and earnings per share (EPS) forecasts continue to be revised upward. The market’s pessimistic pricing may well represent the optimal buying opportunity.
Fund led by former OpenAI researcher collapses spectacularly; Citadel takes over $16 billion in equity assets as Wall Street bets on AI bottoming out
Situational Awareness, an AI-focused hedge fund founded by a former OpenAI researcher, has collapsed after achieving over 2,000% returns through highly leveraged bets on AI stocks, and has now fully liquidated its public equity positions. Analysts suggest that the clearance of these 'blood-stained positions' marks the exit of forced sellers, rapidly triggering a wave of relief-driven buying that propelled a sharp rebound in AI stocks. However, strategists caution that it is unreliable to determine a market turning point based solely on a single blow-up event.
Contron (01912) has a total warehouse market value of HK$937.1 million, of which shareholders deposited 582.05 million shares with Astrum Capital Management.
On July 29, Contron (01912) experienced an unusual position movement, with a total deposited market value of HK$937.1 million, accounting for 44.17%.
CONTEL: 2026 ANNUAL REPORT
Full-scale counteroffensive! Hong Kong-listed AI stocks surge back—has the correction ended?
Just moments ago, the market staged a major rally!
Contel Technology Appoints Independent Adviser for Potential Takeover Offer
Some Hong Kong-listed semiconductor stocks have performed notably well, with Changxin Technology's IPO imminent, as the high demand for domestic computing power gradually materializes.
July 9 news: Some semiconductor stocks performed strongly. As of the time of reporting, XinZhi Holdings surged nearly 23%, GigaDevice rose over 10%, Hua Hong Hongli gained 5%, and SMIC and Tianshu Zhixin both climbed more than 6%.
Zhito Hong Kong Stock Investment Diary | July 9
Hong Kong Stock Investment Journal | July 9, 2026
Morgan Stanley told clients it is time to 'sell chips, buy cloud,' and that 'storage'—similar to 'silver'—has peaked.
Morgan Stanley strategist Michael compared the trajectory of semiconductor stocks to that of silver, noting that both have experienced parabolic rallies and share commodity-like characteristics. He believes the current correction may not yet be over, with memory chips bearing the brunt of the sell-off. At the same time, he remains bullish on consumer discretionary, regional banks, transportation, and biotechnology, arguing that market leadership should broaden beyond AI-related capital expenditure beneficiaries to a wider range of sectors.
NVIDIA's Kyber Delayed to 2028 – Winners and Losers Across the Supply Chain
Delay changes the pace and, in passing, rewrites the list of winners.
CONTEL: ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 31 MARCH 2026
Contron (01912.HK) reported an annual net loss of approximately USD 13.8 million.
Gelonghui, July 1 — Cont隆 (01912.HK) announced its annual results, reporting a net loss of approximately USD 13.8 million for the fiscal year ended March 31, 2026, an increase of approximately 13.9% from the prior period's net loss of approximately USD 12.1 million. Total group revenue for the fiscal year ended March 31, 2026, amounted to USD 51.3 million, representing a 33.3% decrease compared to the USD 77.0 million recorded in the fifteen-month period ended March 31, 2025 (the "prior period"). However, after adjusting for the differing lengths of the reporting periods and on a comparable 12-
CONTEL: ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 31 MARCH 2026
Contel Technology Seeks Shareholder Nod for Major Equity Issue at July EGM