TRIGIANT (01300) climbed more than 12% in Hong Kong trading, last up 12.37% at HK$3.18 with turnover reaching HK$17.45 million.

In a recent announcement, the company revealed that its indirect wholly-owned subsidiary, Jiangsu TRIGIANT Technology Co., Ltd., successfully secured the acquisition of 100% equity in Qinghai Zhongli Fiber Optic Technology Co., Ltd. through a competitive bidding process on the Chongqing Property Rights Exchange. The purchase price stands at RMB 455 million, equivalent to approximately HK$526 million, with the seller being Qinghai Qingyin Project Management Co., Ltd.

Where the story gains traction: Analysts at Everbright Securities suggest that if this acquisition goes through smoothly, it could complete the group's integrated "preform-fiber-optic cable" value chain, unlocking incremental growth opportunities for fiber optic products tied to AI computing infrastructure.

The target company boasts existing production capacity for optical preforms and fibers, along with a foundation for capacity expansion, the broker noted. Combined with the group's current cable operations and carrier customer relationships, a successful deal could strengthen upstream raw material security and cost management while accelerating the absorption of new capacity.

Looking further ahead, Everbright Securities believes the group is well-positioned to extend into high-value specialty fibers, leveraging its existing R&D and manufacturing base for preforms and fibers. This comes as hollow-core fibers gain faster validation in AI compute interconnect scenarios and polarization-maintaining fibers benefit from the evolution of high-speed optical interconnect architectures like co-packaged optics—a move that could enhance value chain positioning and earnings flexibility.