FIBOCOM

Fibocom Wireless surged in the morning session today, hitting an intraday high of HK$7.91 before retreating to close at HK$7.86, up 5.79% from the prior close of HK$7.43, driven by the announcement of an extraordinary general meeting and receipt of KDDI certification. Despite Q1 2026 operating revenue of HK$1.903 billion, down 4.26% year-on-year, and net profit plummeting 91.31% to just HK$10.96 million, the stock at HK$7.86 remains 63.61% below its 52-week high of HK$21.6 and above the 20-day MA of HK$7.437, reflecting a relatively low level. However, the YTD decline stands at 50.1%, and the 60-day MA at HK$9.15 continues to exert overhead pressure.

Fibocom opened lower and slid further during the morning session, dropping 4.84% to an intraday low of HK$7.22, and now sits 66.6% below its 52-week high of HK$21.6. The sell-off was triggered by the firm's decision to cancel a 2026 employee stock plan, citing the stock's recent slide. This adds to fundamental headwinds, as Q1 2026 revenue fell 4.3% YoY to HK$1.9 billion, while net profit plummeted 92.6% YoY to just HK$10.96 million. The stock has broken below its MA20 (HK$7.415), and is now trading only 6.3% above its 52-week low of HK$6.79, with a YTD loss of 54.2%. The company's recent acquisition of a 37.16% stake in Shenzhen Hangsheng Electronics and ongoing 5G module expansion efforts provide some long-term narrative, though near-term sentiment remains weak.

Fibocom (638.HK) staged a sharp rebound during the morning session in Hong Kong, surging from a session low of 7.50 HKD to an intraday high of 7.95 HKD by 10:27 BJ, up 4.88% from the previous close of 7.58 HKD. The rally was fueled by news of a 5G bidirection data transmission partnership with Intedigo for embodied AI and remote racing, alongside the acquisition of a 37.16% stake in Shenzhen Hangsheng Electronics. However, the company's Q1 2026 net profit plunged 91.31% YoY to 10.96 million HKD, with revenue down 4.26% YoY and EPS at just 0.0122 HKD, underscoring fundamental weakness. The stock remains 49.4% below its YTD start and 63.1% off its 52-week high of 21.6 HKD, though it has reclaimed the MA20 (7.486 HKD) and gained 17.38% from the 52-week low of 6.79 HKD.

Fibocom's morning session saw a spike and pullback, with the intraday high reaching HKD 7.78 before closing at HKD 7.56, 64.91% below the 52-week high of HKD 21.6 and down 51.87% year-to-date. Q1 2026 net profit plunged 91.31% YoY to HKD 10.96 million, with revenue falling 4.26% YoY to HKD 1.90 billion, though operating profit remained positive at HKD 28.11 million, reflecting a razor-thin net margin of 0.58%. Recent news of a 37.16% stake acquisition in Shenzhen Hangsheng Electronics and progress in 5G bidirectional data transmission failed to offset persistent weakness, while the stock continues to trade below the 60-day MA of HKD 9.847.

Fibocom Wireless (638.HK) opened lower and extended losses during the morning session, with intraday decline reaching over 7% (high 8.27 to low 7.67), driven by a sharp drop in Q1 earnings. Net profit plunged 91.31% YoY to HK$10.96 million, with EPS at HK$0.0122 vs. HK$0.165 a year earlier; revenue dipped 4.26% YoY to HK$1.90 billion, and net profit margin narrowed to 0.58%. The stock closed at HK$7.73, down 64.21% from its 52-week high of HK$21.6 and 50.92% YTD, below the 60-day MA of HK$9.95 but above the 20-day MA of HK$7.64. However, Q4 2025 net profit had surged 101.16% YoY, highlighting volatile earnings momentum.