CREALIGHTS (01191) briefly spiked over 9% during trading, extending its rally to a cumulative gain of 60% since being included in the Stock Connect program on September 7th. At the time of writing, the stock was up 7% at HK$169.7, with turnover reaching HK$209 million.

On the news front, the company delivered market-exciting guidance during its recent interim results briefing. Vice President and Board Secretary Hu Yong stated that the high-speed optical module industry faces no shortage of orders, only a lack of production capacity, with the company's order pipeline already fully booked through the entirety of 2027. Shipments of 1.6T optical modules are slated to commence in the second half of this year, targeting overseas leading AI computing infrastructure clients, while research and customer validation for 3.2T and 6.4T NPO/CPO products are progressing.

Additionally, the company announced a long-term, in-depth strategic partnership with GlobalFoundries to accelerate the engineering deployment and mass production of its 6.4T NPO products, expediting the industrialization of next-generation AI silicon photonics interconnect technology.

Notably, on September 11th, the U.S. Federal Communications Commission (FCC) officially finalized its related rules. While the new FCC regulations extend their reach to upstream components, several optical module makers, including Zhongji Innolight and Eoptolink, are notably absent from the list. Analysts suggest that for the current sector, this development means the most extreme pessimistic assumptions surrounding the FCC have largely failed to materialize, bringing greater policy certainty, particularly for passive components, which is overall a positive catalyst for sentiment in the optical communications space.