According to a financial news app report, MOBVISTA (01860) rose nearly 7% in early trading. As of press time, the stock was up 5.89% at HK$13.31, with a turnover of HK$80.804 million.

On the news front, MOBVISTA is expected to launch its next-generation GPU-centric AI Infra in October 2026, further enhancing complex model training and real-time inference capabilities, and supporting the large-scale application of the IAP ROAS model in mid-to-heavy game scenarios.

In addition, MOBVISTA has repurchased shares for two consecutive days, with a total of 530,000 shares repurchased and a cumulative repurchase amount of HK$6.6389 million.

Shenwan Hongyuan stated that the company is currently still in a stage of relatively high R&D investment, and the construction of AI Infra is suppressing operating leverage in the short term; however, as the infrastructure gradually matures, more complex models are launched, and intelligent bidding effectiveness improves, traffic procurement and monetization efficiency are expected to be further enhanced.

The company's single-quarter gross margin has already risen from approximately 19% in early 2023 to approximately 22% in 2026Q2, and the adjusted net margin has also improved significantly. Subsequent revenue scale expansion is expected to translate more into profit growth.