On September 28, LIGENT fell 5.7% in regular trading, trading at 34.38 HKD/share, with turnover of approximately HK$165 million. The newly listed optical communication company retreated toward its IPO price of 32.96 HKD after reaching an all-time high of 39.86 HKD earlier in the week.

The decline came amid broad weakness across the Electronic Components sector. Among peers, KB Laminates fell 6.14%, Kingboard Holdings dropped 6.18%, VGT slid 7.31%, Delton declined 6.11%, and Sunny Optical lost 3.54%, reflecting widespread sector-level selling pressure rather than a company-specific catalyst.

LIGENT listed on the HKEX on September 22, raising approximately HK$5.45 billion in net proceeds. The company is a leading optical communication and optical connectivity solutions provider, ranking fifth globally and third in China among professional optical transceiver makers by revenue. Its data-center optical transceiver segment recorded revenue of RMB 3.745 billion, up 36.6% year-over-year, driven by AI and cloud computing demand. The company has achieved mass production of 800G and 1.6T optical modules and is advancing 3.2T product development.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)