Understanding the Market | PLOVER BAY TECH surged over 5% in the late trading session, with mid-term net profit increasing by 13.4% year-on-year. Its subsidiary brand previously reached a cooperation agreement with Starlink
PLOVER BAY TECH rose over 5% in late trading, as of the time of writing, up 5.86% to HKD 7.05, with a transaction volume of HKD 24.9518 million. In terms of news, PLOVER BAY TECH announced that for the six months ending June 30, 2025, revenue was approximately USD 62.943 million, a year-on-year increase of about 9.9%. During the interim period, the profit attributable to the parent company was approximately USD 21.665 million, a year-on-year increase of about 13.4%; the basic earnings per share were approximately 1.96 US cents, and the company will distribute an interim dividend of 12.34 HK cents per share on August 26. Notably, in January 2024, Peplink announced an agreement with SpaceX's Starlink to become the first authorized technology service provider, integrating Starlink terminals with Peplink SD-WAN routers. This move aims to address the challenges faced by mobile, maritime, and remote businesses in obtaining reliable, fast, and cost-effective internet services. The solution will first be applied in the cruise industry, significantly reducing operating costs. It is reported that Peplink is the main brand of PLOVER BAY TECH
According to Zhitong Finance APP, PLOVER BAY TECH (01523) rose over 5% in late trading, with a current increase of 5.86%, priced at HKD 7.05, with a transaction volume of HKD 24.9518 million.
On the news front, PLOVER BAY TECH announced that for the six months ending June 30, 2025, revenue is approximately USD 62.943 million, a year-on-year increase of about 9.9%. During the interim period, the profit attributable to the parent company is approximately USD 21.665 million, a year-on-year increase of about 13.4%; the basic earnings per share is approximately 1.96 US cents, and the company will distribute an interim dividend of HKD 0.1234 per share on August 26.
It is noteworthy that in January 2024, Peplink announced an agreement with SpaceX's Starlink to become the first authorized technology service provider, integrating Starlink terminals with Peplink SD-WAN routers. This move aims to address the challenges faced by mobile, maritime, and remote businesses in obtaining reliable, fast, and cost-effective internet services. The solution will first be applied in the cruise industry, significantly reducing operating costs. It is reported that Peplink is the main brand of PLOVER BAY TECH
