Changes in Hong Kong stocks | Connett Optics (02276) rises nearly 3%, AI glasses will accelerate into a period of product explosion, and the company's long-term growth potential is expected to be unleashed

The Zhitong Finance App learned that Connett Optics (02276) rose nearly 3%. As of press release, it had risen 2.26% to HK$54.4, with a turnover of HK$6.5516 million.

According to the news, Google, a subsidiary of Alphabet, recently announced that the company is developing two different types of artificial intelligence (AI) glasses to compete with Meta products next year: one is equipped with a display, while the other focuses on audio functions. Google said that the first AI glasses developed in collaboration will be launched at some point in 2026. Recently, new domestic AI glasses have been released. On December 3, Ideal Auto released its first ideal AI glasses, LiVis; previously, on November 27, Ali's Quark AI glasses S1 was officially released. In the international market, the Ray-Ban Meta series jointly launched by Meta and Ray-Ban has shipped more than 2 million units, while Amazon plans to launch AI glasses to compete head-on with Meta.

Orient Securities believes that the pace of sales of smart glasses brands has accelerated since 25Q2. It is worth looking forward to the release of more major brands in 2026, and smart glasses will accelerate into a period of product explosion. The bank also believes that the weight of smart glasses is one of the important factors affecting consumer decisions, and that eyewear companies that produce ultra-thin lenses and master fitting technology have a critical position in the industry chain. UBS said that in 2024, Connett Optics will become the world's second-largest manufacturer of eyeglass lenses (by production volume). In addition to the traditional eyewear lens business, which is expected to achieve a 25% net profit compound annual growth rate from 2024 to 2027, the bank expects the rise of smart glasses to unlock the company's long-term growth potential. The bank expects that in the context of the continued progress of smart glasses, there is room for revaluation of the company's current price-earnings ratio of 34 times the 2026 forecast.