Changes in Hong Kong stocks | Piao Technology (06082) rose nearly 6% to complete a new round of allotment in October Goldman Sachs is optimistic about the company's next-generation GPU product launch

The Zhitong Finance App learned that Bijiao Technology (06082) rose nearly 6% in the afternoon. As of press release, it had risen 5.86% to HK$23.86, with a turnover of HK$331 million.

According to the news, Goldman Sachs released a research report saying that Bijiao Technology completed a new round of allotment of shares in October, raising a net capital of HK$4 billion, of which 70% was used for product commercialization, strategic supply chain procurement and production preparation, and 20% was used to enhance R&D capabilities and software ecology. The bank is optimistic about Bijiao Technology's next-generation GPU product release, supply management capabilities, and customer expansion.

According to the report, Bijiao Technology is conducting internal BR200 tests, and the target will enter customer verification after completion; with active inventory management (inventory reached 1.2 billion yuan at the end of the first half of 2026, compared with 949 million yuan at the end of the first half of 2025) and guaranteed production capacity commitments, commercialization is expected to accelerate, and customers cover AI model developers, telecom operators, CSPs and enterprises. The bank expects the company to benefit from China's cloud capital expenditure growth, next-generation AI chip shipments, and further penetration of CSP customers, and expects the capital expenditure of China's leading cloud platforms to increase by 105%, 21%, and 14% year-on-year, respectively, from 2026 to 2028.