Changes in Hong Kong stocks | Starlink Technology (06727) rose nearly 7%, and significant improvement in Q3 gross profit is expected to open up more potential market space in the public cloud market

The Zhitong Finance App learned that Starlink Technology (06727) rose nearly 7%. As of press release, it had risen 4.66% to HK$25.58, with a turnover of HK$8.012,300.

According to the news, recently, Starlink Technology announced its results for the first three quarters of 2026, with revenue of 269 million yuan, an increase of 19.57% over the previous year. According to GF Securities, in the first three quarters of '26, the company's gross margin was 53.4%, up 5.9 pcts year on year; 26Q3 gross margin was 64.7%, up 13.4 pcts year on year, up 11.7 pct from month to month. The bank believes that the improvement in the company's gross profit may be related to the increase in revenue share of software products and supporting services, the increase in product maturity leading to a decrease in delivery costs, while the delivery team uses self-developed tools to improve efficiency and reduce the investment of project delivery personnel.

GF Securities added that the Starlink Technology cognitive database is at a critical stage from technical verification to scenario exploration. By observing the usage of typical case customers, the commercial value that the cognitive database brings to enterprise customers is expected to gradually become clear. According to the bank's judgment, the company's Q4 is expected to take a breakthrough step in the public cloud market. This will further drive the company's business model to gradually shift to data traffic charges related to AI inference tasks, which is expected to open up a large potential market space.