Creating Hyperlink

I will assume that you are running IFS Cloud.

Not sure that you can add a read only field with a link to behave the way you want.

You can make a field with Fieldhint: URL in page designer that gives you an URL, but that would be to navigate outside of IFS and the information in the field would be an URL itself.

You can make persistent fields, with data type: Reference that will give you a link. But it dos not work as you want it to. the link will not carry the value to next screen.
For instance, if I have a reference field of purchase order, it will take me to Purchase order but not display the specific purchase order number that I clicked on.

What you need to do is to create a custom command (button) that takes you to your destination and carries the value from source. Similar as doing custom RMB in IEE.

And for example, If I create CF which will have part_no + description of some inventory_part and If I click on this item, will display this concrete inventory_part?