Movement Alert|YOFC Rises 3.68% in Regular Trading, Daiwa Initiates Buy Rating and BlackRock Increases Stake

Market Focus08-12 09:47

On August 12, YOFC rose 3.68% in regular trading, trading at HK$126.4/share, with turnover of HK$309 million.

On the news front, Daiwa recently initiated coverage on YOFC with a Buy rating and a target price of HK$152, implying a forward P/E of 10x. Daiwa highlighted the company's position in a strong fiber optic upcycle, projecting optical interconnect gross profit CAGR of 137% and net profit CAGR of 135% for 2025-2028. The bank noted YOFC's global footprint and close relationships with international clients as key advantages for capturing overseas AI infrastructure demand, forecasting overseas gross profit CAGR of 109% for 2026-2028.

Additionally, BlackRock raised its H-share stake to 7.37%, reinforcing institutional confidence. The company previously guided H1 net profit growth of 711%-914% year-over-year, with the board scheduled to review interim results on August 21. The combination of a fresh institutional endorsement and continued foreign fund accumulation supported positive market sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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