On June 30, Yangtze Optical Fibre and Cable (YOFC) rose 5.93% in regular trading, trading at 256.8 HKD/share, with turnover of HKD 958 million. The stock rebounded after accumulating a decline of over 19% across the two preceding trading sessions.
On the news front, Nomura published a research note on June 29 maintaining a Buy rating on YOFC, assigning a target price of HKD 266 based on a 23.7x forward P/E multiple applied to forecast FY2027 EPS of RMB 9.75, implying approximately 4% upside from the current level. The brokerage cautioned that intensified competition could emerge if new market entrants successfully scale up high-end product capacity, but maintained its overall positive outlook on the company.
YOFC is a leading global manufacturer of optical fiber preforms, optical fiber, and optical cable products. The company holds the number one global market share in preforms, fiber, and cable for nine consecutive years, and is positioned to benefit from surging AI datacenter-driven fiber demand and ongoing supply tightness in the optical fiber industry.
(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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