Stock Track | YOFC Soars 5.03% Intraday on Stellar H1 Profit Forecast and Heavy Institutional Accumulation

Stock Track08-07

YOFC (06869) surged 5.03% intraday, extending its rally as investors cheered a blockbuster half-year earnings forecast and notable institutional buying activity.

The company had previously guided for H1 net profit attributable to shareholders of approximately RMB 2.4 billion to 3.0 billion, representing a year-over-year increase of 711% to 914%. Non-recurring adjusted net profit is projected at RMB 2.0 billion to 2.6 billion, a staggering 1,349% to 1,784% jump. The results fueled optimism around the global fiber optic cable leader's ability to capitalize on a fiber upcycle and accelerating AI data center construction demand.

Adding to the bullish sentiment, regulatory filings showed BlackRock raising its H-share long position to 7.55% and JPMorgan increasing its long position to 6.02%. A significant position transfer worth HK$1.633 billion was also recorded on August 6, with millions of shares moved between BNP Paribas and Citibank, signaling further institutional repositioning. The company's recent completion of the YOFC Shanghai minority stake acquisition and establishment of a RMB 500 million AI-focused investment fund also contributed to the positive outlook.

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