Movement Alert｜YOFC Rises 3.77% in Regular Trading, Technical Rebound After Prior Session Plunge Exceeding 10%

Market Focus07-23 09:42

On July 23, YOFC rose 3.77% intraday, trading at 130.8 HKD/share, with turnover of HKD 610 million. The rebound follows a sharp single-day decline of over 10% in the prior session, triggering technical buying from market participants.

The previous session's sell-off was driven by a dual headwind: Jefferies downgraded YOFC from \"Buy\" to \"Hold,\" citing expectations that global fiber capacity will expand 69% by 2028 with Chinese capacity doubling, which would gradually ease supply shortages. Concurrently, peers FiberhHome Communications and Lingyi iTech disclosed aggressive expansion plans, amplifying concerns over future supply pressure and potential market share dilution for YOFC.

Following the steep decline, bargain-hunting capital emerged. On the fundamental side, the company's first-half net profit surged 711% to 914% year-over-year. Morgan Stanley maintains an \"Overweight\" rating with a HKD 230 target, while Nomura maintains a \"Buy\" rating with a HKD 266 target. Institutional consensus on the AI-driven fiber super-cycle earnings trajectory remains intact, providing support for the oversold recovery.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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