Movement Alert｜YOFC Rises 3.46% in Regular Trading, H1 Profit Forecast Surges Over 700% as Global Institutions Accumulate Shares

Market Focus08-10

On August 10, YOFC rose 3.46% in regular trading, trading at 129.9 HKD/share, with turnover of 2.95 billion HKD.

On the news front, the company previously disclosed that it expects H1 net profit attributable to shareholders of approximately 2.4 to 3.0 billion RMB, representing a year-on-year increase of 711% to 914%. Non-recurring adjusted net profit is projected at 2.0 to 2.6 billion RMB, up 1,349% to 1,784% year-on-year. Meanwhile, BlackRock raised its H-share long position to 7.55%, and JPMorgan increased its stake to 6.02%. Southbound capital recorded three consecutive days of net inflows totaling 1.319 billion HKD. Institutions noted that as a global leader in optical fiber and cable, the company stands to benefit from the fiber optic upcycle and demand growth driven by AI data center construction.

(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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