Movement Alert|YOFC Rises 3.32% in Regular Trading, Rebounding After Multi-Day Pullback Amid Robust Fiber Demand Outlook

Market Focus
Sep 07

On September 7, YOFC rose 3.32% in regular trading, trading at HKD 164.8/share, with turnover of HKD 296 million. The stock rebounded after several consecutive sessions of decline from a recent high near HKD 174.9 on September 2, when profit-taking pressure set in following a sharp post-earnings rally.

On the industry front, fiber optic manufacturers have reported production lines running at full capacity, with certain product categories seeing sales surge 3 to 5 times year-on-year and orders booked out over one year. Global fiber demand is projected to exceed 670 million fiber-kilometers, up over 10% year-on-year, with data center-related fiber demand surging 69%. YOFC reported H1 revenue of approximately RMB 9.81 billion, up 53.6% year-on-year, and net profit attributable to shareholders of RMB 2.925 billion, soaring 889% year-on-year. Goldman Sachs recently raised its target price slightly to HKD 292 while maintaining a neutral rating, citing expected sequential revenue growth driven by higher fiber pricing and product mix upgrades toward AI data center applications.

(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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