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.
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