On September 30, YOFC rose 3.59% in regular trading, trading at 169.8 HKD/share, with turnover of HKD 293 million. The stock extended its recovery rebound following a sharp selloff of over 16% earlier in the week, buoyed by supportive institutional coverage.

On the news front, UBS recently initiated coverage of YOFC with a Buy rating and a target price of HKD 330, arguing that concerns over industry overcapacity are overstated. UBS raised its net profit forecasts for the company to RMB 9.1 billion, RMB 15.6 billion, and RMB 19.1 billion for the coming three fiscal years, well above market consensus. UBS noted that AI-driven demand for high-end optical fiber will keep supply-demand conditions tight through at least the next two years. Separately, Goldman Sachs raised its overseas cloud vendor optical module demand expectations, citing potential supply chain capacity constraints as a bottleneck.

YOFC is a global leader in the optical fiber and cable industry, primarily engaged in the production and sale of optical fiber preforms, optical fibers, optical cables, and optical devices and modules, serving both domestic and international markets.

(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.)