HKG Market Movement | YOFC (06869) Surges Over 9% as AI Computing Infrastructure Promises New Growth

Stock News
Oct 24

YOFC (06869) has seen a rebound of over 9%, currently up 8.34% at HKD 40.8, with a trading volume of HKD 959 million. Huatai Securities released a research report suggesting that while the market perceives YOFC’s growth ceiling to be limited, AI computing infrastructure development is expected to drive a new round of growth for the company. In the optical transmission sector, products such as multi-mode optical fibers for data centers and G.654.E optical fibers for backbone networks are experiencing rapid growth. As a leader in the industry, the company is actively advancing the deployment of long-distance transmission networks for telecommunications operators and applications in data communication, affording it a first-mover advantage. Furthermore, diversification is expanding growth potential. Subsidiaries Changxin Bochuang and Changxin Sheng possess strong competitive advantages in MPO, AOC, and high-speed copper cable fields, likely accelerating the onboarding of overseas clients and driving business growth. Notably, YOFC is set to hold a board meeting on October 30 to approve its third-quarter results. Earlier, Nomura reported that recent fiber optic bidding results from China Mobile indicate a decline in YOFC’s market share and average selling prices, which may pressure its profitability starting in the third quarter of this year.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10