On November 6, YOFC fell 11.24% in regular trading, with the stock trading at HK$84.15 and turnover reaching HK$595 million.

A clear catalyst is available: BlackRock disclosed an off-exchange disposal of 5.6284 million YOFC shares on November 2, reducing its long position ratio to 6.94% from 8.27%, while the optical communications segment has remained under broad selling pressure.

Recent disclosures show the transaction was an off-market transfer with non-cash consideration rather than an on-exchange secondary-market sale, but the position change still drew market attention. At the same time, brokers have cut target prices despite maintaining constructive ratings, with one major bank lowering its H-share target to HK$180 from HK$330 amid AI-related valuation compression and fragile sentiment. Sector weakness has been notable as optical communications names broadly declined, adding pressure to YOFC despite the company having reported strong results on October 30, including first-nine-month revenue of RMB19.124 billion and net profit attributable to shareholders of RMB6.128 billion.

(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.)