On July 24, YOFC declined 3.26% in regular trading, trading at 122.0 HKD/share, with turnover of HKD 1.286 billion. The stock resumed its downtrend after a roughly 5% technical rebound in the previous session.

On the news front, selling pressure persisted as Jefferies recently downgraded the stock from Buy to Hold, noting that global fiber capacity is expected to expand 69% by 2028, with China's capacity potentially doubling. The brokerage warned that the supply increase would gradually eliminate the current shortage, and that earnings for the current period through next year may represent a cyclical peak. Additionally, multiple peers including FiberHome and Lingyi iTech have announced aggressive capacity expansion plans, heightening supply concerns.

Southbound capital continued net selling in recent sessions, with a single-day net outflow of HKD 328 million on July 22, as profit-taking from elevated levels added to short-term pressure. Meanwhile, Morgan Stanley maintains an Overweight rating with a HKD 230 target, and Nomura retains a Buy rating at HKD 266, citing an unchanged AI-driven fiber super-cycle earnings trajectory.

(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.)