On July 22, YOFC (Yangtze Optical Fibre and Cable) fell 3.31% in regular trading to HK$137.2, with turnover of HK$1.624 billion. The decline represents a continuation of selling pressure following the previous trading day's extreme volatility.

On July 21, the stock plunged over 10% intraday on market concerns that Hangdian Shares' proposed share placement to raise up to RMB 2.88 billion for optical fiber preform and specialty fiber capacity expansion could pose industry supply risks. Although the stock recovered sharply to close up 8.13%, the violent intraday swing reflected intensified bull-bear divergence. Morgan Stanley noted in a recent report that while the market previously worried about supply risks from new capacity, the firm expects capacity expansion to take time, and AI infrastructure-driven demand remains robust, meaning earnings growth momentum over the next 6-12 months should remain unchanged. The stock has retreated significantly from its July 15 high of HK$188, which was reached after the company issued a profit alert forecasting H1 net profit growth of 711%-914% year-on-year. Profit-taking from elevated levels and continued net selling by southbound funds have kept short-term selling pressure unresolved.

(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.)