On August 18, YOFC rose 4.25% in regular trading, trading at 155.1 HKD/share, with turnover of 607 million HKD.
On the news front, China Mobile restarted its ordinary optical cable procurement tender with the maximum price cap raised 8.5% to approximately 7.1 billion yuan, further confirming the optical fiber and cable industry's upward cycle. Meanwhile, the company's board of directors has scheduled a meeting on August 21 to review interim results for the six months ended June 30. The company previously guided first-half net profit attributable to shareholders of approximately 2.4 to 3.0 billion RMB, representing year-over-year growth of 711% to 914%.
Additionally, recent failures of cross-industry fiber optic acquisition plans by other companies have reinforced a favorable competitive landscape for leading players. Daiwa recently initiated coverage with a Buy rating and a target price of 152 HKD, citing a projected optical interconnect gross profit CAGR of 137% and overseas gross profit CAGR of 109%. BlackRock's H-share stake has risen to 7.37%, signaling continued institutional accumulation.
(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.)