On July 16, YOFC (Yangtze Optical Fibre and Cable) fell 6.65% in regular trading, trading at 142.5 HKD/share, with turnover of 7.8 billion HKD.

The decline extends the pattern of sharp intraday reversals following the company's positive profit alert released on July 14, which projected H1 net profit of RMB 24-30 billion, representing year-over-year growth of 711% to 914%, driven by surging demand for optical fiber products amid accelerating AI data center construction. On July 15, after Morgan Stanley upgraded the H-share rating to Overweight with a 230 HKD target price, the stock surged as high as 188 HKD before reversing sharply, mirroring a similar spike-and-fade pattern seen on July 10. The stock has now declined over 50% from its June peak, reflecting intense profit-taking by holders who accumulated gains during the stock's prior tenfold rally. Short-term technical selling pressure continues to weigh on the share price despite institutional upgrades and robust fundamental outlook.

(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.)