On October 2, YOFC rose 3.33% in regular trading, trading at HK$175.0/share, with turnover of HK$168 million. The stock continued its recovery rebound following a plunge of over 16% triggered by Hengtong Optic-Electric's 6.6 billion yuan private placement, which had sparked market concerns over industry overcapacity.

On the news front, BlackRock increased its holdings in YOFC H-shares by approximately 4.1 million shares on September 25 through off-market acquisition of share collateral interests, lifting its long position to 6.93% from 5.96%. Meanwhile, UBS recently initiated coverage with a Buy rating and a target price of HK$330, arguing that overcapacity fears are overstated and that AI-driven demand for high-end optical fiber will keep supply tight through 2027-2028. UBS raised its net profit forecasts for 2026-2028 to RMB 9.1 billion, RMB 15.6 billion, and RMB 19.1 billion, significantly above consensus. Goldman Sachs also raised its 2027-2028 global cloud vendor optical module demand estimates, citing potential supply chain bottlenecks. Separately, Efund reduced its stake to 4.97% on September 28, selling approximately 977,500 H-shares at an average price of HK$164.98.

(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.)