报告中称，长飞是中国光缆市场领导者之一，经过内地电讯运营商资本支出下降周期，认为该公司的业务多元化努力可能会在2025年取得成果。同时作为A股博创科技等股东，野村相信长飞将受惠于其全球人工智能网络产品的需求。Nomura has lowered the revenue forecast for YOFC for the fiscal year 2024-2025 by 19% and the profit forecast by 25-35%.
According to Zhito Finance APP, Nomura has released a research report stating that it has raised the Target Price for YOFC (06869) by 11.1%, from HKD 13.5 to HKD 15, and upgraded the rating from "Neutral" to "Buy."
The firm stated that it has lowered the revenue forecast for YOFC for the fiscal years 2024-2025 by 19% and the profit forecast by 25-35%, primarily reflecting weaker than expected demand for fiber in the telecommunications industry. At the same time, it believes that driven by strong demand for AI and a better product mix, YOFC's revenue and profits will reach a turning point.
The report states that YOFC is one of the leaders in China's cable market, and after the decline in capital expenditures by mainland telecom operators, it is believed that the company's efforts in business diversification may yield results by 2025. Additionally, as a shareholder of A-share Broadex Technologies, Nomura believes that YOFC will benefit from the global demand for its AI network products.
