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 published a research report stating that it raised the Target Price for YOFC (06869) by 11.1%, from 13.5 Hong Kong dollars to 15 Hong Kong dollars, and upgraded the rating from "Neutral" to "Buy."
The institution indicated that it has lowered YOFC's revenue forecast for the 2024-2025 fiscal year by 19% and earnings forecast by 25-35%, primarily reflecting the telecom industry's fiber demand being weaker than expected. It also believes that driven by strong demand for AI and a better product mix, YOFC's revenue and profits will reach a turning point.
(tipping 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.
