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Nomura: Raised the Target Price for YOFC to 15 Hong Kong dollars, rating upgraded to "Buy".
Nomura released a research report stating that it raised the Target Price for YOFC (06869) by 11.1%, increasing it from HKD 13.5 to HKD 15, with the rating upgraded from "Neutral" to "Buy." The bank indicated that it has lowered its revenue forecast for YOFC for the 2024-2025 fiscal years by 19% and profit forecast by 25-35%, mainly reflecting weaker-than-expected fiber demand in the telecommunications industry. At the same time, it believes that driven by strong AI demand and a better product mix, YOFC's revenue and profits will reach a tipping point. The report stated that YOFC is one of the leaders in China's fiber optic cable market, and
Broadex Technologies Co., Ltd. (SZSE:300548) Looks Just Right With A 105% Price Jump
Hong Kong stock movement | YOFC (06869) rose over 7% in early trading, driven by high demand for AI-powered high-speed Copper cables. The company completed the acquisition of Broadex Technologies in 2022.
YOFC (06869) surged over 7% in early trading; as of the time of writing, it is up 4.26%, priced at 11.74 Hong Kong dollars, with a transaction volume of 43.6656 million Hong Kong dollars.
Dragon and Tiger List | Funds rush into copper cables! Broadex Technologies, Roshow Technology, Shenzhen Woer Heat-shrinkable Material are bought, while 0.302 billion yuan escapes Shanghai Phoenix Enterprise.
The top net purchase amounts on the Dragon and Tiger list for the day were for Broadex Technologies, Roshow Technology, Raisecom Technology, Shenzhen Woer Heat-shrinkable Material, Verisilicon Microelectronics (Shanghai) Co., Ltd., and Kingsignal Technology.
Does Broadex Technologies (SZSE:300548) Have A Healthy Balance Sheet?
Hong Kong stocks are experiencing fluctuations | YOFC (06869) once rose over 8% as Broadex Technologies plans to acquire minority shareholder equity in Changxin Sheng.
YOFC (06869) once rose over 8%, as of the time of writing, it increased by 5.16%, priced at 11.82 HKD, with a transaction amount of 55.7337 million HKD.
There's Reason For Concern Over Broadex Technologies Co., Ltd.'s (SZSE:300548) Massive 37% Price Jump
