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YOFC Set to Benefit From Buoyant Demand for AI Networking Products -- Market Talk
Yangtze Optical Fibre and Cable Joint Stock Ltd. Raised to Buy From Neutral by Nomura >6869.HK
Yangtze Optical Fibre and Cable Joint Stock Ltd. Target Price Raised to HK$15.00 From HK$13.50 by Nomura >6869.HK
Hong Kong stock movement | YOFC (06869) rises over 3% again, Nomura indicates the company will benefit from AI demand and raises the Target Price and rating.
YOFC (06869) has risen over 3% again, as of the time of this report, it is up 3.42%, trading at HKD 12.7, with a transaction volume of 30.7422 million HKD.
Nomura: Raises YOFC (06869) Target Price to 15 Hong Kong dollars, rating upgraded to "Buy".
Nomura has lowered the revenue forecast for YOFC for the fiscal year 2024-2025 by 19% and the profit forecast by 25-35%.
Hong Kong stock movement | YOFC (06869) is up over 4% as data infrastructure construction guidelines are released, with operators expected to start a new round of fiber optic cable bidding.
YOFC (06869) is currently up over 4%, as of the time of writing, up 4.17%, priced at 12.5 Hong Kong dollars, with a transaction value of 27.0205 million Hong Kong dollars.
Yangtze Optical Fibre And Cable Joint Stock Limited Company's (HKG:6869) Earnings Are Not Doing Enough For Some Investors
