Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
YOFC Stretches 4-Day Rally to New High; G Sachs Lifts TP to HKD290
Recommend 17 Positive 21 Negative 19 |
||||
|
||||
|
YOFC (06869.HK) extended its four-day rally to mark another record high. The stock opened 5.6% higher this morning (12th) and widened its gains, hitting an intraday peak of HKD283, a new listing high. It last posted at HKD271, up 4.47%, with turnover of 10.5774 million shares, involving HKD2.918 billion. Goldman Sachs noted that YOFC's revenue in 1Q26 added 28% YoY to RMB3.7 billion, 8% below the broker's expectation, owing to a longer-than-expected ramp-up period for expanded optical fiber preform capacity and contributions from AI products. Gross margin improved to 41.5% during the period, sharply above 27.8% in the same period last year and 35.7% in 4Q25, and also above the broker's forecast of 39.4%. Net profit in 1Q26 swelled 226% YoY to RMB495 million, but also below the broker's forecast. Taking into account the 1Q26 results, Goldman Sachs raised its earnings forecasts for YOFC for 2026-28 by 3%/ 6%/ 4%, reflecting revenue growth driven by upgrades toward data center optical fiber and cable products, as well as improved gross margin to reflect stronger pricing power. The broker maintained a Neutral rating and lifted its H-share TP from HKD255 to HKD290. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
