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<Research> Nomura Lifts YOFC (06869.HK) TP to HKD266, Rating Buy
Nomura issued a research report raising YOFC (06869.HK)'s TP from HKD64.5 to HKD266, maintaining a Buy rating. The upgrade is mainly driven by robust demand for AI data centers boo...
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<Research> Nomura Lifts YOFC (06869.HK) TP to HKD266, Rating Buy
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Nomura issued a research report raising YOFC (06869.HK)  +17.400 (+8.294%)    Short selling $1.06B; Ratio 13.950%   's TP from HKD64.5 to HKD266, maintaining a Buy rating. The upgrade is mainly driven by robust demand for AI data centers boosting global optical fiber demand, as well as a shortage of optical fiber preform capacity that has led to a surge in spot fiber prices over the past five to six months. The broker expects centralized tenders from mainland telecom operators to serve as the next catalyst, with new long-term agreement prices likely to improve earnings outlook in 2H26 and 2027.

Nomura raised its 2026-2027 revenue forecasts for YOFC by 74% to 115% to reflect growth in data center demand and sharp increases in fiber prices. Earnings forecasts for the period were lifted by 293% to 351%. The broker expects AI network business revenue contribution to reach 31% and 38% in 2026 and 2027, respectively. It also forecasts 2028 revenue and earnings to grow 31% YoY and 36% YoY, respectively. (ec/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)

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