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YOFC Skydives 9% as G Sachs Says AI Demand Backs Firm Fiber Pricing; Rating Neutral Kept on Reasonable Valuation
YOFC (06869.HK) opened 2.11% lower today (10th), hitting an intraday trough of HKD229.2. It last posted at HKD232.4, down 9.01%, with turnover of 10.8202 million shares, involving ...
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YOFC Skydives 9% as G Sachs Says AI Demand Backs Firm Fiber Pricing; Rating Neutral Kept on Reasonable Valuation
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YOFC (06869.HK)  -24.000 (-9.397%)    Short selling $749.14M; Ratio 15.457%   opened 2.11% lower today (10th), hitting an intraday trough of HKD229.2. It last posted at HKD232.4, down 9.01%, with turnover of 10.8202 million shares, involving HKD2.592 billion.

Goldman Sachs reviewed the recent production, pricing and demand trends of fiber optic cables in Mainland China. Overall, driven by data center customers, China’s fiber optic cable demand remains strong, although still at a low base compared to telecom.

According to data from the National Bureau of Statistics, fiber optic cable output in March and April declined 6% and 16% YoY, respectively. The broker attributed this to a temporary capacity shift between telecom and data center applications.

In terms of pricing, according to CRU data, the price of G652.D fiber in China edged down to RMB81.9 per fiber-kilometer in May, compared with RMB83.4 per fiber-kilometer in March, but remained higher than the level in May 2025, supported by robust demand.

Goldman Sachs maintained its 12-month target price at HKD290, corresponding to a 17.7x 2029E P/E. Given reasonable valuation, it reiterated a Neutral rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-10 16:25.)

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