HK Stock Market Move | YOFC (06869) rises more than 9%, jointly establishes Changzhi Sanya company, and develops multi-mode and hollow-core optical fiber products.

YOFC (06869) surged more than 9%, as of the time of writing, it rose by 9.23% to 53.85 Hong Kong dollars, with a trading volume of 1.792 billion Hong Kong dollars. On the news front, on September 12, the signing ceremony for the development of the Siasun Robot & Automation Industry and the establishment of Changzhi (Sanya) Siasun Intelligent Technology Co., Ltd. ("Changzhi Company") was held at the Sanya Development Holdings Co., Ltd. It is reported that Changzhi Company was jointly initiated by Changfei Company, Sanya Digital Economy Industrial Park, Siasun Robot & Automation main body company, and Digital Huaxia. Changfei pointed out that the establishment of Changzhi Company laid a solid foundation for its AI strategy to land and is also an important move in the company's strategic layout from "communication transmission" to "intelligent application" deep development. Tianfeng believes that the company, on the basis of traditional optical fiber business, is developing high-value-added products such as multi-mode and hollow core optical fibers, while actively diversifying. In addition, Morgan Stanley recently reported that the favorable fundamentals of the optical module industry have already been largely reflected in stock prices, and the institution has adjusted the ratings of several optical module related stocks. Among them, Morgan Stanley raised the target price of Yangtze Optical Fibre and Cable Joint Stock but maintained the corresponding rating, as the performance fundamentals have not yet reached a turning point, but the stock price increase has already reflected potential positive factors.