HK Stock Market Move | YOFC (06869) rebounds more than 9%, AI computing power infrastructure is expected to drive the company to usher in a new round of growth.

YOFC (06869) rebounded by more than 9%, as of the time of writing, it increased by 8.34%, closing at 40.8 Hong Kong dollars, with a trading volume of 9.59 billion Hong Kong dollars. Huatai released a research report stating that the market believes Yangtze Optical Fibre And Cable Joint Stock's growth ceiling is limited. The company believes that the construction of AI computing power infrastructure is expected to drive the company into a new round of growth: in the field of optical transmission, data center multimode optical fiber and backbone network G.654.E optical fiber products are experiencing rapid growth, the outlook for hollow core optical fiber industry application is broad, and the company, as an industry leader, is rapidly advancing in the fields of long-distance transmission network for operators and communication fields, with a first-mover advantage; diversification opens up growth space, subsidiary companies EverProX Technologies, Longface Technology in MPO, AOC, and high-speed copper cable fields have a strong competitive advantage, and are expected to accelerate the introduction of overseas customers to achieve business growth. It is worth noting that YOFC is scheduled to hold a board meeting on October 30 to approve its third quarter performance. Nomura previously released a research report stating that China Mobile Limited's recent announcement of the results of its fiber optic tender showed that Yangtze Optical Fibre And Cable Joint Stock's market share and average selling price have decreased, which may put pressure on profits starting from the third quarter of this year.