HK Stock Market Move | YOFC(06869) fell more than 6% once , the market is worried about delays in operator group procurement, and pressure on procurement prices.

YOFC (06869) fell more than 6% again this morning, following a drop of over 12% in the previous trading day. As of the time of writing, it is down 4.59% at HK$212.2, with a turnover of HK$25.98 billion. On the news front, there were market rumors that the decline in the optical fiber sector was mainly due to a delay in operator procurement, which may affect the revenue of related companies. According to China Securities News, when contacted by a reporter, Yangtze Optical Fibre And Cable Joint Stock stated that the related procurement news has not been officially released, so there is no delay. Official information from operators should be the standard. China Securities Co., Ltd. pointed out that based on China's fiber optic export data in February, around 80% or even higher of domestically produced fiber optics have already been exported, leading to a significant decrease in the proportion of purchases by operators. The firm believes that with the quarterly reports of the sector approaching and recent large increases in stock prices, some adjustments are being made. However, the optical fiber and cable industry is still promising and the adjustments may present opportunities. They continue to have a positive outlook.