HK Stock Market Move | YOFC (06869) up over 17%, fiber optic supplier Sunca Warehouse raises performance guidance, fiber optic price hike may become industry consensus.

YOFC (06869) rose more than 17%, as of the time of publication, it rose 17.63% to 256.2 Hong Kong dollars, with a turnover of 29.95 billion Hong Kong dollars. On the news front, it was reported that due to the surge in demand for AI data centers in North America, fiber optic supplier Fengyang decided to raise prices for DCI interconnection cables by 30% due to slow capacity expansion, and significantly raised performance guidance, causing the stock price to soar. Corning is also facing delivery pressure and plans to expand fiber optic capacity specifically for Nvidia. Open Source Securities believes that the shortage of fiber optic supply may continue, and increased prices of fiber optics may become an industry consensus. Huaxin Securities previously pointed out that since January this year, there has been a continuous imbalance between supply and demand for fiber optic preforms, with global capacity nearing full capacity. Yangtze Optical Fibre And Cable Joint Stock has been ranked first in the world for nine consecutive years in market share of fiber optic preforms, fiber optics, and fiber optic cables from 2016 to date, and is expected to benefit significantly from the upswing in the supply and demand cycle.