Daiwa: Initiates a "Buy" rating on Changfei Optical Fiber Cable (06869.HK) with a target price of HKD 152.

Zhitong Finance APP has learned that Daiwa has released a research report covering Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK), assigning it a "Buy" rating with a target price of HK$152, which corresponds to a projected price-to-earnings ratio of 10 times for next year.