UBS: Raises Yangtze Optical Fibre and Cable (06869.HK) target price to HK$330, reiterates "Buy" rating.

Zhitong Finance APP has learned that UBS issued a research report stating that it has raised the target price of Yangtze Optical Fibre and Cable (06869.HK) by 14%, from HK$290 to HK$330, and reiterated a "Buy" rating. The bank also raised the company's earnings forecasts, lifting its 2026-2028 earnings forecasts to RMB 9.1 billion, RMB 15.6 billion, and RMB 19.1 billion, mainly reflecting better-than-expected optical fiber price performance driven by AI, as well as the product mix shift toward high-performance optical fiber products.