Haitong International: Cuts Yangtze Optical Fibre and Cable (06869.HK) target price by 39.2% to HK$144, maintains "Outperform" rating, raises earnings forecast

Zhitong Finance APP has learned that Haitong International issued a research report stating that it has lowered the target price of Yangtze Optical Fibre and Cable (06869.HK) from HK$237 to HK$144, a reduction of 39.2%, while maintaining the "Outperform" rating. The bank has raised the company's net profit forecasts for 2026 to 2028 by 32%, 40%, and 30% respectively to RMB 9.1 billion, RMB 13.1 billion, and RMB 11.2 billion, believing that the earnings peak will still occur before the release of new production capacity, and expects earnings to peak in 2027.