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

Zhito 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) by 39.2% from HK$237 to HK$144, while maintaining an "Outperform" rating. The bank has raised its forecasts for the company's net profit attributable to shareholders for fiscal years 2026 to 2028 to RMB 9.1 billion, RMB 13.1 billion, and RMB 11.2 billion, respectively, mainly due to an upward revision of the business volume base based on actual performance in the first three quarters, and it still expects fiscal year 2027 to be the peak in performance.