On July 17, YOFC (Yangtze Optical Fibre and Cable) declined 4.16% in regular trading, trading at HK$136.5/share with turnover of HK$466 million, marking the third consecutive session of selling pressure following the stock's surge to HK$188 on July 15.

The decline continues a classic sell-the-news pattern. The company released a profit alert on July 14 forecasting H1 net profit of RMB 2.4-3.0 billion, representing 711%-914% year-over-year growth driven by AI data center demand. Morgan Stanley subsequently upgraded the stock to Overweight with a HK$230 target. Despite these catalysts, the stock has retraced over 50% from its June peak as heavy profit-taking dominates.

Compounding the selling pressure, southbound funds net sold approximately 20 million shares over the past five trading days, while third-largest shareholder Changjiang Communication completed a disposal of roughly one million shares worth RMB 412 million. Additionally, New York State's executive order halting large-scale data center construction has weighed broadly on AI hardware stocks this week.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)