On July 14, YOFC (Yangtze Optical Fibre and Cable) rose 3.36% in regular trading, trading at 144.6 HKD/share, with turnover of 12.41 billion HKD. The stock rebounded after accumulating over 50% decline from its June high.

On the news front, Nomura published a research report on July 12 maintaining its Buy rating on YOFC with a target price of 266 HKD, implying approximately 84% upside from current levels. Additionally, China Mobile's recently announced ordinary optical cable centralized procurement tender set a ceiling price translating to approximately 80-85 yuan per fiber core-kilometer, significantly exceeding market expectations and reinforcing strong industry fundamentals. The procurement covers approximately 69.22 million core-kilometers over nine months, equivalent to annualized demand of about 92.3 million fiber-kilometers.

The broader optical communication sector saw recovery today, with peer CIG rising over 7%. The rebound follows a period of heavy selling pressure triggered by concerns over industry capacity expansion and delayed AI hardware timelines.

(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.)