Movement Alert|YOFC Rises 3.27% in Regular Trading, Interim Results Review Imminent as BlackRock Raises Stake

Market Focus
Aug 20

On August 20, YOFC rose 3.27% in regular trading, trading at 135.9 HKD/share, with turnover of 621 million HKD. The stock rebounded after falling over 8% in the previous session.

On the news front, the company's board of directors is scheduled to convene on August 21 to review interim results for the six months ended June 30. The company previously guided H1 net profit attributable to shareholders of approximately 2.4 to 3.0 billion RMB, representing year-over-year growth of 711% to 914%, with the earnings milestone approaching confirmation. Additionally, BlackRock disclosed its H-share holding ratio rose to 7.35%, sending a clear institutional accumulation signal that supports near-term market sentiment.

Separately, Daiwa recently initiated coverage with a Buy rating and a target price of 152 HKD, citing the company's optical interconnect business gross profit CAGR of 137% and overseas gross profit CAGR of 109%, underpinned by strong positioning in global AI infrastructure demand.

(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.)

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