HK Stock Market Move | YOFC (06869) rose over 10% to hit a new all-time high, and the company is expected to benefit from the recovery of industry prosperity.

YOFC (06869) soared more than 10%, reaching a high of 87 Hong Kong dollars, refreshing its historical high. As of the time of writing, it has risen by 8.8% to 85.3 Hong Kong dollars, with a trading volume of 875 million Hong Kong dollars. On the news front, the average price of optical fiber has been on the rise recently. According to industry chain research information, the average price of G.652.D optical fiber market has been rising for two consecutive quarters, showing a clear trend of price recovery. At the same time, several companies have indicated that the demand for new optical fiber cable products from overseas data centers has caused a rise in the prices of exported optical fibers. It is expected that domestic optical fiber prices will experience a certain degree of increase in 2026. Previously, Meta and Corning signed a contract for up to 6 billion US dollars for optical fiber cables, for use in AI data centers. Institutions believe that this move confirms the high demand momentum in the optical fiber sector. A recent research report from FIRST SHANGHAI pointed out that the company is a leader in the global optical fiber and cable industry, with a perennially dominant market share in preform rods, optical fibers, and cables. The "PCVD+VAD+OVD" three mainstream preform rod preparation processes have the highest degree of integration, with strong cost control capabilities. The company's performance in the first half of 2025 is under pressure, but the downward trend in volume and price of optical fiber cables in the telecommunications market is nearing its end. The company will fully benefit from the bottoming out and recovery of domestic cycles, hedging of overseas expansion, and the demand upgrade driven by AI computing power, and is about to enter a period of performance growth.