HK Stock Market Move | YOFC (06869) rose by over 9% to create a new high during trading. Institutions state that fiber optic cable products are expected to continue to increase in both quantity and price.

YOFC(06869) rose more than 9% in midday trading, reaching a high of 92.1 Hong Kong dollars to hit a new record high. As of the time of writing, it increased by 7.05% to 89.6 Hong Kong dollars, with a turnover of 1.964 billion Hong Kong dollars. On the news front, Meta previously announced that it will pay Corning $6 billion by 2030 to purchase fiber optic cables for its AI data centers. According to Opticomm Communications, the average tax-inclusive price of domestic G.652.D fiber optic cables was about 25 yuan/core kilometer in the fourth quarter of 2025, an increase of about 25% compared to the second quarter of 2025. FIRST SHANGHAI believes that the company is a leader in the global fiber optic cable industry, with fiber preforms, fiber optics, and cable market share consistently ranking first globally. Against the backdrop of increasing demand for AI computing power, the company is expected to benefit from the upgrading of fiber optic demand and the strong overseas market demand, with the potential for continuous price increases and profit growth in its fiber optic cables and components products.