Understanding the Market | YOFC fell over 4% again, down 40% from the September high, with both fiber volume and price declining and shareholders liquidating their positions dragging down the stock price

YOFC's stock price fell more than 4% again, hitting a low of HKD 38.5 during the session, down over 40% from the September high of HKD 65. As of the time of writing, the stock price is reported at HKD 38.88, with a trading volume of HKD 582 million. Nomura's research report pointed out that the results of China Mobile's fiber optic bidding show a decline in YOFC's market share and selling price, which is expected to put pressure on profitability, downgrading the rating from "Buy" to "Neutral," with the target price raised to HKD 52. Meanwhile, Draka Comteq B.V. reduced its holdings in YOFC by 37.5953 million H shares through block trading