MB-YOFC@EC2612A

Goldman Sachs Raises Target Price for LONGFEI Fiber Optic Cable

Yangtze Optical Fibre & Cable Sees Significant Revenue and Profit Growth with Technological Breakthroughs and Patents

UBS Maintains Buy Rating on LONGFA Optical Fiber

YOFC released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue HKD 4.19 B (forecast HKD 4.572 B), actual EPS HKD 0.6802 (forecast HKD 0.7199)

ZTE Fiber Optics reports net profit growth of 226.40% in Q1 2026

ZTE Fiber Optic Cable Releases 2025 Annual Report, Emphasizing High-Quality Growth

YOFC to Release FY2026 Q1 Earnings on April 29 After-Market (BJT), Forecast Revenue HKD 4.633 B, EPS HKD 0.7293

Trump Extends US-Iran Ceasefire, Hong Kong Stocks Volatile, Individual Stocks Vary

Optical Communication Stocks Volatile, Fiber Industry Sees Prices and Volumes Surge

ZTEA's stock fell over 10% due to plan by a shareholder to sell up to 1 million shares

CF Ocean Engineering Co., Ltd. Established

E 基金 Holdings Increased Its Stake in LONGFA Optical Fiber

ZTE Fiber Optic Announces Annual Profit Growth of 20.4% and Revenue Growth of 16.8%

Yangtze Optical Fiber and Cable Reports 16.85% YoY Revenue Growth to RMB 14.252 Billion in 2025

YOFC released FY2025 Q4 earnings on March 27 After-Market (BJT), actual revenue HKD 4.422 B (forecast HKD 3.896 B), actual EPS HKD 0.4972 (forecast HKD 0.5745)

YOFC released FY2025 Annual Earnings on March 27 After-Market (BJT), actual revenue HKD 15.58 B (forecast HKD 15.71 B), actual EPS HKD 1.1694 (forecast HKD 1.3068)

ZTE Fiber Publishes Notice on Abnormal Stock Trading Fluctuations

Optical Fiber Cable Price Upward Trend Confirmed

YOFC to Release FY2025 Earnings on March 27 After-Market (BJT), Forecast Revenue HKD 16.1 B, EPS HKD 1.3068

Yangtze Optical Fiber and Cable Demonstrates Progress in Hollow Fiber Technology

RADIANCE HLDGS

ANCHORSTONE

RIVERINE CHINA

REACH NEW HLDGS

FINELAND LIVING

NUR HOLDINGS

GOLDEN LEAF INT

UBOT HOLDING

MAN YUE TECH

02050

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06869

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SANHUA(02050) rose 6.84%, with a trading turnover 1.8 Billion HKD, and a year-to-date fell 6.3%. Lens(06613) rose 5.23%, with a trading turnover 779.6 Million HKD, and a year-to-date fell 11.4%. YOFC(06869) fell 12.14%, with a trading turnover 5.0 Billion HKD, and a year-to-date rose 331.3%. HUA HONG SEMI(01347) fell 8.74%, with a trading turnover 7.1 Billion HKD, and a year-to-date rose 56%.

Top Gainers&Losers

SANHUA

Lens

GIGADEVICE

WUXI BIO

OMNIVISION

YOFC

HUA HONG SEMI

BIREN TECH

CHALCO

Top 5 HK Stock Gainers/Losers (>100B) (5.15)

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02477

02940

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PEGBIO CO-B(02565) fell 18.5%, with a trading turnover 104.2 Million HKD, and a year-to-date fell 83.8%. WELLCELL HOLD(02477) fell 15.3%, with a trading turnover 362.7 Million HKD, and a year-to-date rose 38.8%. WELLCELL HOLD(02940) fell 14.83%, with a trading turnover 61.4 Million HKD, and a year-to-date rose 40.6%.

PEGBIO CO-B

WELLCELL HOLD

METIS TECHBIO-P

JINHAI MED TECH

NUOBIKAN

EPIWORLD

INNOSCIENCE

SICC

Top 10 HK Stock Losers (5.15)

YOFC fell 12.14%; Cambridge Technology fell 7.25%, with a transaction amount reaching HKD 1.003 billion; ZTE Corporation fell 4.28%, with a transaction amount reaching HKD 378 million; BYD Electronics fell 5.01%, with a transaction amount reaching HKD 160 million; Feisuke Innovation fell 5.11%, with a market value of HKD 17.3 billion

HK Stock Alerts

BYD ELECTRONIC

FS.COM

Hong Kong stock movement: YOFC fell 12.14%, raising market concerns over passive fund inflows and shareholder turnover

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Yesterday, the stock price of YOFC surged significantly, closing at HKD 271.20, an increase of 4.55%. The intraday fluctuation ranged from HKD 265.40 to HKD 283.00, indicating a clear bullish attack. The MACD daily chart has established a bullish signal, and short-term buying power is accelerating, which is typically seen as the initial momentum for confirming a phase trend. The trading volume reached approximately HKD 4.342 billion, reflecting a significant increase in recent activity, with high enthusiasm from investors. From yesterday's opening price of HKD 274.00, slightly below the peak, the stock showed a pattern of opening lower and then rising throughout the day before retreating at the top, but still closed well above yesterday's close of HKD 259.40, indicating a clear bullish advantage. On the news front, global demand for AI computing power continues to explode, and optical communication, as the core infrastructure for data center interconnection, has recently gained significant market attention. Institutions point out that the "memory tax" effect is driving up costs across the entire AI infrastructure supply chain, while optical fibers and cables, as the "veins" of the computing network, have seen their demand elasticity amplified in this round of capacity expansion. YOFC, as the world's largest supplier of optical fiber preforms and optical fibers and cables, directly benefits from the capital expenditure growth cycle of domestic and foreign operators and cloud providers. Meanwhile, the central bank's Q1 monetary policy report removed references to "reserve requirement ratio cuts and interest rate cuts," leading to a stabilization of short-term liquidity expectations, with funds more inclined to allocate to high-growth sectors with strong performance certainty. From a technical perspective, the current stock price has significantly risen above the short-term moving average system, and the 5-day and 10-day moving averages are likely to form a bullish arrangement today

Technical Forecast

Fullgoal CSI Communication Equipment Thematic ETF

Guotai CSI All Share Communications Equipment ETF

Pre-market trend | YOFC (6869.HK) surged over 4% on May 12 with increased volume, is the main upward wave starting?

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SIGENERGY(06656) rose 6.7%, with a trading turnover 173.6 Million HKD, and a year-to-date rose 74.3%. HENGRUI PHARMA(01276) rose 4.84%, with a trading turnover 1.4 Billion HKD, and a year-to-date fell 2.5%. KNOWLEDGE ATLAS(02513) fell 6.56%, with a trading turnover 779.8 Million HKD, and a year-to-date rose 622.9%. MINIMAX-W(00100) fell 6.31%, with a trading turnover 881.7 Million HKD, and a year-to-date rose 318.5%.

SIGENERGY

HENGRUI PHARMA

CRRC

PETROCHINA

KNOWLEDGE ATLAS

MINIMAX-W

FAST RETAIL-DRS

WEICHAI POWER

Top 5 HK Stock Gainers/Losers (>100B) (5.12)

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On the afternoon of May 12, the Hong Kong stock market continued its narrow fluctuation pattern, with the Hang Seng Tech Index's decline expanding. Structural opportunities in the market became prominent: Hengrui Pharma and Bristol Myers Squibb (BMS) reached a global strategic cooperation worth over $10 billion, driving the innovative drug sector to surge against the market trend; Kuaishou clarified that the spin-off of Kuaishou AI is still in the preliminary evaluation stage, with its stock price continuing to strengthen and ranking among the top in trading volume. Meanwhile, the semiconductor sector was dragged down by overseas market sentiment, while resource stocks performed actively against the backdrop of rising international oil prices

Market Pulse

KUAISHOU-W

SMIC

POP MART

Weichai Power

Hengrui Pharma

Bristol Myers Squibb

160 HEALTH

MONTAGE TECH

Montage Technology

HANS CNC

XL2CSOPHYNIX

XL2CSOPSMSN

Corning

NVIDIA

ZIJIN MINING

Zijin Mining

CNOOC

TRACKER FUND

TENCENT

BABA-W

CSOP HS TECH

HSCEI ETF

Hua Hong

SMIC HK SDR 5to1

POP MART HK SDR 20to1

Bristol-Myers Squibb Company

KUAISHOU-WR

Han's CNC

NVIDIA Corporation

PetroCN HK SDR 1to2

CNOOC-R

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Alibaba

BABA-WR

Alibaba HK SDR 5to1

Hong Kong stocks intraday | The three major indices fluctuated narrowly, the innovative drug sector strengthened significantly, and Kuaishou clarified the rumors of a spin-off and performed actively

On May 12th, the Hong Kong stock market closed at noon, showing a significant structural differentiation pattern. The Hang Seng Index and the Hang Seng China Enterprises Index both rose slightly, while the Hang Seng Tech Index fell slightly due to the drag from heavyweight stocks. Kuaishou surged nearly 4% in half a day, leading the trading volume, stimulated by the news of its subsidiary "Keling AI" planning to spin off and list independently; the optical communication and resource sectors performed actively, with PetroChina leading the blue chips. Meanwhile, influenced by short-selling bubble warnings and sentiment factors, the previously strong semiconductor sector experienced collective profit-taking, with SMIC and Hua Hong Semiconductor leading the declines

- The Hong Kong stock market's major indices showed mixed results, with the Hang Seng Index rising by 0.30% to 26,486.63 points while the Hang Seng Tech Index fell by 0.39% to 5,086.61 points.  
- Kuaishou's stock surged 3.78% after news of its AI division's planned spin-off, and the optical communications sector benefited from a partnership between Nvidia and Corning.  
- Concerns about an impending correction in AI stocks and inflation data due from the U.S. could impact market liquidity and investor sentiment.

Hang Seng Index

Hang Seng China Enterprises Index

Hang Seng TECH Index

JIANGXI COPPER

JCCL

Goldman Sachs

BANK OF CHINA

Bank Of China

ICBC

CHINA RES LAND

GS Hldg R

BOC HONG KONG

Bank of China

Hong Kong Stock Market Mid-Review | The three major indices show structural differentiation, Kuaishou surges due to the positive impact of AI spin-off, and the semiconductor sector collectively retreats

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YOFChas extended its four-day rally, reaching a new high with a current trading price of HKD271, up 4.47%. G Sachs reported a 28% YoY revenue increase in 1Q26, although slightly below expectations. The gross margin improved significantly to 41.5%. Net profit surged 226% YoY to RMB495 million, but also fell short of forecasts. G Sachs raised its earnings forecasts for 2026-2028 and increased the target price for YOFC's H-shares from HKD255 to HKD290, maintaining a Neutral rating.

AASTOCKS News

Yinhua CSI 5G Communication Theme ETF

CHINA TELECOM

YOFC Stretches 4-Day Rally to New High; G Sachs Lifts TP to HKD290

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The People's Bank of China (PBOC) will maintain a moderately accommodative monetary policy and improve interest rate regulation. The RMB central parity against the USD is set at 6.8426, up 41 bps MoM. The three major A-share indices opened higher, with the Shanghai Composite up 0.1%, Shenzhen Component up 0.3%, and ChiNext up 0.5%. LQKJ fell over 3%, while YANGTZE OPTICAL FIBRE rose 1.4%. Bank stocks showed mixed results, with ICBC slightly up and CCB slightly down.

ChiNext

SSE Index

Shenzhen Index

Hwabao WP CSI Banks ETF

Huaan CSI Banks ETF

Fullgoal CSI 800 Banks ETF

ChinaAMC CSI Banks ETF

WP CSI Banks ETF

BYD COMPANY

CATL

Cambricon

MetaX

Moore Threads

Wingtech

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

CATL HK SDR 30to1

Three Major Indices Open 0.1%0.5% Higher; LQKJ  Falls Over 3%

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Yesterday's closing price for PUTIAN COMM was HKD 0.64, with a trading volume of approximately HKD 6.06 million, showing significant signs of activity recently. The MACD daily line formed a golden cross signal above the zero axis, which typically indicates that short-term funds are tentatively positioning at the bottom for low-priced stocks, with buying power beginning to awaken from dormancy. The stock price is operating in a very low price range, with the market rhythm primarily showing slight upward fluctuations. On the news front, the communication equipment sector is overall in a rising cycle. NVIDIA is accelerating the advancement of the next-generation AI chip platform, and the expansion of data centers is driving continuous growth in demand for communication infrastructure. The Hong Kong stock market's communication equipment sector performed strongly yesterday, with YOFC rising 5.45% and TIME INTERCON increasing by over 7%, showing clear signs of heat spreading to small and mid-cap targets. As a participant in the communication equipment field, PUTIAN COMM has gained attention from funds due to the sector rotation effect. From a technical perspective, the stock price of HKD 0.64 is at a historical low range, and the appearance of the MACD golden cross injects some upward momentum into the short-term trend. Recently, the trading volume has increased from previous low levels, indicating that incremental funds are entering at low levels. However, the technical indicators for low-priced stocks have relatively limited reference value, and actual trends are more influenced by capital games and market sentiment. It is particularly important to note that low-priced stocks have extremely high volatility, with daily price fluctuations potentially being quite severe, and the company's fundamental information is relatively limited, so investors should fully assess liquidity risks. The technical indicators show bullish signals, but the uncertainty is high, requiring cautious handling

PUTIAN COMM

TIME INTERCON

Pre-market trend | PUTIAN COMM (1720.HK) shows unusual activity in low-priced telecom stocks on May 11, is short-term capital testing the waters?

I am still bullish about banks. The 3 local banks have strong balance sheets and are reliable payers of dividends.

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Qualcomm

SIA Engineering

Western Digital

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MB-YOFC@EC2612A(29158.HK)

Top 5 HK Stock Gainers/Losers (>100B) (5.15)

Top 10 HK Stock Losers (5.15)

Hong Kong stock movement: YOFC fell 12.14%, raising market concerns over passive fund inflows and shareholder turnover

Pre-market trend | YOFC (6869.HK) surged over 4% on May 12 with increased volume, is the main upward wave starting?

Top 5 HK Stock Gainers/Losers (>100B) (5.12)