BP-YOFC@EC2611A

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

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

02513

02476

03986

06869

06613

02015

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KNOWLEDGE ATLAS(02513) rose 9.33%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 878.5%. VGT(02476) rose 8.47%, with a trading turnover 2.7 Billion HKD, and a year-to-date rose 75.7%. LI AUTO-W(02015) fell 14.15%, with a trading turnover 3.6 Billion HKD, and a year-to-date rose 0.1%. CHINA RES MIXC(01209) fell 6.19%, with a trading turnover 346.3 Million HKD, and a year-to-date rose 6.7%.

- The Hang Seng Index decreased by 1.11%, with a year-to-date increase of 0.2%.  
- The Hang Seng Tech Index fell by 1.95%, reflecting a year-to-date decline of 12.2%.  
- Notable stock movements include Zhizhu's 9.33% increase and an 878.5% cumulative rise for the year, alongside Lixiang Auto's 14.15% drop with minimal year-to-date growth.

Top Gainers&Losers

KNOWLEDGE ATLAS

GIGADEVICE

YOFC

Lens

LI AUTO-W

CHINA RES MIXC

AKESO

GEELY AUTO

CHINA RES LAND

Top 5 HK Stock Gainers/Losers (>100B) (5.18)

02050

02269

00501

01347

06082

02600

01208

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%.

SANHUA

WUXI BIO

OMNIVISION

HUA HONG SEMI

BIREN TECH

CHALCO

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

02565

02477

02940

07666

02225

02635

02726

02577

02631

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

MINIMAX-W

FAST RETAIL-DRS

WEICHAI POWER

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

01024

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

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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399001

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.

BP-YOFC@EC2611A(29340.HK)