🟢 Yangtze Optical Fibre And Cable is trading 5% up today after Daiwa’s Buy initiation

Yangtze Optical Fibre And Cable is trading at HK$155.50, up 4.93%, after Daiwa initiated coverage with a Buy rating and HK$152 target price.

• The company’s H1 profit alert forecast net income growth of 711% to 914% year over year.
• Optical-communications peers also strengthened on August 17, reinforcing sector momentum.