On May 29, Yangtze Optical Fibre and Cable rose 3.72% in regular trading, trading at 219.4 HKD/share, with trading volume of HKD 1.274 billion. The stock rebounded after consecutive sharp declines that saw it retreat over 25% from its historical high of 283 HKD.

The prior selloff was triggered by Japanese optical fiber leader Fujikura's stock nearly halving within one week, sparking concerns that some data center projects face delays due to material bottlenecks and supply chain constraints. Between May 26 and May 27, Yangtze Optical Fibre accumulated losses exceeding 10%.

However, fundamental support remains intact. The company reported Q1 net profit of RMB 495 million, up 226.4% year-over-year, with gross margin reaching a record 41.51%. Optical fiber prices continued their upward trajectory, with G.652.D single-mode fiber prices surging over 400%. Huatai Securities noted that as high-price orders are expected to be confirmed from Q2 onwards, profit elasticity should accelerate further. Market funds showed signs of re-entering positions following the oversold correction.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)