On June 5, YOFC (Yangtze Optical Fibre and Cable) rose 3.03% in regular trading, trading at HK$268.0 per share, with trading volume of HK$2.08 billion.
On the news front, FTSE Russell announced on June 3 that YOFC will be added to the FTSE China 50 Index, with the adjustment taking effect after market close on June 18. As a widely tracked benchmark for global index funds, the inclusion will trigger mandatory passive fund buying around the effective date. Additionally, the company was also added to the HKEX Tech 100 Index, effective June 15.
On fundamentals, domestic G.652.D single-mode fiber prices have surged from below RMB 20 per fiber-km in early last year to approximately RMB 83.4 per fiber-km by March, representing cumulative gains exceeding 400%. Institutions note that optical preform capacity expansion lags behind fiber demand, while AI data center buildouts, overseas telecom recovery, and emerging applications create overlapping demand drivers. Analysts believe the supply shortage will persist, underpinning a historic upcycle for the fiber optic sector.
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