0627 GMT - The key driver of earnings at Yangtze Optical Fibre and Cable Joint Stock, also known as YOFC, should be artificial intelligence, Nomura analysts say in a research report as they maintain a buy rating on the stock. Regarding AI, management has noted that hallow-core fiber, which offers lower latency for data center transmission, may begin commercialization this year, and YOFC holds a strong leadership position in this segment, the analysts say. Additionally, YOFC's subsidiaries' optical transceiver and high-speed copper businesses could see further upside, they add. Nomura raises the stock's target price to HK$18.60 from HK$15.00, citing a higher estimated 2026 EPS forecast. Shares are up 2.9% at HK$16.26. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 01, 2025 02:27 ET (06:27 GMT)
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