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Yangtze Optical Fibre and Cable Joint Stock, also known as YOFC, is poised to benefit from buoyant demand for AI networking products from AI data-center customers worldwide, Nomura analysts say in a research report. With hyperscale cloud and AI companies continuing to invest proactively in large-language-model training, demand for high-speed, low-latency networking products will probably stay strong in 2025, the analysts say. Given the growing trend of adopting high-speed optical and copper products for large AI data-center clusters, subsidiaries Everprotech and Broadex are likely key beneficiaries. Nomura raises the stock's rating to buy from neutral and the target price to HK$15.00 from HK$13.50. Shares are 6.8% higher at HK$13.12. 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29%","url":"https://stock-news.laohu8.com/highlight/detail?id=2480024719","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2480024719?lang=en_us&edition=fundamental","pubTime":"2024-11-01 15:05","pubTimestamp":1730444756,"startTime":"0","endTime":"0","summary":"Yangtze Optical Fibre And Cable's  attributable profit fell 29% year over year to 195.2 million yuan in the third quarter, according to a Wednesday filing with the Hong Kong Exchange.Earnings per share at the Chinese telecommunications cable manufacturer decreased 28% year over year to 0.26 yuan.Operating income grew 7.5% year over year to 3.35 billion 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