Yangtze Optical Fibre and Cable 6869

[winston]

not vested

Yangtze Optical Fibre and Cable 长飞光纤光缆 (6869 HK)

YOFC is the global market leader in optical fibre preform, optical fibre and optical fibre cable in terms of sales volume.

The company is one of the best proxies to China’s burgeoning investment in wireless and fixed-line communication networks as YOFC’s preform is essential to data transmission infrastructure and has the fastest capacity growth to capture demand growth.

China Mobile is catching up with China Telecom in the fixed-line broadband business, and 5G will create another round of strong demand.

We suggest a BUY with a target price of HK$40.40.

http://en.yofc.com/

Source: UOBKH