Movement Alert|YOFC Drops 4.23% in Regular Trading, BlackRock Continues Reducing Stake Amid Post-Rally Profit-Taking Pressure

Market Focus
13 hours ago

On August 31, YOFC fell 4.23% in regular trading, trading at 168.9 HKD/share, with turnover of approximately HKD 250 million. The decline comes as multiple headwinds converge on the stock following a sharp post-earnings rally.

On the institutional front, BlackRock has been steadily trimming its H-share holdings, with its stake dropping from 7.35% to 6.83% in recent sessions, signaling sustained outflows from a major institutional investor. Meanwhile, Goldman Sachs only marginally raised its target price to HKD 292 from HKD 290 while maintaining a Neutral rating, reflecting a cautious stance despite strong fundamentals.

YOFC previously reported H1 net profit of RMB 2.925 billion, surging 889% year-over-year, driven by rising fiber product ASPs and AI data center demand. Revenue reached RMB 9.809 billion, up 53.6%. The stock had rallied sharply on these results, gaining over 9% on August 27 alone, before retreating 5.28% on August 28. Short-term profit-taking pressure at elevated levels continues to weigh on the share price.

(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.)

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