DBS: Upgrades YOFC (06869) rating to "Buy," target price HK$259

Zhito Finance APP has learned that DBS issued a research report stating that it has upgraded the rating of Yangtze Optical Fibre and Cable (06869) from "Fully Valued" to "Buy", with a target price of HK$259, based on 20 times the forecast price-to-earnings ratio for the 2027 fiscal year, one standard deviation above the historical average, reflecting improved earnings visibility, increased exposure to artificial intelligence data center demand, and domestic telecom carrier price resets.