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UBS initiated coverage on China's optical fiber and cable industry, stating that the market has overestimated the risk of "overcapacity" by 2027, and raised its price target for Yangtze Optical Fibre and Cable (YOFC) H-shares to HKD 330.
UBS noted that China's optical fiber sector has corrected 37% from its June high, but investors' concerns about overcapacity and peak earnings in 2027 are significantly overestimated. The bank believe
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UBS initiated coverage on China's optical fiber and cable industry, stating that the market has overestimated the risk of "overcapacity" by 2027, and raised its price target for Yangtze Optical Fibre and Cable (YOFC) H-shares to HKD 330.
UBS noted that China's optical fiber sector has corrected 37% from its June high, but investors' concerns about overcapacity and peak earnings in 2027 are significantly overestimated. The bank believe
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