Woofun AI reports that Nomura Securities maintains a Buy rating on Yangtze Optical Fibre and Cable with a target price of HKD 266. The valuation relies on a forward P/E of 23.7 times against forecasted fiscal year 2027 earnings per share of RMB 9.75.

Nomura observes that Han's Laser Technology and Hegeng Silicon Industry are entering the market, driven by AI data center infrastructure needs. While preform production remains dominated by Corning, Fujikura, and Yangtze Optical due to high technical barriers, Nomura notes that successful capacity expansion by new entrants into high-end fibers could intensify competition and pressure margins.