Fit Hon Teng (06088) rose by more than 6% again, with a cumulative increase of more than 30% in the past four trading days. As of press time, it rose by 5.74% to HKD 3.13, with a turnover of HKD 46.9491 million.
According to the Wisers Information Limited, Fit Hon Teng (06088) rose more than 6% again, with a cumulative increase of more than 30% in the past four trading days. As of press time, it rose by 5.74% to HKD 3.13, with a turnover of HKD 46.9491 million.
On the news side, Apple announced its AI strategy. Some analysts believe that Apple has a stronger advantage in the landing of edge-side AI than Android. Nomura believes that as the generative AI foundation gradually consolidates, the landing of the application layer is penetrating from the cloud to the edge, and the landing of edge-side application scenarios such as mobile phones and PCs is gradually opening up. Apple's full-ecosystem scheduling capabilities are expected to help it develop rapidly in the field of edge-side AI, and Apple's entry into the AI terminal will further accelerate the landing of edge-side AI, and is expected to redefine the usage scenarios of edge-side devices and drive the hardware replacement cycle.
CMB International believes that Apple's AI function updates released at WWDC basically meet previous market expectations. Considering that only iPhone 15 Pro series and devices using M1 or updated chips can use Apple Intelligence among the products already launched, the bank expects to see product update and replacement demand in the third quarter of this year. Relevant supply chain companies, including Fit Hon Teng, are expected to benefit. The bank previously pointed out that Fit Hon Teng is one of the world's leading server connector manufacturers, and the management expects its server/interconnect business revenue to increase by 15-20% YoY in 2024.