Fit Hon Teng (06088) is now up more than 3%, as of press time, up 2.91%, at HK$3.18, with a turnover of HK$73.4648 million.
Zhong Tong Finance APP learned that Fit Hon Teng (06088) is now up more than 3%, as of press time, up 2.91%, at HK$3.18, with a turnover of HK$73.4648 million.
CMB International has released a research report stating that in terms of the performance guidance for 2Q24/FY24E, the management said the current business development is basically in line with the previous guidance and there is potential for improvement in mobile and network interconnection businesses. Looking forward to 2025, the company's core growth drivers are still the continued increase in AirPods, AI server connected products, and auto business.
The bank believes that it is bullish on the various growth drivers emerging in the second half of 2024 and 2025 for Fit Hon Teng, benefiting from the strong growth of AI servers, the upcycle of AI mobile/PCs, new projects in auto business, and the synergies with its parent company Foxconn Group in AI server and iPhone businesses. The current valuation level is still attractive.