Fit Hon Teng (06088) rose more than 8%, as of press time, it rose 5.83%, to HKD 3.27, with a turnover of HKD 65,486,100.
According to the Wisdom Finance app, Fit Hon Teng (06088) rose more than 8%, as of press time, it rose 5.83%, to HKD 3.27, with a turnover of HKD 65,486,100.
Huaxi Securities' research report pointed out that, under the background of the recovery of consumer electronics demand and the entry of AI smartphones into the native stage, the AI smartphone era led by Apple will accelerate. On the one hand, the upgrading of mobile phone chip parts drives the price and quantity of the AI smartphone industry chain; on the other hand, the linkage with other AI intelligent terminals brings richer experience and more obvious synergistic effects.
CMB International is bullish on Fit Hon Teng with various growth drivers emerging in the second half of 2024 and 2025, benefiting from the strong growth of AI servers, the uplink cycle of AI smartphones/PCs, the progress of new automotive business projects, and the synergistic effects with parent company Foxconn Group in AI server and iPhone businesses. At present, the valuation level is still attractive. In addition, Morgan Stanley raised Foxconn's target price to TWD 255, with the reason being that the replacement demand for iPhone may increase with the launch of Apple's smart phone.