FIT Hon Teng (06088) again rose more than 6%, with a cumulative stock price increase of more than twice this year. As of press time, it rose 6.05%, reported HKD 3.68, with a turnover of HKD 102 million.
According to the WiseFinance app, FIT Hon Teng (06088) has risen more than 6% again, with a cumulative stock price increase of more than twice this year. As of press time, it rose 6.05%, reported HKD 3.68, with a turnover of HKD 102 million.
Zhongyin International expressed 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 up-cycle of AI mobile phones/PCs, the progress of new auto projects, and the synergies with its parent company Foxconn Group in AI server and iPhone businesses. The current valuation level is still attractive.
In addition, Zhang Bokai, head of Goldman Sachs Greater China technology industry research department, analyzed that the shipping momentum of iPhone and AI servers are the key drivers for Foxconn's future operational growth. Morgan Stanley raised Foxconn's target price to NTD 255, citing the potential increase in demand for iPhone upgrades after the launch of Apple's new smart phone.