According to the Zhitong Finance app, Fit Hon Teng Precision (06088) has risen by over 8% again, with a cumulative increase of nearly 220% this year. As of the time of writing, it has risen by 7.16% to HKD 3.74, with a turnover of HKD 85.5068 million.

Zhong Yin International stated that it is bullish on Fit Hon Teng's various growth drivers emerging in the second half of 2024 and 2025, benefiting from the strong growth of AI servers, the upturn cycle of AI phones/PCs, new projects in the automotive business, as well as the synergies with its parent company, Foxconn Group, in AI servers and iPhone businesses. At present, the valuation level is still attractive. Guotai Junan pointed out that the rapid growth of the AI industry has brought many growth opportunities for data center interconnection, and optical module manufacturers and connector manufacturers like Fit Hon Teng will benefit from it.

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.