Jingu Finance News | China Securities Co.,Ltd. released research reports stating that fit hon teng (06088) is a leading global manufacturer in the precision components sector, with Hon Hai as the actual controlling shareholder of the company. In recent years, revenue growth has been under pressure, mainly due to external tensions, slowing demand in end markets, and destocking in the middle and lower reaches of the industry. The company actively responds, seeks growth opportunities, continues to improve its product portfolio, and enhances operational quality. AI brings opportunities for high-speed interconnection in the industry, and the company is actively deploying, expected to benefit fully.
The bank expects the company's revenue for 2024-2026 to be $4.49 billion, $5.35 billion, and $6.07 billion respectively, with net income attributable to the parent company of $0.18 billion, $0.25 billion, and $0.33 billion, corresponding to PE of 15x, 10x, and 8x. First coverage, with a 'buy' rating.
