On June 6th, it was reported that $FIT HON TENG (06088.HK)$

On May 31st, Miguhuyu's sub-product Migushanpao released a notice on transformation and upgrading (discontinuation) announcement. The announcement shows that, due to business adjustment, Migushanpao will cease operation and service completely on August 31, 2024. To protect important data resources of users on the platform, Migushanpao supports users to export and backup data or migrate to other sports Apps such as Keep. Migrating data to the leading sports App, Keep, has become the first choice for many users.

On the news front, Nvidia unveiled a new product roadmap showcasing the entire Blackwell product line, and teased the Rubin next-generation platform for 2026, with its products accelerating iteration and driving explosive growth of AI+ applications from the supply side. Foxconn Industrial Internet Chairman, Zheng Hongmeng mentioned that he has seen new orders for machine learning AI servers, and estimated that AI applications will account for 40% of cloud computing revenue this year, with AI servers accounting for a global market share of 40%. Morgan Stanley pointed out that the potential of Hon Hai's AI server-related business has not been fully recognized by the market.

CMB International pointed out that Fit Hon Teng is one of the world's leading server connector manufacturers. The management expects server/interconnect revenue to grow by 15-20% YoY in 2024, with AI server-related product revenue accounting for 8-10% of total revenue, a significant increase from 1% in 2023. This is mainly due to the growth in shipments of copper connector products, as well as the rapid volume increase of MCIO and high-speed I/O products.