Fit Hon Teng (06088) rose by more than 5%, and its cumulative increase this year has exceeded 1.5 times. As of press time, it has risen 5.28%, with a price of HKD 2.99 and a turnover of HKD 75.85 million.
According to the Zhongtong Finance App, Fit Hon Teng (06088) rose by more than 5%, and its cumulative increase this year has exceeded 1.5 times. As of press time, it has risen 5.28%, with a price of HKD 2.99 and a turnover of HKD 75.85 million.
On the news front, Apple has announced its AI strategy. CMB International believes that the AI function updates that Apple released at the WWDC basically meet the market's previous expectations. Considering that only devices such as the iPhone 15 Pro series and devices with M1 or updated version chips can use Apple Intelligence in the products already launched. The bank expects that the third quarter of this year will usher in product update replacement needs. Related supply chain companies, including Fit Hon Teng, will benefit.
In addition, the electronics contract manufacturer, Quanta, previously stated that servers using NVIDIA GB200 are expected to start mass production in September 2024. It is reported that GB200 uses a high-speed copper cable solution, and the value of a single NVL72 copper cable is about 500,000 yuan. CMB International pointed out that Fit Hon Teng is one of the world's leading server connector manufacturers. The management expects that the server/interconnection business income in 2024 will increase by 15-20% year-on-year, and the income from AI server-related products will account for 8-10% of the revenue, a significant increase compared to 1% in 2023.