Movement Alert｜FIT Hon Teng Falls 3.26% in Regular Trading, CPO Mass Production Timeline Dispute Continues to Pressure Stock After Prior Bounce

Market Focus06-23

On June 23, FIT Hon Teng fell 3.26% in regular trading, trading at HKD 7.89/share, with turnover of HKD 85.21 million. The decline came as the stock resumed its downward trajectory following a technical rebound in the prior session.

On the news front, SemiAnalysis previously published a report suggesting CPO (Co-Packaged Optics) mass production could be delayed to 2028 or even 2029, triggering a sustained selloff across the optical communications sector. Although NVIDIA executives publicly rebutted the claim and confirmed no delay to second-half CPO switch production plans, market disagreement over the production timeline remains unresolved. FIT Hon Teng has retreated over 30% from its June 3 high, with its dynamic P/E ratio of approximately 47x still far exceeding the electronic components industry average. Additionally, Chairman Lu Songqing previously sold 137,000 shares at an average price of approximately HKD 10.05 per share on June 3, and profit-taking alongside trapped-position selling pressure re-emerged after the prior session's technical bounce, extending the stock's volatile downtrend.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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