On July 6, FIT Hon Teng fell 5.15% in regular trading, trading at HK$6.50/share, with turnover of approximately HK$79.87 million. The stock resumed its decline after a brief technical rebound on July 3, reflecting unresolved pessimism over Apple supply chain order visibility.
On the news front, Apple previously announced global price increases of 17% to 25% across Mac, iPad, and multiple hardware product lines, citing unprecedented memory and storage cost pressures. Goldman Sachs subsequently cut its global smartphone shipment forecast by 4% to 1.14 billion units, widening the projected year-over-year decline from -6% to -10%. As a core Apple supply chain member, FIT Hon Teng faces continued headwinds from weakening end-demand expectations and diminished order clarity.
The broader Electronic Components sector extended its weakness, with VGT down 4.18%, KB Laminates down 3.85%, Sunny Optical down 3.33%, and Lens Technology down 0.77%, reflecting sustained systemic selling pressure across the sector.
(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.)
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