Movement Alert|FIT HON TENG Falls 5.94% in Regular Trading, CPO Mass Production Timeline Dispute Persists Amid High Valuation Selling Pressure

Market Focus06-26 09:43

On June 26, FIT HON TENG fell 5.94% in regular trading, trading at HK$6.96/share, with turnover of HK$109 million.

On the news front, the ongoing dispute over CPO (Co-Packaged Optics) mass production timelines continues to weigh on the stock. A SemiAnalysis report previously suggested CPO large-scale production could be delayed to 2028 or even 2029. Although NVIDIA executives publicly rebutted this claim and confirmed no delay to the second-half CPO delivery schedule, market divergence on the production ramp timeline remains unresolved.

FIT HON TENG has now seen significant cumulative pullback from its June 3 high. The stock's dynamic PE ratio of approximately 45x remains well above the electronic components industry average. Additionally, Board Chairman Lu Songqing previously reduced holdings at an average price of approximately HK$10.05 per share. Following failed technical rebounds, concentrated selling pressure from both profit-taking and trapped positions accelerated the decline. The broader optical communication sector also came under pressure on the same day, with Sunny Optical falling over 7%.

(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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