Stock Track | FIT HON TENG Plummets 5.09% Intraday in Technical Pullback After CPO News-Driven Surge

Stock Track05-14

FIT HON TENG's stock plummeted 5.09% during Thursday's intraday session, marking a sharp reversal from recent gains.

The decline represents a technical pullback after the stock surged over 15% on the previous trading day to an all-time high. That rally was fueled by reports that its parent company, Foxconn Group, delivered full-optical CPO (Co-Packaged Optics) switch cabinets to NVIDIA ahead of schedule and received significantly upgraded shipment targets for 2026-2027.

Following the rapid ascent, the stock's valuation became elevated, with a trailing price-to-earnings ratio of 56.1x, leading to profit-taking and a correction. The company's recent positive Q1 earnings and growth in AI-related business were already factored into the prior rally, contributing to the intraday consolidation.

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