Movement Alert|FIT Hon Teng Falls 3.54% in Regular Trading, CPO Mass Production Timeline Dispute Continues to Weigh on Stock

Market Focus06-17

On June 17, FIT Hon Teng fell 3.54% in regular trading, trading at HK$7.67/share, with turnover of HK$43.48 million. The decline extends the stock's volatile consolidation pattern amid ongoing market debate over CPO commercialization timelines.

On the news front, SemiAnalysis previously published a report suggesting CPO mass production could be delayed to 2028 or even 2029, triggering a deep correction across the optical communication sector. Although NVIDIA's senior executive publicly refuted the report and confirmed that CPO switch delivery plans for the second half of the year remain on track, market divergence over production ramp timing has not been resolved. FIT Hon Teng has now retreated over 30% from its June 3 high.

Adding to selling pressure, the company's dynamic P/E ratio remains at approximately 47x, far exceeding the electronic components industry average. Board Chairman Lu Songqing previously reduced his holdings by 137,000 shares at an average price of approximately HK$10.05 on June 3. Following a brief rebound, profit-taking and trapped-position selling pressure has resurfaced, driving the continued pullback.

(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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