Hong Kong Stock Movement | FIT HON TENG (06088) Falls Over 3% Against Market Trend, Down More Than 30% from Yearly High

Stock News11-24

FIT HON TENG (06088) declined over 3% against the broader market trend, with its current share price dropping more than 30% from its yearly peak. As of press time, the stock was down 2.77% to HKD 4.57, with a trading volume of HKD 227 million.

Recent research from Changjiang Securities highlighted that FIT HON TENG is strategically positioning itself in AI data centers and the electric vehicle sector under its "3+3" strategy. The company is making rapid advancements in optical modules, high-speed connectors, and liquid cooling technologies. Leveraging its global manufacturing strengths and alignment with industry trends, FIT HON TENG is transforming the AI wave into sustainable profit growth, with promising earnings prospects.

Notably, Foxconn Industrial Internet, a subsidiary of Hon Hai Group, saw its shares hit the daily limit down during trading. The company clarified on an investor platform that its Q4 operations, including shipments of GB200 and GB300 products, are progressing as planned, with strong customer demand and normal production and delivery. It confirmed no downward revision to Q4 profit targets and stated there was no undisclosed material information. Additionally, the development of next-generation products in collaboration with clients remains on schedule.

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