Movement Alert｜FIT Hon Teng Falls 3.04% in Regular Trading, High Valuation Pressure Triggers Pullback After Recent Rally

Market Focus05-29

On May 29, FIT Hon Teng fell 3.04% in regular trading, trading at HKD 8.94 per share, with trading volume of approximately HKD 217 million.

The decline came as elevated valuation concerns resurfaced following a string of gains. The company currently trades at a price-to-earnings ratio of approximately 52 times, far exceeding the industry average. The stock had previously rallied on news that parent company Foxconn secured a major full-optical CPO switch cabinet order from NVIDIA, with delivery targets raised substantially from 10,000 to 50,000 units. Additionally, Foxconn announced that AI servers now account for over 50% of its total server revenue, with annual AI rack shipments expected to double and capital expenditure planned to grow over 30%.

However, with net profit margins yet to achieve a meaningful breakthrough, the market remains divided on whether earnings delivery can keep pace with the elevated valuation. Foreign investors have continued to sell heavily in recent sessions, and short-term profit-taking pressure has re-emerged, causing the stock to retrace part of its recent gains.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Foreign investors have continued to sell heavily in recent sessions, and short-term profit-taking pressure has re-emerged, causing the stock to retrace part of its recent gains.</p><p>(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. 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