Movement Alert｜FIT Hon Teng Falls 3.12% in Regular Trading, CPO Mass Production Timeline Dispute Triggers Continued Pullback

Market Focus06-16

On June 16, FIT Hon Teng fell 3.12% in regular trading, trading at 7.77 HKD/share, with turnover of approximately 71.99 million HKD.

On the news front, the stock continues to face selling pressure following a report by SemiAnalysis suggesting CPO (Co-Packaged Optics) mass production may be delayed to 2028 or even 2029, which triggered a deep correction across the optical communication sector. FIT Hon Teng has retreated over 30% from its June 3 high, when shares surged more than 10% on news that parent company Foxconn secured a major NVIDIA full-optical CPO switch cabinet order with shipment targets raised from 10,000 to 50,000 units.

The stock's dynamic P/E ratio remains at approximately 47x, far exceeding the electronic components industry average. Additionally, Chairman Lu Songqing sold 137,000 shares at an average price of approximately 10.05 HKD on June 3. Following a rebound in the prior session, profit-taking and trapped-position selling pressure re-emerged, extending the consolidation pattern.

(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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