Hongteng Precision (06088) increased by nearly 7%, rising nearly 70% during the month. As of press release, it rose 4.88% to HK$1.72, with a turnover of HK$347.37 million.
The Zhitong Finance App learned that Hongteng Precision (06088) increased by nearly 7%, rising nearly 70% during the month. As of press release, it rose 4.88% to HK$1.72, with a turnover of HK$347.37 million.
CMB International indicated that the company's FY23 results were in line with previous guidelines. In terms of the FY24 outlook, the company's annual revenue and gross profit are expected to achieve double-digit year-on-year growth, gross margin will trend to 20%, operating expenses are expected to be effectively controlled, and the overall guidance exceeds market expectations.
CICC, on the other hand, pointed out that looking ahead to 2024, we believe that the company's share of revenue in AI infrastructure construction may increase, and at the same time, the company is actively globalizing or boosting its revenue from major North American customers. Looking at the medium to long term, I am optimistic that Hongteng will focus on the layout of its three business categories of automotive electronics, audio, and AIoT, implement the company's “3+3” strategy, and superimpose the company's introduction of products related to AI server components. The company's revenue growth is worth looking forward to.