Hongteng Precision (06088) rose more than 8% intraday, doubling its stock price during the month. As of press release, it rose 7.33% to HK$2.05, with a turnover of HK$73.581 million.
The Zhitong Finance App learned that Hongteng Precision (06088) rose more than 8% intraday and doubled its stock price during the month. As of press release, it rose 7.33% to HK$2.05, with a turnover of HK$73.581 million.
CMB International pointed out that in 2024, several product lines of Hon Hai Precision ushered in new product launches and business breakthroughs. Growth momentum is showing, the product portfolio continues to be optimized, and the network connectivity business division's product portfolio adjustments are nearing completion. The bank is optimistic that the company will achieve an increase in revenue and continue to expand profit margins in 2024.
CICC, on the other hand, said that in the medium to long term, it is 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.