The Zhitong Finance App learned that Hongteng Precision (06088) rose more than 6% in early trading. As of press release, it had risen 6.19% to HK$2.06, with a turnover of HK$22.04 million.
CMB International released a research report saying that in the latest generation Nvidia GB200 NVL72 cabinet design, more than 5,000 copper cables are included to achieve better cost and power savings. The bank believes that copper cable connection products for servers will become one of the future growth drivers for Hongteng Precision.
According to the report, the company indicates that the future server connector product market TAM will reach 1.7 billion US dollars by 2025, and the bank believes that the company is expected to gain 20-30% of the market share. The synergy between the company and Foxconn Group's business will also help the company enter the supply chain of mainstream server ODM/CSP manufacturers around the world.