06088 FIT HON TENG
- 2.300
- -0.060-2.54%
FIT HON TENG News
FIT Hon Teng (HKG:6088) Seems To Use Debt Quite Sensibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' When we think about how risky a company is, we always like
Changes in Hong Kong stocks | Hongteng Precision (06088) is expected to rise by more than 11% and is expected to turn a loss into profit in the first quarter. Management will provide more information updates on the results
Hongteng Precision (06088) rose more than 11%. As of press release, it rose 11.32% to HK$2.36, with a turnover of HK$585.22,300.
Changes in Hong Kong stocks | Hongteng Precision (06088) is expected to rise more than 5%, and net profit for the first quarter is expected to turn a year-on-year loss into profit. Management says it will continue to increase production capacity for Apple
The Zhitong Finance App learned that Hongteng Precision (06088) rose by more than 5%. As of press release, it had risen 5.05% to HK$2.08, with a turnover of HK$13.868,500. According to the news, Hongteng Precision recently announced that the Group's net profit for the three months ending March 31, 2024 is estimated to be between 7 million US dollars and 10 million US dollars, with a loss of about 9 million US dollars for the same period last year. The turning of losses into profit in the first quarter was mainly due to improvements in management efficiency and a gradual recovery in demand in the computer and consumer electronics and network equipment terminal markets. CMB International previously released a research report saying that Hong Tengjing
Changes in Hong Kong stocks | Hongteng Precision (06088) rebounded by nearly 5% and expected net profit for the first quarter to be no less than 7 million US dollars, turning a year-on-year loss into profit
Hongteng Precision (06088) rebounded by nearly 5%, falling more than 25% over the past four trading days. As of press release, it rose 4.95% to HK$1.91, with a turnover of HK$13.1483 million.
Changes in Hong Kong stocks | Hongteng Precision (06088) once fell more than 7% in 4 days, and its stock price fell 20% in the first quarter, and net profit is expected to turn a loss into a profit
Hongteng Precision (06088) once fell by more than 7%. As of press release, it was down 4.43% to HK$1.94, with a turnover of HK$23.934 million.
Fit Hon Teng to Return to Black in Q1; Shares Slide 9%
Fit Hon Teng (HKG:6088) expects a net profit between $7 million and $10 million for the first quarter ended March 31, compared with a net loss of about US$9 million a year earlier, according to a Mond
FIT HON TENG (06088.HK) expects net profit of 7 million US dollars to 10 million US dollars for the first quarter to reverse losses year on year
Gelonghui, April 15 | FIT HON TENG (06088.HK) announced that the Group's unaudited net profit for the first quarter of 2024 is estimated to be between US$7 million and US$10 million, while the unaudited net loss for the first quarter of 2023 is about US$9 million. The net loss for the first quarter of 2023 was converted to net profit for the first quarter of 2024, mainly due to (1) the improvement in the Group's management efficiency and (2) the gradual recovery in demand in the computer and consumer electronics and network equipment terminal markets.
FIT HON TENG: POSITIVE PROFIT ALERT
Changes in Hong Kong stocks | Hongteng Precision (06088) fell more than 5%, institutions say the market is concerned about the increase and distribution of Apple TWS orders
Hongteng Precision (06088) fell by more than 5%, falling nearly 20% over the past three days. As of press release, it decreased by 2.86% to HK$2.04, with a turnover of HK$10.2497 million.
Changes in Hong Kong stocks | Hongteng Precision (06088) rose by nearly 4%, and Hon Hai spent 120 million US dollars to invest in Mexico. Outsiders speculate that it is necessary to expand AI production capacity
The Zhitong Finance App learned that Hongteng Precision (06088) has increased by nearly 4%, and the cumulative increase since the beginning of February has exceeded 160%. As of press release, it rose 3.39% to HK$2.44, with a turnover of HK$63.7871 million. According to media reports, Hon Hai announced on April 3 that it would spend 120 million US dollars to expand its investment in Mexico. Outsiders speculate that Hon Hai's move will expand AI server production capacity, expand cooperation with Nvidia on all aspects of AI chip modules, substrates, servers and cabinets, and ship them to CSPs such as Amazon AWS, Microsoft, and Google in North America. CMB International previously released research
Changes in Hong Kong stocks | Hongteng Precision (06088) rose nearly 7%, and Hon Hai spent 120 million US dollars to invest or expand AI server production capacity in Mexico
The Zhitong Finance App learned that Hongteng Precision (06088) has increased by nearly 7%, rising 1.5 times since the beginning of February. As of press release, it rose 5.02% to HK$2.3, with a turnover of HK$306.319 million. According to media reports, on April 3, Hon Hai issued an announcement stating that the company will spend 120 million US dollars to expand its investment in Mexico. Outsiders believe that Hon Hai has received a large order for artificial intelligence servers from Nvidia and an American cloud service provider, and is expected to be manufactured in Mexico in the future to meet the needs of the North American AI server market. CMB International previously released a research report saying that in the latest generation Nvidia GB20
Is It Too Late To Consider Buying FIT Hon Teng Limited (HKG:6088)?
FIT Hon Teng Limited (HKG:6088), is not the largest company out there, but it received a lot of attention from a substantial price increase on the SEHK over the last few months. The company is i
Changes in Hong Kong stocks | Hongteng Precision (06088) has risen by nearly 4% since the beginning of March to double the copper interconnection industry chain to welcome volume opportunities
Hongteng Precision (06088) has increased by nearly 4%, and its stock price has doubled since the beginning of March. As of press release, it rose 2.83% to HK$2.18, with a turnover of HK$24.696 million.
Changes in Hong Kong stocks | Hongteng Precision (06088) rose more than 8%, and the copper interconnection trend determined that copper cable connection products are expected to drive the company's future growth
Hongteng Precision (06088) rose more than 8% in early trading. As of press release, it had risen 8% to HK$2.16, with a turnover of HK$36.4892 million.
Changes in Hong Kong stocks | Hongteng Precision (06088) rose more than 6% in early trading, institutions say copper cable connection products will become one of the company's future growth drivers
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.
CMB International: Maintaining Hongteng Precision (06088) “Buy” Rating and Raising the Target Price to HK$2.42
The Zhitong Finance App learned that CMB International released a research report stating that maintaining the Hongteng Precision (06088) “buy” rating, the target price was raised 9.5% from HK$2.21 to HK$2.42. The bank said the company is ready to benefit from the trend of artificial intelligence server (copper-based component products) connectivity. Affected by new products launched in the fourth quarter of 2023, artificial intelligence-related products (mainly copper) will account for 8%-10% of sales in 2024. The bank is positive about the growing trend of copper connections in AI servers, and expects annual network and server growth of 15% to 20% in 2024. In the report
Changes in Hong Kong stocks | Hongteng Precision (06088) rises more than 5%, doubles its stock price within a month, and the company's share of revenue in AI infrastructure construction is expected to increase
Hongteng Precision (06088) increased by more than 5%, doubling its stock price within the month. As of press release, it rose 4.43% to HK$2.12, with a turnover of HK$17.7911 million.
Changes in Hong Kong stocks | Hongteng Precision (06088) rose more than 8% in the intraday period and doubled its stock price in a month, institutions say its growth momentum is showing this year
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.
Changes in Hong Kong stocks | Hongteng Precision (06088) rose more than 8% more than 85% in a month. Institutions say the development of the electric vehicle business will exceed market expectations
Hongteng Precision (06088) increased by more than 8%, with a cumulative increase of more than 85% during the month. As of press release, it rose 7.95% to HK$1.9, with a turnover of HK$22.6681 million.
Changes in Hong Kong stocks | Hongteng Precision (06088) rose nearly 7% more, rising nearly 70% in a month, FY24's outlook surpassed market expectations
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.
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