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FIT Hon Teng Set to Update Corporate Governance
Changes in Hong Kong stocks | Hongteng Precision (06088) rose more than 10% this year, server/interconnect business revenue is expected to increase 15-20% year-on-year
The Zhitong Finance App learned that Hongteng Precision (06088) has increased by more than 10%, with a cumulative increase of more than 160% since the beginning of March. As of press release, it rose 9.35% to HK$2.69, with a turnover of HK$687.442 million. CMB International pointed out that Hongteng Precision is one of the world's leading server connector manufacturers. Management expects server/interconnection business revenue to increase by 15-20% year-on-year in 2024, and AI server-related product revenue will account for 8-10% of revenue, a significant increase compared to 1% in 2023. It is mainly driven by increased shipments of copper connector products, and includes MCI
Changes in Hong Kong stocks | Hongteng Precision (06088) rose more than 6%. The TWS business is expected to start increasing annual revenue in the second half of the year or achieve double-digit growth
Hongteng Precision (06088) rose more than 6%. As of press release, it had risen 6.17% to HK$2.41, with a turnover of HK$36.1072 million.
Changes in Hong Kong stocks | Hongteng Precision (06088) is now up more than 5%, demand for underlying computing power infrastructure is expanding, Damo says Hon Hai's AI server potential is underestimated
The Zhitong Finance App learned that Hongteng Precision (06088) is now up more than 5%. As of press release, it has risen 5.26% to HK$2.21, with a turnover of HK$22.205 million. CICC pointed out that the rapid iteration of AI models is continuing to drive the expansion of demand for underlying computing power infrastructure. Zheng Hongmeng, chairman of Fidelity Industries, a subsidiary of Hon Hai, said recently that he has seen the visibility of new orders for generative AI servers. It is estimated that AI applications will account for 40% of the revenue of cloud computing projects this year, and AI servers will account for 40% of the global market. Damo previously pointed out that the potential related to Hon Hai's AI server has not been fully understood by the market. Hong
Pulling Back 4.1% This Week, FIT Hon Teng's HKG:6088) One-year Decline in Earnings May Be Coming Into Investors Focus
The simplest way to invest in stocks is to buy exchange traded funds. But you can significantly boost your returns by picking above-average stocks. For example, the FIT Hon Teng Limited (HKG:6088) s
Changes in Hong Kong stocks | Hongteng Precision (06088) is now up more than 7%, and IFF expects AI server market share to reach 40%, Damo says Hon Hai's related potential is underestimated
Hongteng Precision (06088) is now up more than 7%. As of press release, it has risen 5.83% to HK$2.36, with a turnover of HK$19.0938 million.
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