BK1179 Foxconn Concept
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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
FIH Mobile's Unit Enters Into JV; Share Prices Up by 9%
FIH Mobile (HKG:2038) unit FIH Co. entered into an agreement with several partners, including Hon Hai Investment Management (HCM) and Futai International Investment (Futai), to establish a joint ventu
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.
Fuzhikang Group (02038.HK) plans to establish joint ventures with Hon Hai Investment and Futai to mainly invest in utility/renewable energy projects related to solar energy, wind energy and electricity storage in Taiwan
Fuzhikang Group (02038.HK) announced that on April 25, 2024, Fuzhikang International, a wholly-owned subsidiary of the company, entered into a joint venture agreement with other joint ventures (including Hon Hai Investment and Futai), according to the terms and conditions of the joint venture agreement, (a) the joint venture has agreed to establish a joint venture with an authorized share capital of NT$6,000 million (equivalent to approximately US$185.8 million); and (b) Fuzhikang International has agreed to make a total cash investment of NT$125 million (equivalent to approximately US$3.9 million)), which is equivalent to The initial delivery was about 8.08% of the total issued joint venture shares and about 2.08% of the total issued joint venture shares after the minimum target capital was fulfilled.
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
FIH Mobile Limited's (HKG:2038) 33% Price Boost Is Out Of Tune With Revenues
The FIH Mobile Limited (HKG:2038) share price has done very well over the last month, posting an excellent gain of 33%. Unfortunately, the gains of the last month did little to right the losses of
富智康集團：2023年年報
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.
[Broker Focus] CMB International maintains Hongteng Precision (06088) “buy” rating indicating that recent stock price adjustments provide better buying opportunities
Jinwu Financial News | According to CMB International Development Research Report, the bank previously held an NDR meeting with the management of Hongteng Precision (06088). The company's recent stock price was weak, partly due to news reports that Apple's next-generation TWS products will be manufactured at Foxconn's subsidiary, while Foxconn Group has two listed companies in Hong Kong, namely Hongteng Precision and Fuzhikang Group (02038). Fuzhikang Group's stock price has risen 73% in the past week. Hongteng Precision's management reiterated at the NDR meeting that the company's Apple Air Pods production line had climbed very smoothly, and that the Vietnamese plant had already been built in the first quarter
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 | Fuzhikang Group (02038) pulled back more than 9%, with a cumulative increase of more than 75% in the previous five trading days, and global iPhone shipments fell 9.6% in January-March
Fuzhikang Group (02038) pulled back more than 9%, down 9.41% at press time, to HK$0.77, with a turnover of HK$12.63 million.
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.
Apple concept stocks fell across the board, Fuzhikang Group (02038) fell 4.71%, IDC says iPhone shipments fell 9.6% in the first quarter
Jinwu Financial News | Apple concept stocks declined across the board. Fuzhikang Group (02038) fell 4.71%, BYD Electronics (00285) fell 3.36%, Shunyu Optical Technology (02382) fell 3.53%, Gaowei Electronics (01415) fell 2.98%, Qiu Ti Technology (01478) fell 2.94%, and Ruisheng Technology (02018) fell 2.14%. According to a report released by international data company IDC, global smartphone shipments increased 7.8% year-on-year to 289 million units in the first quarter of 2024. The agency believes that shipments have increased for the third consecutive quarter, which has
Changes in Hong Kong stocks | Fuzhikang Group (02038) rose nearly 18% this week and climbed nearly 80% this year's AirPods sales may achieve double-digit growth
Fuzhikang Group (02038) rose nearly 18% again, with a cumulative increase of nearly 80% this week. As of press release, it rose 17.57% to HK$0.87, with a turnover of HK$288.484 million.
Changes in Hong Kong stocks | Fuzhikang Group (02038) rose by more than 11%, Apple will push cheaper AirPods or be OEM by Foxconn
Fuzhikang Group (02038) rose more than 11%, and the cumulative increase this week has already exceeded 55%. As of press release, it rose 10.14% to HK$0.76, with a turnover of HK$28.584 million.
Fuzhikang Group (02038) cancelled 6.3 million shares on April 10
Fuzhikang Group (02038) announced the cancellation of 6.3 million repurchased shares on April 10, 2024.
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