On June 10, FIT Hon Teng fell 3.59% in regular trading, trading at HK$7.34/share, with trading volume of HK$32.97 million.

On the news front, the stock continues its multi-day pullback following a surge of over 10% on June 3, which was driven by parent company Foxconn securing a major NVIDIA full-optical CPO switch cabinet order with shipment targets raised from 10,000 to 50,000 units. The company currently trades at approximately 47x forward P/E, far exceeding the electronic components industry average.

Adding to selling pressure, Board Chairman Lu Songqing sold 137,000 shares on June 3 at an average price of approximately HK$10.05 per share, totaling around HK$1.38 million. With net profit margins yet to achieve a meaningful breakthrough and the broader electronic components sector remaining weak — LENS down 3.57%, Sunny Optical down 0.59% — the market remains divided on whether earnings delivery can justify the elevated valuation, resulting in continued unwinding of prior gains.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)