Hong Kong Stock Movement | FIT HON TENG (06088) Surges Over 10% as Company Embraces AI Era, Analysts Expect Profit Growth

Stock News
Sep 10

FIT HON TENG (06088) surged over 10%, rising 11.34% to HK$4.33 with trading volume of HK$893 million as of press time.

On the news front, Apple's 2025 autumn product launch event was held today, unveiling four new iPhone models, AirPods Pro 3, and three 5G versions of Apple Watch. FIT HON TENG is the world's fourth-largest connector manufacturer, with products spanning consumer electronics, mobile devices, telecommunications infrastructure, automotive, and industrial sectors. Its clients include major technology companies such as Apple.

According to previous reports, Apple is extensively negotiating with its suppliers to advance automation in its supply chain. Suppliers must transition to automation if they want to continue receiving orders from Apple.

An investment research report indicates that the company not only continues to deepen its presence in electric vehicles and consumer electronics but is also actively embracing the AI era. Products such as optical modules, connectors, and liquid cooling systems are expected to secure leading positions amid the explosive demand from artificial intelligence and data centers. Through global expansion and exceptional manufacturing capabilities, FIT HON TENG is transforming AI's enormous potential into solid growth momentum, with sustained profit growth anticipated.

The company's projected revenue for 2025-2027 is $4.915 billion, $5.558 billion, and $6.274 billion respectively, with net profit attributable to shareholders expected to reach $177 million, $218 million, and $267 million.

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