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<On Move>FIT HON TENG Gains Expand to 26%+ After Midday, Logging 7.5-yr High w/ Total ~1.2x Surge in <2 Wks
Recommend 24 Positive 30 Negative 26 |
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FIT HON TENG (06088.HK) opened 1.8% lower this morning (15th) before surging, and its gain further widened after midday. The stock once rocketed about 28% to a high of $5.74, an about-7.5-year high since January 2018, and last printed at $5.65, up 26.12%. Trading volume was 371 million shares, involving $1.925 billion. Based on its closing price of $2.57 on 4 August, the stock has risen nearly 1.2x in less than two weeks. FIT HON TENG recently announced its interim results for the six months ended June. Net profit amounted to US$31.51 million, down 3.1%. Despite guidance for smartphones, consumer interconnect and system products were lowered due to tariffs and macroeconomic uncertainties, CMBI remained positive about the Company's “3+3 strategy” performance in 2026 and 2027, based on accelerated production of cloud and AI server products and AirPods, with rating at Buy, according to CMBI's research report. AAStocks Financial News Website: www.aastocks.com |
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