Can Mixed Fundamentals Have A Negative Impact on FIT Hon Teng Limited (HKG:6088) Current Share Price Momentum?
FIT Hon Teng's (HKG:6088) stock is up by a considerable 75% over the past three months. However, we decided to pay attention to the company's fundamentals which don't appear to give a clear sign
FIT Hon Teng Unit to Buy Assets of Automotive Electric Energy Distribution System Firm
Electrical component manufacturer FIT Hon Teng's (HKG:6088) unit FIT Voltaira Autokabel Gruppe will purchase all assets of AK Group for 72.5 million euros, subject to certain adjustments, a Thursday
FIT Hon Teng Limited Announces Major Acquisition
Fit Hon Teng (06088) plans to acquire Auto-Kabel Group's assets for 72.5 million euros through the Hong Kong stock connect program.
Hongteng Precision (06088) announced that it has entered into a purchase agreement with FIT GmbH, FIT Voltaira and each seller to acquire the target assets of Auto-Kabel Group (AK Group). The proposed transaction price will be 72.5 million euros (subject to adjustments, if applicable, upon completion of the transaction). The announcement stated that AK Group has decades of experience in the automotive industry and is a leader in innovation of high-voltage power distribution systems for automobiles, providing custom, highly flexible and best-matching products and solutions for automotive OEMs, covering cables, high-voltage connectors, fuses.
FIT Hon Teng (06088) subsidiary plans to acquire the target assets of AK Group.
FIT HON TENG (06088) announced that on July 10, 2024 and...
Express News | Foxconn Interconnect Technology - Consideration for Transactions Shall Be EUR72.5 Mln
Express News | Foxconn Interconnect Technology - Acquisition of Auto-Kabel Group
China International Capital Corporation: Can Hong Kong's mobile phone chain maintain stability and achieve unexpected feats in the era of Apple's AI?
In the era of edge AI, Apple enters the field of edge AI innovation, which is expected to drive interaction innovation, function upgrades/appearance changes, and closed-source ecology resonance. Android manufacturers may follow suit, and from 2H24 to 2025, Apple and Android industry chains may enjoy mutual prosperity. Hong Kong stock mobile phone chain is expected to deeply participate in the wave of innovation.
Hongteng Precision (06088) surged more than 3% in Hong Kong Stock Market. AI connection products and new earphone products may continue to be introduced into the supply chain of major customers next year.
According to the WiseNews app, Fit Hon Teng (06088) rose more than 3%. As of the time of publication, it has risen 3.24% to HKD 3.82, with a turnover of HKD 87.2165 million. CICC's research report stated that it maintains its rating of "outperforming the industry" for Fit Hon Teng. This year's R&D investment will drive the introduction of AI connection products and headphone products into major customers next year, which will to some extent increase the company's valuation and switch the valuation to 2025, and raise the target price by 46% to HKD 3.62. Fit Hon Teng released a half-year performance forecast, expected to achieve a net profit of $2,800 to $33 million in the first half of the year.
Brokerage focuses on Zhongyin International's target price for Fit Hon Teng (06088), which is 76.7%, indicating a clear trend of business growth.
Jingu Wealth News | CMB International released a research report stating that Hon Teng Precision (06088) has announced a profit increase in 1H24. The company is expected to have net income between 28-33 million US dollars in 1H24, mainly driven by the recovery of PC and server business revenue. Its performance has significantly improved compared to a loss of 9 million US dollars in the first half of last year. However, the stock price was under pressure after the results, and the bank believes that this is mainly due to the fact that the company's 1H24 profit figures announced are slightly weaker than the market's previous expectations. Investors are concerned about whether the company can achieve its full-year performance guidance target and the Voltaira auto electronics business due to the new AirPods production line.
Hongteng Precision (06088) rebounded by more than 12% with net profit expected to increase by more than 28 million US dollars in the first half of the year, and plans to acquire assets of multiple automotive business companies.
Fit Hon Teng (06088) rebounded by more than 12%, after dropping 14% yesterday. As of press time, it rose by 12.13% to HKD 3.42, with a turnover of HKD 58.1922 million.
FIT Hon Teng Expects a Turnaround With Up to $33 Million H1 Profit; Business Expansion on Cards
FIT Hon Teng (HKG:6088) expects a net profit of roughly $28 million to $33 million for the six months ending June 30, compared with the loss of about $9 million in the prior year, according to a Monda
Hongteng Precision (06088) plummeted more than 8% in Hong Kong stock market. It is expected to turn losses into profits in the midterm, up to a maximum of 33 million US dollars, and intends to acquire the assets of multiple auto companies.
Fit Hon Teng (06088) plunged more than 8%. As of press time, it fell by 8.45% to HK$3.25 and the turnover was HK$54.4953 million.
Fit Hon Teng (06088) expects to turn a profit of up to 33 million US dollars in the middle of the year.
Fit Hon Teng (06088) announced that it expects to record unaudited net income of approximately $28 million to $33 million for the six months ending on June 30, 2024, while unaudited net losses for the same period last year were about $9 million. The announcement indicated that the main reason for the expected turnaround from losses to profits is the improvement in the group's management efficiency and the gradual recovery of demand in the computer and network terminal markets.
FIT HON TENG (06088) is in negotiations to acquire several assets and shares from companies engaged in the autos business.
FIT HON TENG (06088) announced to expand the group's autos business and related electrification products...
FIT Hon Teng Eyes Profit Rebound and Potential Acquisition
FIT Hon Teng: Higher Contributions From Computing Business Supported Results>6088.HK
FIT Hon Teng: Higher Contributions From Computing Business Supported Results>6088.HK
FIT Hon Teng Sees 1H Net $28.0M-Net $33.0M >6088.HK
FIT Hon Teng Sees 1H Net $28.0M-Net $33.0M >6088.HK
FIT Hon Teng Expects to Swing to Profit in 1H >6088.HK
FIT Hon Teng Expects to Swing to Profit in 1H >6088.HK
FIT HON TENG (06088.HK) Yingxi: expected net income of USD 28 million to USD 33 million in the first half of the year.
FIT HON TENG (06088.HK) announced on July 8th that for the six months ending June 30, 2024 (the "first half of 2024"), the Group is expected to record an unaudited net income of approximately $28 million to $33 million, while the unaudited net loss for the six months ended June 30, 2023 (the "first half of 2023") was approximately $9 million. The net loss in the first half of 2023 turned into net income in the first half of 2024, mainly due to the improvement of the Group's management efficiency and the computer and network terminal market.
No Data