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Insiders At FIT Hon Teng Sold US$126m In Stock, Alluding To Potential Weakness
Hongteng Precision (06088) surged more than 7% in the afternoon, Nvidia GB200 is about to see a substantial increase in trading volume, expected to contribute significantly to the company's performance.
Fit Hon Teng (06088) rose more than 7% in the afternoon, as of the deadline, up 7.06%, trading at 2.73 Hong Kong dollars, with a turnover of 46.9563 million Hong Kong dollars.
[Brokerage Focus] CMB International: Apple's FY4Q24 performance exceeds expectations, focusing on the progress of Apple Intelligence and ChatGPT integration.
Jingu Financial News | CICC International stated that Apple announced its fourth quarter financial performance for the 2024 fiscal year last Friday (November 1), with a 6% year-on-year increase in revenue and a 12% year-on-year increase in adjusted earnings per share, outperforming previous market expectations. The adjustments primarily involve one-time tax expenses related to an EU ruling, leading to a 34% year-on-year decline in unadjusted earnings per share. This quarter, iPhone business revenue and comprehensive gross margin performance exceeded market expectations. Apple achieved record-high revenues in most regions this quarter, with revenue in China narrowing significantly but still weaker than market expectations. Looking ahead.
CMB International's investment rating and target price for Apple's supply chain-related stocks (table)
China Merchants International has released a research report on Apple's supply chain related stocks, with investment ratings and target prices as follows: Stock | Investment Rating | Target Price (HKD) AAC Tech (02018.HK) | Buy | HK$37.8 BYD Electronic (00285.HK) | Buy | HK$44.4 FIT Hon Teng (06088.HK) | Buy | HK$4.3 Luxshare Precision Industry (002475.SZ) | Buy | HK$55.1 RMB Q Tech (01478.HK) | Buy | HK$6.4 Sunway
Apple (AAPL.US) underperformed in the last quarter's revenue in greater China, while Sunny Optical (02382.HK) fell 4% against the market.
Apple (AAPL.US) reported a 36% decrease in last quarter's earnings, with Greater China revenue dropping by 0.3% to 15 billion US dollars, below expectations. Apple supplier stocks (1st day) performed inversely in the market, with Sunny Optical (02382.HK) opening high by 0.49% before falling back, currently at 48.55 yuan, down by 4.15%, with a trading volume of 6.3791 million shares, involving 0.314 billion yuan. AAC Tech (02018.HK) is currently trading at 30.5 yuan, down by 3.02%, with a trading volume of 3.1573 million shares, involving 96.8675 million yuan. Cowell (01415.HK) is currently trading at 23.45 yuan, down by 2.7%.
Honton 6088 (06088.HK) subsidiary invested $50 million to acquire a 50% stake in a joint venture.
Hongteng 6088 (06088.HK) announced that its direct wholly-owned subsidiary, Foxconn Interconnect Technology Singapore Pte. Ltd. (FIT Singapore), entered into a subscription agreement with an independent third party of the group yesterday (23rd). It is reported that, subject to the fulfillment or waiver of certain conditions precedent under the subscription agreement, FIT Singapore has agreed to subscribe for new shares of the joint venture Smart Mobility SJSC and inject an amount equivalent to through several stages of funding.
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