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<Research>CMBI Adds FIT HON TENG's TP to HKD6.77 w/ Rating Buy; 3Q Performance in Line
Recommend 10 Positive 9 Negative 19 |
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On the strength of the AI server momentum, synergies in the automotive business, and a record-breaking GPM of 23.5%, FIT HON TENG (06088.HK)'s 3Q25 revenue and net profit grew by 13% and 9% YoY, broadly in line with the guidance and CMBI's estimates, the broker wrote in its research report. FIT HON TENG's management reiterated its optimistic outlook for 2025, including a high single-digit revenue growth and a GPM of 20%. Believing that FIT HON TENG will capitalize on the expansion of its market share and the upgrades of AI server connectivity solutions leveraging its rich product pipelines and synergies with Hon Hai, CMBI raised its target price for the company from HKD4.96 to HKD6.77 and kept the Buy rating unchanged. AAStocks Financial News |
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