HK Stock Market Move | FIT HON TENG (06088) rose more than 25% in the afternoon, and the Foxconn Group is expected to significantly benefit from the large-scale shipment of AI server racks.

FIT HON TENG (06088) rose more than 25% in the afternoon, up 18.35% to HKD 5.74 by the time of publication, with a trading volume of HKD 20.63 billion. On the news front, on September 18th, Goldman Sachs stated in its latest research report that it expects Foxconn Industrial Internet to enter a strong profit growth cycle starting from the third quarter of 2025. Goldman Sachs expects that the strong volume of rack-level AI servers starting in the third quarter of 2025 will significantly drive revenue growth. China Securities Co., Ltd. research report believes that the efficiency and yield indicators of Foxconn Industrial Internet GB200 series products have significantly improved, and the launch of the GB300 new product is expected to further unleash the company's revenue and profit growth potential, with an optimistic outlook on the company's AI server business prospects. Public information shows that FIT HON TENG is one of the world's leading server connector manufacturers, with its parent company Foxconn closely cooperating with NVIDIA in the AI field. The group is actively expanding in the AI services sector with a range of new products such as connectors, cables, and memory slots. Changjiang recently pointed out that FIT HON TENG is transforming the huge potential of AI into solid growth momentum, with expected continued profit growth.