HK Stock Market Move | FIT HON TENG (06088) falls against the trend by more than 3%, with the stock price falling more than 30% from its annual high.

FIT HON TENG (06088) fell more than 3% against the trend, with the current stock price dropping more than 30% from its yearly high. As of the time of writing, it fell by 2.77% to 4.57 Hong Kong dollars, with a turnover of 2.27 billion Hong Kong dollars. In terms of news, a recent research report from Changjiang pointed out that FIT HON TENG is strategically positioning itself in AI data centers and the electric vehicle field based on the "3+3" strategy. The company is accelerating breakthroughs in areas such as optical modules, high-speed connectors, and liquid cooling technology. With global manufacturing advantages and deep integration with industry trends, the company is transforming the AI wave into sustainable profit growth momentum, and the company's profit prospects are worth looking forward to. It is worth noting that Foxconn Industrial Internet, a subsidiary of Hon Hai Group, hit the limit down today. The company stated on the interactive platform that the overall operations in the fourth quarter, including the shipment of products such as GB200 and GB300, are proceeding according to the established plan, with strong customer demand and normal production and shipment. The company has not lowered its profit target for the fourth quarter to the market, and there is no undisclosed information that should be disclosed. Meanwhile, the development of next-generation products in cooperation with customers is also progressing smoothly according to the previous plan.