Professional
Added to YB: 2024-10-22
Pitch date: 2024-10-18
6088.HK [bullish]
FIT Hon Teng Limited
+80.65%
current return
Author Info
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Company Info
FIT Hon Teng Limited manufactures and sells mobile and wireless devices and connectors in Taiwan and internationally.
Market Cap
HKD 2.8B
Pitch Price
HKD 3.10
Price Target
4.25 (-24%)
Dividend
N/A
EV/EBITDA
6.39
P/E
16.27
EV/Sales
0.70
Sector
Electronic Equipment, Instruments and Components
Category
growth
FIT Hon Teng (6088 HK) – Upbeat guidance on power busbar and liquid cooling order wins
6088.HK: BUY, TP HK$4.25 (55% upside). Global connector leader. AI server cycle, Voltaira synergy, AirPods ramp-up drive FY24-25E growth. Mgmt expects high single-digit rev growth, 15%+ GP/OP YoY in 2024. AI server wins, Apple cycle boost. FY24E rev/profit +12%/42% YoY. Catalysts: AI updates, AirPods shipment.
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