[ET Net News Agency, 12 September 2017] CICC Research downgraded FIT Hon Teng (06088)
to "hold" from "buy" after a 47% rally since 13 July, and maintained its target price
unchanged at HK$6.02.
The research house said it still likes FIT as a good proxy for Hon Hai's cloud & auto
transformation, but its current share price fairly reflects its current business. CICC
suggested that investors take profit and wait for additional catalysts to materialize,
such as as auto M&A and product expansion in Apple's 2018 product cycle.
It said the stock is trading at 27.1x/21x 2017/18 P/E, in line with its peers. (KL)
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06088 FIT HON TENG
Nominal 
2.030 +0.150 (+7.979%) Others
12/09/2017 14:11
[I-bank focus]CICC downgrades FIT Hon Teng (06088) to "hold"
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