Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
06088 FIT HON TENG
RTNominal up2.000 +0.060 (+3.093%)
Research Report

02/03/2021 17:34

CMBIS trims FIT Hon Teng (06088) to HK$3.63; "buy"

[ET Net News Agency, 2 March 2021] CMB International Securities (CMBIS) trimmed its
target price for FIT Hon Teng (06088) to HK$3.63 from HK$4.1 and maintained its "buy"
rating.
FIT issued a profit warning for FY2020. The research house believes recent 30% stock
correction has priced in FY2020 weakness, and strong PC WFH (work from home) demand,
Belkin's new TWS (true wireless stereos)/wireless products, and EV momentum will drive
earnings recovery of 76%/16% in FY2021/22.
CMBIS also expects FIT to accelerate 5G/smart home product launches, such as 5G handset
antenna, backplanes in base stations. In particular, it expects a better revenue mix with
fewer iPhone earphone/optical modules will boost profitability and drive earnings recovery
in FY2021. It expects FIT's earnings to rebound 76%/16% in FY2021/22. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.