FIT HON TENG (06088) surged over 11%, rising 11.55% to HK$5.41 with trading volume of HK$924 million as of press time.

On the news front, FIT HON TENG held its inaugural Technology Day on September 17. In his opening remarks, Chairman Lu Songqing emphasized that "data and power" will be the core pillars of AI mobility. Additionally, FIT HON TENG announced plans to establish its first Middle East manufacturing base in Saudi Arabia through its joint venture company Smart Mobility, primarily for producing electric vehicle charging stations. Construction is scheduled to begin in December this year.

Lu Songqing stated that the factory is expected to commence production in 2026, marking an important strategic move for the group's expansion into the automotive sector. The company anticipates automotive revenue to reach $700 million this year.

Furthermore, on the evening of September 18, NVIDIA and Intel announced joint development of multiple generations of customized data center and personal computing products to accelerate processing of various applications and workloads across hyperscale computing, enterprise, and consumer markets.

Public information shows that FIT HON TENG is one of the world's leading server connector manufacturers. Its parent company Foxconn maintains close cooperation with NVIDIA in the AI field. Currently, the group is actively deploying various new products in AI services, including connectors, cables, memory slots, and other components.

Recent analysis indicates that FIT HON TENG is successfully converting AI's enormous potential into solid growth momentum, with sustained profit growth expected.