On June 18, FIT Hon Teng (06088.HK) fell 3.31% in regular trading, trading at HKD 7.61, with turnover of HKD 45.49 million.

On the news front, the ongoing controversy over CPO (Co-Packaged Optics) mass production timelines continues to weigh on the stock. SemiAnalysis previously published a report suggesting CPO scaled production could be delayed to 2028 or even 2029, citing system-level yields of only approximately 19% versus the 85% threshold required for mass production. Although NVIDIA executives publicly rebutted the claim and confirmed that CPO switch deliveries in the second half of this year remain on schedule, market divergence over the production ramp timeline has not been resolved.

FIT Hon Teng has retreated over 30% from its June 3 high. Its dynamic P/E ratio of approximately 47x remains well above the electronic components industry average. Additionally, Chairman Lu Songqing previously sold 137,000 shares at an average price of approximately HKD 10.05, compounding selling pressure from both profit-taking and trapped positions.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)