On August 19, FIT HON TENG declined 5.01% in regular trading, trading at HK$5.015/share, with turnover of HK$87.65 million.

On the news front, the electronic components sector saw broad-based weakness, with KB Laminates down 7.65%, VGT down 8.62%, LENS down 5.75%, Kingboard Holdings down 5.94%, and Sunny Optical down 3.56%, reflecting sector-wide selling pressure.

Additionally, the company disclosed interim results on August 10 showing that despite attributable profit rising 20.9% year-over-year to US$38.1 million, operating profit declined 29.5%. Revenue from the PC and consumer electronics segment fell 20.6% due to upstream memory chip shortages. The stock had previously plunged over 14% on August 11 in reaction to the earnings release. After a brief rebound, including a 5.59% gain on August 17 driven by handset supply chain optimism and CPO volume expectations, the stock has resumed its downward trajectory as structural earnings concerns continue to weigh on sentiment.

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