On July 29, FIT HON TENG fell 5.14% in regular trading, trading at HK$4.61/share, with turnover of approximately HK$78.60 million.

On the news front, optical communication and storage concept stocks have continued to weaken in recent sessions, with the sector extending its correction. Meanwhile, weak global smartphone shipment data has intensified market concerns. According to Counterpoint, Q2 global smartphone shipments fell 11% year-over-year, hitting the lowest Q2 level since 2013. IDC also projected that China smartphone shipments could decline approximately 20% year-over-year in the second half of the year. Analysts noted that smartphone industry chain companies are unlikely to deliver earnings beats.

FIT HON TENG carries dual exposure to optical communication connectors and the smartphone supply chain, subjecting it to significant selling pressure as both sectors weaken simultaneously. Within the Electronic Components sector, the broader group declined notably, with VGT down 10.85%, KB Laminates down 7.41%, and Kingboard Holdings down 6.06%.

(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.)