On May 22, FIT Hon Teng rose 4.13% in regular trading, trading at HKD 9.01 per share, with trading volume of approximately HKD 139 million, extending the previous session's rebound momentum.

On the news front, parent company Hon Hai (Foxconn) recently announced at its investor conference that AI servers now account for over 50% of total server revenue, with full-year AI rack shipments expected to double and capital expenditure planned to grow over 30%. Additionally, CPO switches are expected to enter mass production in Q3. As Hon Hai's core high-speed connectivity supplier, FIT Hon Teng continues to benefit from AI computing infrastructure expansion across copper connections, optical modules, and liquid cooling solutions.

The stock had previously experienced consecutive sessions of weakness due to high valuation pressure following its Q1 earnings release, with its P/E ratio at approximately 62.67x, well above the industry average. The parent company's positive AI business outlook has driven a notable recovery from those prior lows.

(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.)