On July 30, FIT HON TENG fell 5.15% in regular trading, trading at 4.59 HKD/share, with turnover of approximately 49.54 million HKD. This marks the third consecutive session of over 5% declines for the stock.

On the news front, optical communication and storage concept stocks have continued to weaken in recent sessions, with the sector extending its correction. Meanwhile, global smartphone shipment data remains soft, with Q2 shipments falling 11% year-over-year to the lowest Q2 level since 2013. Multiple research institutions have projected further declines in shipments for the second half of the year, with IDC estimating China smartphone shipments could drop approximately 20% year-over-year.

FIT HON TENG carries dual exposure to both optical communication connectors and the smartphone supply chain, subjecting it to intensified selling pressure as both sectors weaken simultaneously. Within the Electronic Components sector, the broader industry declined sharply, with KB Laminates down 7.23%, Sunny Optical down 6.86%, VGT down 6.51%, Lens down 6.46%, and Kingboard Holdings down 4.04%.

(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.)