CMB International Securities analyst Alex NG reiterated a Buy rating on FIT Hon Teng Limited today and set a price target of HK$7.33.
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Alex NG has given his Buy rating due to a combination of factors tied to FIT Hon Teng’s accelerating exposure to AI-driven infrastructure. He highlights that upcoming server architecture upgrades and a robust roadmap in interconnect, power, liquid cooling, and co-packaged optics should push AI-related sales to grow rapidly, with AI products forming a much larger share of total revenue by FY27.
He also expects improving profitability as the higher-margin cloud and datacenter businesses expand, more than offsetting softness in smartphones and consumer electronics. With earnings estimates raised, a higher target valuation multiple applied, and the shares still trading below historical peak multiples, he sees room for further re-rating as AI revenue contribution climbs over 2026–2027, supporting his Buy recommendation.