Core Viewpoint - Hongteng Precision (06088) experienced a significant decline of over 12% in stock price, marking three consecutive days of losses, despite a month-to-date increase of nearly 85% [1] Financial Performance - For the first half of the year, the company reported revenue of $2.305 billion, an increase of 11.53% year-on-year [1] - The net profit attributable to shareholders was $30 million, reflecting a year-on-year decrease of 7.53% [1] - The increase in revenue was overshadowed by a decline in core business performance and rising costs, which compressed profit margins, resulting in a small increase in gross profit and a decrease in gross margin [1] Analyst Insights - Minsheng Securities noted that the increase in income tax expenses contributed to the decline in net profit and earnings per share, indicating pressure on profitability [1] - CMB International adjusted its guidance for smartphones, consumer internet, and system products downward due to tariff and macro uncertainties, but maintained a positive outlook on the company's "3+3 strategy" for cloud and AI server products and AirPod production acceleration [1] - The firm revised its earnings per share forecast for the company down by 5% to 15% for the years 2023 to 2027, reflecting the first-half performance and new business guidance, while raising the target price from HKD 3.48 to HKD 4.96, maintaining a "Buy" rating [1]
港股异动 | 鸿腾精密(06088)午前跌超12% 月内仍累涨近85% 上半年业绩承压但机构仍看好公司战略