FIT HON TENG：Upbeat 3-year guidance reaffirmed our positive view; Raise TP to HK$4.38

14 Nov 2024 Earnings Summary CMB International Global Markets | Equity Research | Company Update FIT Hon Teng (6088 HK) Upbeat 3-year guidance reaffirmed our positive view; Raise TP to HK$4.38 We raise TP to HK$4.38 (40% upside) following a strong set of three-year guidance (2025-27) announced for the first time: 1) 20% revenue CAGR during FY25-27E, 2) GPM/OPM target of 22%/8% by FY27E. Mgmt. reiterated key growth drivers into 2025-27: 1) Al server/networking: biz momentum backed by GB200 ramp and product p ...