Recent sell-off looks overdone; AirPods production in Vietnam on track in 1H24E

G MN 12 Apr 2024 CMB International Global Markets | Equity Research | Company Update FIT Hon Teng (6088 HK) Recent sell-off looks overdone; AirPods production in Vietnam on track in 1H24E Target Price HK$2.42 We hosted a NDR call with FIT Hon Teng (FIT)’s mgmt. yesterday (11 Apr). (Previous TP HK$2.42) Share price has been weak recently, partly due to investor concerns on Apple’s Up/Downside 12.6% TWS order ramp-up and allocation, in our view. Mgmt. stated that first Current Price HK$2.15 production line of ...