Hong Kong Stock Market News | Hongteng Precision rose nearly 4% again, doubling since early March, as the copper interconnection industry chain welcomes a surge in trading volume
Hongteng Precision rose nearly 4%, with its stock price doubling since the beginning of March. As of the time of writing, it rose by 2.83% to HKD 2.18, with a turnover of HKD 24.6906 million. Minsheng Securities stated that NVIDIA's new product GB200 is expected to become a high-volume product, with its GPU internal connection using a copper cable technology solution, and the related supply chain is expected to benefit from the increase in volume opportunities. The firm pointed out that Hongteng Precision launched the 224G high-speed I/O series products at DesignCon this year. In addition, the company has also developed excellent copper connection solutions, especially in chip center architecture, including common packaging solutions, near-chip connectors, and the 224G internal cable to IO family series products. CICC previously pointed out that Hongteng Precision's network equipment and computer-related business revenue face short-term growth pressure. However, the proportion of revenue from AI infrastructure construction may increase, and the company's active global layout may drive revenue growth from its North American major clients
According to the Wise Finance APP, Hongteng Precision (06088) has risen by nearly 4% again, doubling its stock price since early March. As of the time of publication, it has increased by 2.83% to HKD 2.18, with a turnover of HKD 24.69 million.
Minsheng Securities stated that NVIDIA's new product GB200 is expected to become a high-volume product. The technology solution using copper cables for internal GPU connections is expected to bring volume opportunities to its related supply chain. The firm pointed out that Hongteng Precision launched the 224G high-speed I/O series products at DesignCon this year. In addition, the company has also developed excellent copper connection solutions, especially in chip center architecture, including common packaging solutions, near-chip connectors, and a family series of 224G internal cables to IO.
CICC previously pointed out that Hongteng Precision's network equipment and computer-related business revenues face short-term growth pressure. However, the revenue share in AI infrastructure construction may increase, and the company's active globalization layout may drive revenue growth from major North American customers
