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<Research>M Stanley Initiates Coverage on FIT HON TENG (06088.HK) w/ Rating Outperform, Anticipates Notable Future AI Rev. Growth
Recommend 10 Positive 11 Negative 13 |
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Morgan Stanley released a research report estimating that FIT HON TENG (06088.HK)'s AI revenue contribution will increase from less than 5% in FY2024 to approx. 25% in FY2027, driving a CAGR of 16% and over 40% for revenue and net profit. The broker believed that FIT HON TENG is well-positioned within the Hon Hai Group, and is likely to benefit from the AI component trend. Morgan Stanley initiated coverage on FIT HON TENG, with rating at Outperform and a target price of $8, corresponding to a projected PE ratio of 22x/ 17x for FY2026/ 2027. Morgan Stanley forecasted FIT HON TENG's AI revenue to grow significantly over the next 2-3 years, and believed that this positive development is not yet fully reflected in the current share price, viewing FIT HON TENG as a key driver of AI infrastructure. AASTOCKS Financial News Website: www.aastocks.com |
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