Understanding the Market | FIT HON TENG rose over 11% and will build an electric vehicle charging station factory in Saudi Arabia, the company's AI multi-product layout accelerates
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FIT HON TENG's stock price rose by more than 11%, closing at HKD 5.41, with a trading volume of HKD 924 million. The company will establish an electric vehicle charging station factory in Saudi Arabia, expected to start production in 2026, with plans to begin construction this December. FIT HON TENG anticipates that its revenue in the automotive sector will reach USD 700 million this year and is actively laying out AI-related products. Changjiang Securities pointed out that FIT HON TENG is transforming its AI potential into growth momentum, and sustained profit growth can be expected
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