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Hong Kong Stock Afternoon Review | Hang Seng Index and Technology Index fell slightly; chip stocks rose more than 5% in Fudan, Shanghai
Heavy infrastructure stocks generally rose; China Zhongzhi and China Railway rose about 3%; gaming stocks continued to decline, and Galaxy Entertainment fell more than 5%.
Hong Kong stock changes丨Hongteng Precision rebounded more than 7% and had a cumulative retracement of more than 25% in the previous 4 days
Glonghui, April 17 | Hongteng Precision (6088.HK) rebounded by more than 7%. The previous 4 days had a cumulative retracement of more than 25%. It is now HK$1.95, with a total market value of HK$14.2 billion. According to the news, Hongteng Precision recently announced that the Group's net profit for the three months ending March 31, 2024 is estimated to be between 7 million US dollars and 10 million US dollars, with a loss of about 9 million US dollars for the same period last year. The turning of losses into profit in the first quarter was mainly due to improvements in management efficiency and a gradual recovery in demand in the computer and consumer electronics and network equipment terminal markets.
Changes in Hong Kong stocks | Hongteng Precision (06088) rebounded by nearly 5% and expected net profit for the first quarter to be no less than 7 million US dollars, turning a year-on-year loss into profit
Hongteng Precision (06088) rebounded by nearly 5%, falling more than 25% over the past four trading days. As of press release, it rose 4.95% to HK$1.91, with a turnover of HK$13.1483 million.
Changes in Hong Kong stocks | Hongteng Precision (06088) once fell more than 7% in 4 days, and its stock price fell 20% in the first quarter, and net profit is expected to turn a loss into a profit
Hongteng Precision (06088) once fell by more than 7%. As of press release, it was down 4.43% to HK$1.94, with a turnover of HK$23.934 million.
Fit Hon Teng to Return to Black in Q1; Shares Slide 9%
Fit Hon Teng (HKG:6088) expects a net profit between $7 million and $10 million for the first quarter ended March 31, compared with a net loss of about US$9 million a year earlier, according to a Mond
Hong Kong stock changes丨After a successful dive, Hongteng Precision fell by more than 14%
Glonghui, April 15 | Hongteng Precision (6088.HK), which enjoyed a profit in the afternoon, dropped more than 14% to HK$1.8 at one point, for the third day in a row. The company announced at noon that net profit for the first quarter is expected to be between 7 million and 10 million US dollars, and a net loss of about 9 million US dollars was recorded in the same period last year. According to the company, it is expected to turn a loss into a profit in the first quarter, mainly due to improvements in the Group's management efficiency and a gradual recovery in demand in the computer and consumer electronics and network facilities terminal markets.
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