＜Alert＞FIT HON TENG Foresees 1H24 to Post Profit Max. US$33M

　　FIT HON TENG (06088.HK) -0.310 (-8.732%) Short selling $7.52M; Ratio 8.104% issued a positive profit alert, expecting to record an unaudited net profit of approximately US$28 million to US$33 million for the six months ended June 30, 2024 (1H2024), as compared to the unaudited net loss of approximately US$9 million for the six months ended June 30, 2023 (1H2023). The turnaround from net loss for 1H2023 to net profit for 1H2024 was mainly attributable to the improvement in the Groups management effectiveness; and the gradual recovering demand from the computing and networking end markets.

　　Dividend History

　　Besides, in order to expand the Groups automotive businesses and core capabilities in electrification in terms of product scope and customer base, the Group is currently in negotiation with independent third parties to acquire certain assets of, and shares in a group of companies engaging in the automotive business including high-voltage electric energy distribution systems for automobiles (Potential Acquisition). So far, the negotiations are still ongoing and the Potential Acquisition may or may not materialize.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-05 16:25.)