HK-listed FIT Hon Teng jumps most in over 13 months on robust estimate

Foxconn Interconnect Technology

01/03/2022 04:25

** Shares of communication products maker FIT Hon Teng Ltd
 6088.HK  jump 12.8% to HK$1.59, their biggest daily percentage
gain since January 2021
    ** Stock hits the highest level since Jan 12
    ** The co, a unit of Hon Hai Precision Industry Co Ltd
 2317.TW , expects its 2021 net profit to increase to $130
mln-$140 mln as compared with $43 mln in 2020 mainly due to a
litigation settlement payment receipt in the fourth quarter 
 urn:newsml:reuters.com:*:nFWN2V30YK
    ** Shares of Hon Hai Precision rise 1.5%
    ** Hang Seng Commerce & Industry Index  .HSNC  climbs 0.4%
and Hang Seng sub-index, which tracks information technology
firms  .HSCIIT , rises 0.7%
    ** The Hang Seng Composite Index  .HSCI  gains 0.2%, while
the benchmark Hang Seng Index  .HSI  eases 0.1%
    


 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))