Focus Stocks》Hon Hai: Double expectations regarding financial reporting and continued counterattack with volume

The market is looking forward to Hon Hai's earnings report and outlook for next year during Thursday's legal meeting, which has encouraged the stock price to jump higher. (File photo)

[Reporter Fang Weijie/Report from Taipei] Hon Hai (2317) benefited from the Taiwan stock market's counterattack this week. Yesterday's stock price closed up 6.45%. The market is looking forward to the good financial results and next year's outlook for the conference on Thursday (12th), prompting the stock price to jump short and open higher today. As of 9:14 am, it was temporarily trading at 245 yuan, an increase of 2.51%, with a trading volume of 10,512 contracts.

According to legal observations, Fii, the main player in Hon Hai's server production industry, recorded revenue of RMB 383.554 billion (approximately NT$1,887.5 billion) in the third quarter, an annual increase of 57.73%. Net profit attributable to shareholders of the parent company was RMB 16.634 billion (approximately NT$81.859 billion), an annual increase of 60.35%. Both set new single-quarter highs, and are expected to significantly boost Hon Hai's financial performance.

At present, Fii has delivered NVIDIA Vera Rubin cabinets to customers, and its overall market share continues to increase compared to the previous generation of products. In addition, Wi-Fi 7 and low-orbit satellite broadband equipment business are also growing rapidly. Fii has further strengthened its diversified business growth momentum through cloud computing and AI server product lines, and continues to expand the layout of high-speed interconnection products for AI data centers.