TIME INTERCON (01729) shares surged more than 7% in early trading, rising 6.24% to HKD 14.3 as of press time, with a trading volume of HKD 61.9679 million. The company announced that Hong Kong TIME INTERCON completed the acquisition of the remaining 51% equity in Singapore TIME INTERCON, achieving full consolidation of LEONI cable LCS's 100% equity.
According to China Merchants Securities, the integration of the LEONI cable business has exceeded profit expectations since the acquisition. The completion of the full equity consolidation will significantly boost TIME INTERCON's revenue and profit scale. The brokerage noted that TIME INTERCON's computing power business is notably undervalued, with its MPO and AI server core businesses maintaining high growth. New product lines such as optical communication CPO and 800v power cables are poised for volume growth, potentially delivering considerable earnings flexibility. TIME INTERCON's current valuation at low levels presents attractive upside potential, with the firm maintaining a "Strong Buy" rating.
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