On September 7, TIME INTERCON rose 5.46% in regular trading, trading at HKD 17.66 per share, with turnover of approximately HKD 33.12 million.
The rally was driven by the company's strong interim results and favorable institutional coverage. The company reported H1 revenue of approximately HKD 10.066 billion, up 107.4% year-over-year, while profit attributable to owners surged approximately 1.64 times to HKD 828 million. Basic EPS came in at HKD 0.3949, with an interim dividend of HKD 0.06 per share declared. Revenue growth was primarily attributed to contributions from the acquisition of the Tak Chun Cheong Group and increased data center revenue in the server and wire harness segments. Adjusted net margin improved from 6.5% to 8.3%, reflecting enhanced profitability.
The company also completed the acquisition of the remaining 51% stake in Time Interconnect Singapore on July 31, achieving full consolidation of Leoni Cable LCS. A major brokerage maintained a Strong Recommend rating, noting the computing power business is significantly undervalued, while another initiated coverage with a Buy rating, highlighting rapid AI server revenue expansion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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