Movement Alert｜TIME INTERCON Rises 5.13% in Regular Trading, China Merchants Securities Raises Earnings Forecasts Citing Undervalued Computing Power Business

On August 4, TIME INTERCON rose 5.13% in regular trading, trading at 14.34 HKD/share, with turnover of approximately 21.87 million HKD.

On the news front, China Merchants Securities published a research report on August 3 maintaining its Strong Buy rating on TIME INTERCON, highlighting that the company's computing power business is significantly undervalued. Following the completion of Leoni Cable (LCS) consolidation into the group's financials, the broker raised total revenue forecasts for fiscal years 2026 through 2028 to 33.8 billion, 47.9 billion, and 63.5 billion HKD respectively, with net profit estimates lifted to 2.05 billion, 3.03 billion, and 4.28 billion HKD, corresponding to P/E ratios of 14.3x, 9.7x, and 6.9x.

The earnings upgrade follows the company's completion on July 31 of its acquisition of the remaining 51% equity interest in Time Interconnect Singapore for an initial cash consideration of USD 12.7 million, bringing Leoni Cable under full ownership. The company previously issued a profit alert projecting first-half net profit growth of 150% to 170% year-over-year, driven primarily by rising data center and server segment revenue.

(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.)