Movement Alert｜TIME INTERCON Intraday Rise 5.3% in Regular Trading, Broker Reiterated Buy Rating

Market Focus10-21

On October 21, TIME INTERCON rose 5.3% intraday in Regular Trading, trading at HK$13.7, with turnover of HK$21.58 million.

The clearest catalyst was a broker reiteration of a buy rating, alongside a target price of HK$26, with the view that the company is benefiting from the strong AI capital expenditure cycle among global cloud providers and its deep ties with leading overseas cloud customers in the data center business.

Supporting that view, the company previously reported interim revenue of HK$10.066 billion, up 107.4% year on year, and adjusted net profit of HK$831 million, up 164.2% year on year. It also completed the acquisition of the remaining 51% stake in Time Interconnect Singapore, a transaction that further strengthened external expansion expectations.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment