Movement Alert|Time Interconnect Technology Rises 5.02% in Regular Trading, Broker Maintains Strong Buy Rating as Placement Selling Pressure Eases

Market Focus06-15

On June 15, Time Interconnect Technology rose 5.02% in regular trading, trading at HKD 17.12/share, with turnover of approximately HKD 48.33 million.

On the news front, China Merchants Securities recently maintained a Strong Buy rating on the company, noting that as a key component of the Luxshare ecosystem, its data communications business is well-positioned in MPO optical communication and AI server segments, with orders growing strongly since May and capacity running near full utilization. The broker indicated the company plans to adopt double-shift production to meet expanding demand.

The company completed two rounds of placements in the first half, raising a combined net total of over HKD 4.5 billion, with 50% earmarked for global business expansion. The current share price remains approximately 18% below the May placement price of HKD 21.00, but prior selling pressure from placees appears to be gradually dissipating, supporting a technical rebound from oversold levels. Market attention is now shifting toward the deployment of raised funds for global expansion and strategic acquisitions.

(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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