TEN PAO GROUP Surges Over 23% in Late Trading on Stable Orders and AI Sector Prospects

Stock News05-14

TEN PAO GROUP (01979) saw its stock price surge more than 23% during the late trading session. As of the latest update, the shares were up 18.52%, trading at HK$2.88 with a turnover of approximately HK$69.62 million.

The company's Chairman and Chief Executive Officer recently stated that current order levels are stable. While contract periods have been shortened in response to client requests, there has also been a slight increase in pricing. Furthermore, the company is actively expanding into new business areas and product lines, such as electric two-wheelers and data centers. It anticipates significant growth potential for products including smart controllers and backup battery modules.

Public information indicates that TEN PAO GROUP is a provider of intelligent power supply solutions, with a product portfolio encompassing industrial power supplies, consumer power supplies, and new energy products.

A previous research report noted that TEN PAO GROUP is an established power solution provider. Its industrial and consumer power supply businesses form the core foundation, while the new energy segment serves as a new engine for revenue growth. The industrial power supply business is poised to benefit from the development of the artificial intelligence (AI) industry, with smart controllers (PCBA) in particular expected to present new growth opportunities.

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