On September 9, TIME INTERCON rose 5.3% in regular trading, trading at HK$18.92 per share, with turnover of approximately HK$52.73 million.
On the news front, the CIOE (China International Optoelectronic Exposition) officially opened today, providing a near-term catalyst for the optical communication sector. Simultaneously, the company's recently released first-half results showed revenue of approximately HK$10.066 billion, up 107.4% year-over-year, while profit attributable to owners surged roughly 164% to approximately HK$828 million. Adjusted net profit reached HK$831 million, with the adjusted net margin improving from 6.5% to 8.3%. The revenue surge was primarily driven by the consolidation of the acquired Defortune Group and increased data center-related revenue across the server and wire assembly segments.
Institutional sentiment remains favorable. China Merchants Securities maintained a Strong Buy rating, highlighting that the company's computing power business is significantly undervalued, with MPO connectors and AI server operations sustaining rapid growth. New product lines, including optical communication CPO and 800V power cables, are approaching volume production, potentially adding meaningful earnings upside.
(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.)
Comments