On July 9, Time Interconnect (01729.HK) rose 5.32% in regular trading, trading at HK$15.78/share, with turnover of HK$62.59 million. The stock continued its upward momentum following the positive earnings pre-announcement released on July 7.
The company disclosed that net profit for the six months ending June 30 is expected to grow approximately 150% to 170% year-over-year, significantly exceeding market expectations. The growth is primarily attributed to increased revenue from the data center and server segment within the wire harness assembly division, as well as improved contributions from associated companies.
China Merchants Securities maintained a Strong Buy rating on the stock, noting that AI computing power remains the core growth engine, with MPO product orders growing robustly and capacity approaching full utilization. The brokerage also highlighted that the automotive segment, benefiting from Leoni integration and new customer acquisitions, and the medical business together form second and third growth curves. The firm views current valuations as notably undervalued compared to A/H share peers.
(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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