On July 13, Time Interconnect Technology rose 6.47% in regular trading, trading at HK$16.47/share, with turnover of HK$59.47 million. The stock rebounded sharply after declining 5.18% in the prior session due to sector weakness and profit-taking.
On the news front, Macquarie recently initiated coverage with an Outperform rating and a target price of HK$32.5, adding the stock to its focus buy list. Macquarie noted the company is transforming from a wire assembly manufacturer into a global connectivity platform serving AI data centers, servers, and automotive sectors, projecting a 50% revenue CAGR from fiscal year 2026 to 2028. Guosheng Securities concurrently initiated coverage with a Buy rating and a HK$31 target price, citing the company's strategic positioning in AI computing optical interconnects. The wave of bullish institutional coverage, combined with short-term oversold recovery following the prior session's pullback, drove today's rebound.
(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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