On July 10, Time Interconnect Technology fell 5.18% in regular trading, trading at HK$15.97/share, with turnover of HK$410 million.
The decline comes after the company posted a positive profit alert on July 7, forecasting H1 net profit growth of 150% to 170% year-over-year, driven by rising revenue from its data center and server wire assembly segment and increased contributions from associates. The stock had surged over 17% cumulatively across the two subsequent trading sessions, attracting significant short-term profit-taking pressure.
Today's retreat was compounded by broad weakness across the Electrical Components and Equipment sector. CATL fell 7.29%, Zhida Tech dropped 9.39%, and Zhaowei declined 2.88%. Multiple brokerages including Macquarie (target HK$32.5), Guosheng Securities (target HK$31), and China Merchants Securities had issued bullish coverage earlier this week, citing the company's AI data center positioning and MPO product momentum. However, following the rapid run-up, realization of gains by short-term capital overlapped with sector-wide selling pressure.
(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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