TIME INTERCON's large transaction surged 9%, receiving a "Buy" rating for the first time from CITIC Construction Investment

TIME INTERCON (01729.HK) opened 1.5% higher this morning (9th) and the gains expanded, reaching a high of HKD 18.16. The latest closing price was HKD 17.89, up 9.35%, with trading volume surging to 21.3091 million shares, involving HKD 379 million.

CITIC Securities initiated coverage on TIME INTERCON with a "Buy" rating, indicating its deep ties with leading CSPs like Alphabet, benefiting from the upgrade of 800G/1.6T optical modules and the evolution of CPO in the core MPO optical interconnect sector; the AI server JDM/ODM business is rapidly expanding, coupled with the acquisition of Leoni for high-end automotive electronics, with revenue in the first half of last year increasing by 82.1% year-on-year