Hong Kong Stocks Movement | TIME INTERCON (01729) Soars Over 16%, Expected to Benefit from AI Computing Demand and Automotive Intelligence Trends

Stock News

10/24

According to reports, TIME INTERCON (01729) surged over 16% during trading and currently stands at an increase of 11.95%, priced at HKD 15.83, with a trading volume of HKD 279 million. On October 23, the company hosted an investor day event. Everbright Securities issued a research report highlighting that sustained AI computing demand is driving significant growth in the company's revenue from data center wire components, specialty cables, and server ODM business. Additionally, the trend toward automotive intelligence is expected to rapidly increase demand for automotive cables. The acquisition of German wiring harness manufacturer Leoni AG by controlling shareholder Luxshare Precision is anticipated to create synergies in channels and technology, further enhancing the company’s relevant operations. The firm maintains a "Buy" rating on the stock.

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On October 23, the company hosted an investor day event. Everbright Securities issued a research report highlighting that sustained AI computing demand is driving significant growth in the company's revenue from data center wire components, specialty cables, and server ODM business. Additionally, the trend toward automotive intelligence is expected to rapidly increase demand for automotive cables. The acquisition of German wiring harness manufacturer Leoni AG by controlling shareholder Luxshare Precision is anticipated to create synergies in channels and technology, further enhancing the company’s relevant operations. The firm maintains a \"Buy\" rating on the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1116","symbol_name":"电气部件与设备","start_time":0,"source_url":"","article_id":"1159421403","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159421403","pubTimestamp":1761291493,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"According to reports, TIME INTERCON (01729) surged over 16% during trading and currently stands at an increase of 11.95%, priced at HKD 15.83, with a trading volume of HKD 279 million. 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