TIME INTERCON Shares Surge Over 6% to Record High on Data Center Business Prospects

Stock News
5小時前

TIME INTERCON (01729) rose more than 6%, reaching a record high of HK$21.26. At the time of writing, the stock was up 6.04% to HK$20.9, with a turnover of HK$489 million. The company reported total annual revenue of HK$124.1 billion for the full year 2025, representing a 68% year-on-year increase. This rapid revenue growth was primarily driven by strong demand for AI computing power, which fueled high growth in revenue from data center cable assemblies and server assembly. Everbright Securities stated that, given the data center business is expected to benefit from the high demand in optical interconnect, it has raised its forecast for the company's net profit attributable to shareholders for 2026-2027 by 13% and 30% to HK$1.259 billion and HK$1.832 billion, respectively. Furthermore, a recent Goldman Sachs report projects that the addressable market for optical interconnect will surge from $15 billion to $154 billion, a nine-fold expansion.

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