TIME INTERCON (01729) experienced a significant surge in its stock price, soaring 7.23% during intraday trading on Monday. The stock reached a new year-high of HK$14.2, continuing its impressive performance that has seen gains of over 2.46 times in the past three months.

The sharp increase in stock price comes on the heels of TIME INTERCON's recently released interim results for 2025. The company reported a substantial 82.1% year-over-year increase in revenue, reaching HK$4.854 billion. Profit attributable to owners saw a 47.6% boost, totaling HK$314 million. The company attributed this growth primarily to higher data center revenues in the server and wire harness segments, driven by the ongoing AI boom.

Adding to investor enthusiasm, TIME INTERCON announced a strategic acquisition after trading hours on August 28, 2025. The company plans to acquire the entire issued share capital of Tak Chun Cheong Investment Limited for HK$460 million. This move is expected to diversify the company's critical copper wire supply and mitigate supply chain disruption risks by establishing production facilities in countries surrounding China. The acquisition, to be settled through a combination of cash and share issuance, is seen as a step towards ensuring business continuity and effectively managing geographical and political risks.