Movement Alert|TIME INTERCON Falls 6.2% in Regular Trading, HK Optical Communication Sector Sells Off on Profit-Taking

Market Focus
Aug 19

On August 19, TIME INTERCON fell 6.2% in regular trading, trading at 15.67 HKD/share, with turnover of approximately 67.71 million HKD.

On the news front, the Hong Kong optical communication sector collectively weakened, with Cambridge Technology falling over 6% and Yangtze Optical Fibre and Cable dropping over 5%, as the sector faced broad-based selling pressure. The optical communication sector had previously rallied for multiple consecutive sessions, with communication ETFs recording five straight days of gains, intensifying profit-taking pressure. TIME INTERCON itself had surged over 5% on August 17, accumulating significant short-term gains that made it vulnerable to the sector-wide correction.

On the fundamental side, the company is scheduled to review its interim results and consider a dividend plan on August 28. Following the full consolidation of Leoni Cable (LCS), multiple institutions remain optimistic about the company's computing power business growth outlook. China Merchants Securities previously raised its revenue forecasts to 33.8 billion, 47.9 billion, and 63.5 billion HKD for the next three years, maintaining a strong buy rating.

(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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