HK Stock Market Move | TIME INTERCON(01729) is now up over 16%. The company is expected to benefit from the high prosperity of AI computing power and the trend towards automotive intelligence.

TIME INTERCON (01729) rose more than 16% during intraday trading, and as of the time of writing, it was up by 11.95% to HK$15.83, with a trading volume of HK$2.79 billion. On the news front, on October 23, TIME INTERCON held an investor day event. EB SECURITIES released a research report stating that, based on the maintenance of AI computing power, the company's data center wire components, special cables, and server ODM business revenues are continuing to grow rapidly. The trend towards automotive intelligence is driving a high-speed growth in demand for automotive cables, and with the acquisition of German wire harness factory Leoni AG by controlling shareholder Luxshare Precision Industry, the future Leoni AG's Leoni K automotive cable business and related businesses are expected to continue to benefit from synergies in channels, technologies, etc., maintaining a "buy" rating on the company.