HK Stock Market Move | TIME INTERCON (01729) surged over 5% in the afternoon, with annual net profit expected to increase by up to 70%. Institutions indicated that performance forecast exceeded expectations.

TIME INTERCON (01729) rose more than 5% in the afternoon, and as of the time of writing, it had risen by 4.67% to HK$17.04, with a trading volume of HK$215 million. On the news front, TIME INTERCON had previously announced that it expects its net profit to increase by approximately 60% to 70% year-on-year in 2025. TIME INTERCON stated that this growth is mainly driven by two factors: an increase in sales orders in the data center and server divisions of the wire component division, leading to a rise in overall revenue; and an increase in the net profit of associated companies for the current year. CMSC published a research report stating that TIME INTERCON's performance forecast exceeded expectations mainly due to the strong growth in revenue from the company's server business driven by domestic server demand from companies such as Alibaba and ByteDance in 2025, as well as the favorable integration effects of Laini in the second half of the year. The report indicated that considering the strong demand in the data center and server market and Laini's better-than-expected profitability, earnings forecasts were raised, and a "strong buy" rating was maintained.