HK Stock Market Move | TIME INTERCON (01729) surged over 7% in early trading. Lenny Cables has been fully consolidated at 100%, which is expected to significantly boost the company's performance.
Huizhu Technology (01729) rose over 7% in early trading, and as of this report, it is up 6.24% at HK$14.3, with a trading volume of HK$61.9679 million.
TIME INTERCON (01729) rose over 7% in the morning session and, as of the time of writing, is up 6.24%, at HKD 14.3, with a trading volume of HKD 61.9679 million.
In news, TIME INTERCON announced the completion of the acquisition of the remaining 51% stake in Hong Kong's Huiju from Singapore, achieving 100% ownership of Leoni Cables LCS. CMSC noted that since acquiring the Leoni cable business, Huiju's integration efforts have exceeded profit expectations, and the completion of the 100% stake acquisition will significantly enhance Huiju's revenue and profit scale.
The bank pointed out that Huiju's computing power business is significantly undervalued, with its core businesses in MPO and AI servers continuing to grow at a rapid pace. Additionally, the upcoming new product lines in optical communication CPO and 800V power cables are expected to contribute significantly to performance flexibility. Huiju's current low valuation is becoming more apparent, with considerable upward potential, and it maintains a "Strong Buy" rating.
Related Articles
HK Stock Market Move | RIBOLIFE-B (06938) rose nearly 4% during the trading session, and it is expected to achieve a year-on-year revenue growth of at least approximately 200% to 320% in the first half of the year.
HK Stock Market Move | CRO concept stocks lead the gains. Recently, several overseas MNCs and CXOs have disclosed positive mid-year earnings and raised their full-year guidance.
HK Stock Market Move | BLACK SESAME (02533) rises over 7% as intelligent driving and Siasun Robot & Automation business synergies break through. Revenue for the first half of the year is expected to increase by over 80%.
HK Stock Market Move | RIBOLIFE-B (06938) rose nearly 4% during the trading session, and it is expected to achieve a year-on-year revenue growth of at least approximately 200% to 320% in the first half of the year.
HK Stock Market Move | CRO concept stocks lead the gains. Recently, several overseas MNCs and CXOs have disclosed positive mid-year earnings and raised their full-year guidance.
HK Stock Market Move | BLACK SESAME (02533) rises over 7% as intelligent driving and Siasun Robot & Automation business synergies break through. Revenue for the first half of the year is expected to increase by over 80%.
RECOMMEND
