Morgan Stanley: first to collect technology (01729.HK) outperform the market rating target price of 32.5 Hong Kong dollars.

According to the CITIC Securities app, Macquarie released a report stating that it has given Convergence Technology (01729.HK) a "outperform the market" rating for the first time, with a target price of HK$32.5, and has included it in Macquarie's selected buy list. It points out that Convergence Technology is transitioning from a wire components manufacturer to a global connectivity platform servicing AI data centers, servers, and the automotive industry. Through the acquisition of Leoni and De Jinchang, as well as securing new cloud service provider orders in the field of fiber optic cable components, the company is expected to achieve an average annual compound growth rate of 50% in revenue from 2026 to 2028.