Guosheng Securities: Maintains "Buy" Rating on Huiju Technology (01729), AI Drives High Performance Growth

According to Zhitong Finance APP, Guosheng Securities issued a research report stating that it expects Time Interconnect Technology (01729) to record revenue of HKD 32.9 billion/40.9 billion/47.8 billion in 2026-2028, representing year-on-year growth of 166%/24%/17%, respectively, and net profit attributable to shareholders of HKD 2.2 billion/2.9 billion/3.7 billion. The firm assigns the company a 20x 2027e P/E, corresponding to a target price of HKD 26, and maintains a "Buy" rating; the bank believes that the company is a deep beneficiary of the high-growth cycle of AI capital expenditure by global cloud vendors, with its data center business deeply tied to leading overseas cloud vendors, and AI server demand continuing to ramp up; in addition, the company is also rapidly expanding its business footprint through external acquisitions.