TIMES ELECTRIC Surges 13% as Daiwa Initiates Buy with TP HKD45
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TIMES ELECTRICsurged 13% after Daiwa initiated coverage with a Buy rating and a target price of HKD45. The stock opened slightly higher and reached an intraday high of HKD43, closing at HKD42.98 with a turnover of HKD398 million. Daiwa highlighted the company's strong position in the power semiconductor market and optimistic growth prospects in its emerging equipment and railway segments.
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