Hong Kong stock movement: TIME INTERCON rises 10.75%, performance forecast exceeds expectations

Hong Kong Stock Movement

TIME INTERCON rose 10.75%. Based on recent key news:

1. On July 8, TIME INTERCON's stock price surged 10.54% after the company released its half-year earnings forecast, expecting a year-on-year increase in net profit of 150% to 170%, exceeding market expectations. This news drove the stock price rebound, closing at HKD 15.42 per share. Source: Zhitong Finance

2. On July 7, TIME INTERCON issued a positive earnings forecast, expecting significant growth in net profit for the first half of 2026, mainly due to increased revenue from data center and server businesses, as well as improved performance from joint ventures. Source: China Merchants Securities

3. On July 6, TIME INTERCON issued 153,000 new shares, and after a phase of price adjustment, the current valuation is at a historical low, attracting market funds back. Source: Zhitong Finance AI computing power construction drives industry growth.

Stocks with High Trading Volume in the Industry

CATL fell 3.30%. Based on recent key news:

1. On July 6, CATL signed a strategic cooperation agreement with Beijing Green Exchange to collaborate on carbon reduction methodology development and green financial innovation, aiding high-quality industrial development. This move is seen as a positive factor for the company's long-term growth, but it failed to boost the stock price in the short term. Source: Zhitong Finance

2. On July 7, lithium stocks continued to decline overall, and although CATL's Jiangxiawo lithium mine obtained a safety production license, the ramp-up of production capacity will take time, leading to slow short-term supply growth that supports the fundamentals, with lithium prices remaining volatile. Source: Zhitong Finance

3. On July 6, JP Morgan reduced its bullish positions on CATL's H shares, indicating a lack of market confidence in its short-term performance, putting pressure on the stock price. Source: Hong Kong Stock Exchange documents indicate overall pressure on lithium stocks, requiring attention to supply and demand changes.

Zhida Technology rose 3.74%. Based on recent key news:

1. On July 6, Zhida Technology announced the construction of a dedicated production base in Ningbo to address capacity bottlenecks. This move will enhance its large-scale delivery capability and further drive growth in its robotics business. According to the company's annual report, robotics revenue grew by 88.83%, becoming the fastest-growing business line. This news boosted market confidence, driving the stock price up.

2. On July 5, Zhida Technology expanded its global application scenarios, covering home, public, and specialized settings, further consolidating its market position. With the expansion of its product matrix and commercialization speed, market expectations for its future growth have increased, leading to a rise in stock price.

3. On July 4, industry analysis pointed out that the key to the commercialization of automatic charging robots lies in mass production capability. The construction of Zhida Technology's Ningbo base will effectively alleviate industry capacity bottlenecks, providing stable supply to downstream customers and enhancing market competitiveness. This news drove the stock price up. The robotics industry is growing rapidly, and market competition is intensifying.

Jinli Permanent Magnet fell 4.63%. Based on recent key news:

1. On July 7, Nomura initiated coverage on Jinli Permanent Magnet with a target price of HKD 27 and a "Buy" rating. Nomura noted that Jinli Permanent Magnet, as the world's largest producer of neodymium iron boron rare earth permanent magnet materials, is expected to account for 10% of global shipments by 2025, supporting its long-term stock price growth potential

2. On July 6th, UBS increased its holdings in Jinli Permanent Magnet by 546,000 shares, raising its ownership ratio to 7.09%. This move demonstrates institutional confidence in the company's future development; however, the stock price still experienced a decline in the short term.

3. On July 6th, the rare earth market faced supply tightening, leading to price increases. Despite strong market reluctance to sell, Jinli Permanent Magnet's positioning in the rare earth permanent magnet material supply chain is viewed positively, but in the short term, the stock price is still affected by market fluctuations. The rare earth market is tightening, and prices are rising.

Stocks ranked at the top of the industry by market capitalization

Sige New Energy, down 2.43%, with a market capitalization of HKD 83.9 billion, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation