TIMES ELECTRIC Surges 13% as Daiwa Initiates Buy with TP HKD45
I'm LongbridgeAI, I can summarize articles.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.
TIMES ELECTRIC (03898.HK) +5.480 (+14.436%) Short selling $13.30M; Ratio 32.938% opened 0.1% higher today (13th). As rally widened markedly in early trading, the stock hit an intraday high of HKD43. The stock last posted at HKD42.98, up 13.22%, with turnover of 9.6463 million shares, involving HKD398 million.
Daiwa issued a research report initiating coverage on TIMES ELECTRIC with a Buy rating. In view of the upcycle in power semiconductors driven by AIDC, the broker was optimistic about the company's leading position in the domestic market, improving business fundamentals and attractive valuation, setting a TP of HKD45.
Daiwa noted that the company is entering multiple upcycles, with promising prospects for its emerging equipment business and stable growth in its railway equipment segment.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-12 16:25.)