M Stanley Initiates TIME INTERCON at Outperform, TP at HKD32.5
I'm LongbridgeAI, I can summarize articles.M Stanley initiated coverage on TIME INTERCONwith an Outperform rating and a target price of HKD32.5, adding it to its preferred Buy list. The broker highlights the company's transformation into a global connectivity platform for AI data centers and automotive sectors via acquisitions of Leoni and Dejinchang. M Stanley forecasts robust growth, projecting revenue CAGR of 50% and net profit CAGR of 69% for 2026-2028, driven by AI integration and new cloud service orders.
M Stanley issued a research report initiating coverage on TIME INTERCON (01729.HK) +0.590 (+3.920%) Short selling $56.25M; Ratio 19.538% with an Outperform rating and a TP of HKD32.5, while adding the company to its preferred Buy list. The broker said TIME INTERCON is transforming from a wire component manufacturer into a global connectivity platform serving AI data centers, servers and automotive sectors. Through the acquisitions of Leoni and Dejinchang, together with new cloud service provider orders in optical fiber cable assembly products, the broker expects the company's revenue CAGR for 2026-2028 to reach 50%.
M Stanley believes AI will be the key catalyst for TIME INTERCON. Benefiting from the integration of Leoni and Dejinchang, customer diversification, expansion of AI interconnect products and growth in the server ODM business, the broker forecasts the company's operating profit CAGR and net profit CAGR for 2026-2028 to reach 72% and 69%, respectively. Further mergers and acquisitions are seen as a potential driver, while the industrial segment could provide untapped growth opportunities. (gc/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-09 12:25.)