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| HSI1 | 26,361.21 | +13.30 | 212.82B |
| HSCEI1 | 8,870.37 | -12.00 | 66.90B |
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TIMES ELECTRIC Surges 13% as Daiwa Initiates Buy with TP HKD45
2026-05-13 11:13:51 TIMES ELECTRIC (03898.HK) 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. ~ AASTOCKS Financial News Website: www.aastocks.com | |