HK Stock Market Move | TIME INTERCON (01729) rose by over 6% to hit a new high. The data center business is expected to benefit from the booming optical interconnection industry.

TIME INTERCON (01729) rose more than 6%, reaching a high of 21.26 Hong Kong dollars to hit a new high in the market. As of the time of drafting, it was up 6.04%, at 20.9 Hong Kong dollars, with a turnover of 4.89 billion Hong Kong dollars. On the news front, TIME INTERCON achieved a total revenue of 12.41 billion Hong Kong dollars in 2025, a year-on-year increase of 68%. The rapid growth in revenue was mainly driven by the strong demand for AI computing power downstream, leading to a rapid increase in revenue from data center wiring components and server assembly. EB SECURITIES stated that as the data center business is expected to benefit from the high demand for optical interconnection, they have raised the company's net profit for 2026-2027 by 13%/30% to 1.259 billion and 1.832 billion Hong Kong dollars, respectively. In addition, Goldman Sachs' latest report predicts that the addressable market for optical interconnection will skyrocket from 15 billion US dollars to 154 billion US dollars, achieving a ninefold expansion.