TIMES ELECTRIC (03898.HK) Lifts 4%+, Expects Interim NP to Hike 31% YoY

　　TIMES ELECTRIC (03898.HK) +1.550 (+5.586%) Short selling $36.17M; Ratio 12.117% opened up 2.88% today after issuing a positive profit alert. The stock peaked at $29.3 and was last printed at $29, hiking 4.5%, with a volume of 746,600 shares and a turnover of $21.5668 million.

　　TIMES ELECTRIC expected to achieve a net profit of approximately RMB1.507 billion in 1H24, representing a YoY growth of 30.6%. In 1H, the company benefited from the positive impacts of the growth in railway investment and the recovery of passenger traffic, which resulted in an increase in the acceptance and delivery of rail transport products, while the emerging equipment industry, such as power semiconductor devices, also brought about incremental growth.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-17 16:25.)