TIMES ELECTRIC

The stock advanced 1.08% to close at HKD33.66, supported primarily by recent positive developments across multiple fronts. Q1 revenue reached HKD5.784 billion, representing 19.04% year-over-year growth, while net profit increased 7.89%, signaling resilient operational performance. The company convened a board meeting to review interim results and announced significant management changes—Li Donglin appointed as chairman and Xu Shaolong as CEO—alongside a share buyback and cancellation program. Daiwa maintains a buy rating on the stock. From a valuation perspective, the P/E ratio of 9.63x appears historically compressed, with market capitalization around HKD44.79 billion. However, the stock has declined 11.88% year-to-date and remains 28.2% below its 52-week peak of HKD46.88, currently trading beneath both the 20-day and 60-day moving averages. While fundamentals show steady growth, near-term momentum is constrained by the steep prior pullback and divergent investor views on forward earnings trajectory.

HK stock slipped 1.13% to HKD 33.3 today as morning-session profit-taking pressure dragged it down to HKD 32.66 before afternoon recovery. Year-to-date the stock is down 12.83% from HKD 38.2, trading 28.97% below its 52-week high of HKD 46.88 and below both the 20-day (HKD 34.44) and 60-day moving averages (HKD 38.16). Fundamentals remain solid: Q1 revenue reached HKD 5.78B (+19.04% YoY) with net profit of HKD 729M (+7.89% YoY), while Q4 posted HKD 10.98B revenue (+21.19% YoY) and HKD 1.53B net profit (+15.22% YoY). Valuation is attractive with PE of 9.52 and PB of 0.91; Daiwa maintains Buy with a HKD 45 target price.

CRRC Times Electric (3898.HK) came under sustained selling pressure today, opening at 33.28 before declining throughout the session, hitting an intraday low of 32.38 in the morning before a partial afternoon rebound to 32.66 left it down 2.68% overall. Year-to-date the stock has retreated 14.5%, having fallen over 30% from October 2025 highs near 46.88, and currently sits just 3.88% above 52-week lows near 31.44. While Q1 revenue grew 19% year-over-year and net profit nearly 8%, the growth rate decelerated from Q4's 21% and 15%, raising concerns about demand momentum. At a compressed valuation—PE of 9.34, PB of 0.89—the stock continues to attract selling amid broader uncertainty around rail transit demand and global supply chain risks. Analyst views diverge: Daiwa maintains a Buy rating with a 45 HKD price target, while Citigroup lowered its target in mid-February citing weak outlook.

The stock rose 0.7% to close at HKD 33.56, with an intraday trading range of HKD 32.42–33.56, buoyed by recent share buyback and cancellation announcement, scheduled interim results briefing, and sustained earnings growth. Q1 2026 revenue reached HKD 5.78B, up 19% year-over-year, while net profit totaled HKD 729M (up 8% YoY); EPS growth of 10.6% reflects ongoing operational stability albeit with moderating momentum. Institutional support remains intact, with Daiwa holding a buy rating and HKD 45 price target. From a valuation and positioning perspective, the stock trades 12.15% below year-to-date entry levels and 28.4% below its 52-week high of HKD 46.88, with an unfavorable MA20/MA60 technical structure. While valuation metrics appear attractive (PE 9.6, PB 0.91), technical resistance may limit near-term upside gains.

Times Electric declined 1.65% to HK$33.32 from the previous close of HK$33.88, reflecting profit-taking pressure following a significant pullback from its 52-week high of HK$46.88, marking a 28.92% decline from those peaks and a year-to-date loss of 12.77%. The stock currently trades materially below both its 20-day moving average (HK$35.40) and 60-day moving average (HK$38.33). Despite near-term price weakness, the company maintains solid operational momentum: Q1 2026 revenue grew 19.04% year-over-year to HK$5.78 billion with net profit advancing 7.89%, supported by a compressed valuation (PE 9.53, PB 0.91) and a 3.85% dividend yield. Recent positives include Daiwa's maintained buy rating and a scheduled board meeting to review interim results, signaling management confidence. However, lingering concerns around global supply chain volatility and sector cyclicality in rail transit continue to weigh on investor sentiment despite the stock's attractive relative valuation metrics.