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Time Interconnect Technology Limited (HK:1729)
:1729
Hong Kong Market

Time Interconnect Technology Limited (1729) AI Stock Analysis

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HK:1729

Time Interconnect Technology Limited

(1729)

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Neutral 59 (OpenAI - 5.2)
Rating:59Neutral
Price Target:
HK$18.00
▲(1.81% Upside)
Action:ReiteratedDate:02/04/26
The score is held back primarily by 2024 liquidity/earnings-quality concerns (zero operating and free cash flow) despite solid revenue growth and improved leverage. Technicals are moderately supportive with price above key averages but momentum is mixed due to a slightly negative MACD. Valuation is a tug-of-war between a high P/E and a very high dividend yield.
Positive Factors
Consistent Revenue Growth
Sustained 14.8% top-line growth with healthy gross and net margins indicates durable demand and the ability to convert sales into profit. Over a 2–6 month horizon this supports reinvestment, scale benefits, and resilience against short-term volatility in orders.
Improved Leverage and High ROE
Significant reduction in leverage and a 25.5% ROE show stronger capital efficiency and balance-sheet repair. Improved debt metrics increase financial flexibility for capex or strategic moves and reduce interest burden risk over upcoming quarters.
Stable Operating Profitability
A stable EBIT margin despite cost pressures suggests underlying operational controls and pricing power. Stable operating profitability is a durable foundation for cash generation and supports margins even if revenue growth moderates in the medium term.
Negative Factors
Zero Cash Generation
Lack of operating and free cash flow in 2024 is a structural red flag: it undermines the company’s ability to fund investments, pay sustained dividends, or service debt from operations, and signals earnings may not be converting into durable liquidity.
Persisting Debt Risk
Although leverage metrics improved, the company still carries significant debt that could pressure interest costs and refinancing needs. Persistent debt levels constrain strategic flexibility and elevate downside risk if cash generation remains weak.
Eroding EBITDA Margin
A noticeable decline in EBITDA margin points to rising operating costs or margin compression. If this trend persists, it can erode cash flow and profitability, forcing pricing actions or efficiency drives that may take multiple quarters to restore.

Time Interconnect Technology Limited (1729) vs. iShares MSCI Hong Kong ETF (EWH)

Time Interconnect Technology Limited Business Overview & Revenue Model

Company DescriptionTime Interconnect Technology Limited, an investment holding company, manufactures and sells cable assembly and networking cable products in the People's Republic of China, the United States, the Netherlands, Singapore, the United Kingdom, Hong Kong, Mexico, and internationally. The company offers copper and optical fiber cable assemblies, specialty cables, and servers; and manufactures and trades in robotic products, as well as develops and trades in computer software. It serves customers in the telecommunication, data center, industrial and medical equipment, and automotive wire harness sectors. The company was founded in 1992 and is headquartered in Sha Tin, Hong Kong. Time Interconnect Technology Limited operates as a subsidiary of Luxshare Precision Limited.
How the Company Makes MoneyTime Interconnect Technology Limited generates revenue primarily through the sale of its interconnect products, which are supplied to a diverse array of industries including telecommunications, data centers, and consumer electronics. The company’s revenue model is based on direct sales to end-users and partnerships with distributors and manufacturers in the tech sector. Key revenue streams include bulk sales of cables and connectors, customized solutions for specific client needs, and ongoing maintenance and support services. Additionally, strategic partnerships with major tech firms and participation in large-scale infrastructure projects contribute significantly to its earnings, ensuring a steady demand for its products.

Time Interconnect Technology Limited Financial Statement Overview

Summary
Income statement strength (14.82% revenue growth, 14.60% gross margin, 6.10% net margin) and improved leverage metrics (debt-to-equity down to 0.82; ROE 25.52%) are meaningfully offset by cash flow weakness: operating cash flow and free cash flow were zero in 2024, raising liquidity and earnings-quality concerns.
Income Statement
75
Positive
The company exhibits a strong revenue growth rate of 14.82% from 2023 to 2024, with a solid gross profit margin at 14.60% and a net profit margin at 6.10% as of 2024. However, a decline in EBITDA margin from 10.06% in 2023 to 8.71% in 2024 indicates rising operational costs. The EBIT margin remains stable at 7.73%.
Balance Sheet
68
Positive
The debt-to-equity ratio decreased to 0.82 in 2024, reflecting improved leverage management compared to 2023's 2.67. The equity ratio increased to 35.12% in 2024, showing a stronger equity base, and ROE improved to 25.52%. However, high debt levels continue to pose a risk.
Cash Flow
40
Negative
The company reported zero free cash flow in 2024, a significant decline from 2023's positive cash flow of 900.88 million. Operating cash flow was also non-existent in 2024, suggesting liquidity issues. The free cash flow to net income ratio dropped to zero, raising concerns about cash generation efficiency.
BreakdownTTMDec 2024Dec 2023Mar 2022Mar 2021Mar 2020
Income Statement
Total Revenue5.11B7.39B6.43B5.76B3.59B3.01B
Gross Profit717.70M1.08B906.54M624.66M583.36M566.59M
EBITDA499.78M710.55M647.21M325.99M345.10M389.49M
Net Income275.67M450.87M369.52M215.14M168.22M226.36M
Balance Sheet
Total Assets5.82B5.03B6.16B6.11B3.18B2.60B
Cash, Cash Equivalents and Short-Term Investments387.26M425.85M378.35M1.26B247.21M174.18M
Total Debt3.45B1.45B3.63B3.38B1.12B1.06B
Total Liabilities4.59B3.25B4.79B4.96B2.12B1.73B
Stockholders Equity1.21B1.77B1.36B1.13B1.05B852.47M
Cash Flow
Free Cash Flow-1.69B868.29M900.88M-1.70B113.77M55.89M
Operating Cash Flow-1.47B1.05B981.37M-1.49B173.12M102.64M
Investing Cash Flow-1.76B673.43M-41.55M-2.31B-110.96M-78.91M
Financing Cash Flow3.07B-1.65B-901.37M3.83B-45.12M-286.15M

Time Interconnect Technology Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price17.68
Price Trends
50DMA
16.70
Positive
100DMA
16.08
Positive
200DMA
13.37
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
49.01
Neutral
STOCH
24.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1729, the sentiment is Positive. The current price of 17.68 is above the 20-day moving average (MA) of 17.55, above the 50-day MA of 16.70, and above the 200-day MA of 13.37, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.01 is Neutral, neither overbought nor oversold. The STOCH value of 24.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1729.

Time Interconnect Technology Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
HK$2.92B2.0722.34%5.75%18.32%14.06%
74
Outperform
HK$836.59M8.329.11%6.40%13.14%-28.26%
72
Outperform
HK$29.14B4.2815.02%2.24%20.33%27.05%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
59
Neutral
HK$35.34B58.1628.83%0.17%
40
Underperform
HK$807.51M22.18-4.59%>-0.01%98.32%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1729
Time Interconnect Technology Limited
16.27
10.80
197.44%
HK:1608
VPower Group International Holdings Limited
0.12
-0.07
-36.98%
HK:1979
Ten Pao Group Holdings Limited
2.75
1.02
58.96%
HK:3393
Wasion Holdings Limited
29.40
22.44
322.41%
HK:0842
Leoch International Technology Limited
0.58
-0.42
-41.71%

Time Interconnect Technology Limited Corporate Events

Time Interconnect Technology Bolsters Board With New Executive and Independent Directors
Jan 30, 2026

Time Interconnect Technology Limited has strengthened its leadership team with the appointment of two executive directors and one independent non-executive director, effective 1 February 2026. Chief Operating Officer Chaung Kwai Wing, who has more than 38 years’ experience in the electronics and cable industry and has been with the group in various roles since 1996 and again from 2020, will join the board as an executive director under a three-year service contract with an annual remuneration of HK$1.82 million plus potential bonuses. The group’s Executive Vice President – MedTech, Hung Wai Lai William, a 30-year-old executive focused on overseas investment opportunities and enhancing R&D and production capabilities for the group’s medical device business, has also been appointed as an executive director. These appointments underscore the company’s strategy to deepen operational expertise and accelerate growth in its core cable operations and expanding MedTech segment, while adding governance and sector-focused leadership at board level.

The most recent analyst rating on (HK:1729) stock is a Hold with a HK$16.00 price target. To see the full list of analyst forecasts on Time Interconnect Technology Limited stock, see the HK:1729 Stock Forecast page.

Time Interconnect Technology Sets Out Board and Committee Structure
Jan 30, 2026

Time Interconnect Technology Limited has announced the current composition of its ten-member board, naming four executive directors, one non-executive director who serves as chairman, and five independent non-executive directors. The company has also confirmed the structure and membership of its three key board committees—Audit, Remuneration, and Nomination—assigning chair and member roles among the independent non-executive and executive directors to reinforce corporate governance and regulatory compliance, which may help support investor confidence and board accountability.

The most recent analyst rating on (HK:1729) stock is a Hold with a HK$16.00 price target. To see the full list of analyst forecasts on Time Interconnect Technology Limited stock, see the HK:1729 Stock Forecast page.

Time Interconnect Shareholders Approve Key Supply Agreements With Major Partner Luxshare Precision
Jan 21, 2026

Time Interconnect Technology Limited has secured shareholder approval at an extraordinary general meeting on 21 January 2026 for a series of supply-related agreements with its major partner, Luxshare Precision. Shareholders (excluding Luxshare Precision, which was required to abstain due to its material interest and 69.66% shareholding) unanimously passed an ordinary resolution by poll to confirm, ratify and approve the Luxshare Precision Supplemental Master Supply Agreement, the Luxshare Master Supply Agreement, and their respective new annual caps, as well as to grant directors broad authority to implement and adjust matters related to these transactions. The outcome consolidates the company’s commercial framework with Luxshare Precision and provides management with flexibility to execute and refine these supply arrangements, which are significant to its ongoing operations and key customer relationships.

The most recent analyst rating on (HK:1729) stock is a Buy with a HK$18.00 price target. To see the full list of analyst forecasts on Time Interconnect Technology Limited stock, see the HK:1729 Stock Forecast page.

Time Interconnect Issues Positive Profit Alert on Strong Data Centre and Server Demand
Jan 15, 2026

Time Interconnect Technology Limited has issued a positive profit alert, indicating that its net profit for the year ended 31 December 2025 is expected to rise by approximately 60% to 70% compared with 2024. The anticipated surge in earnings is mainly attributed to higher revenue driven by increased sales orders in the data centre cable assembly and server sectors, as well as higher share of results from associates. The figures are based on unaudited management accounts and may be subject to adjustments, with the final annual results due for release by the end of March 2026; the company has cautioned shareholders and potential investors to exercise care when trading its shares pending the final numbers.

The most recent analyst rating on (HK:1729) stock is a Buy with a HK$18.00 price target. To see the full list of analyst forecasts on Time Interconnect Technology Limited stock, see the HK:1729 Stock Forecast page.

Time Interconnect Calls EGM to Approve New Luxshare Supply Agreements
Dec 31, 2025

Time Interconnect Technology Limited has convened an extraordinary general meeting for 21 January 2026 in Hong Kong, where shareholders will vote on approving a Luxshare Precision Supplemental Master Supply Agreement, a Luxshare Master Supply Agreement, and related new annual caps governing the scale of transactions between the parties. The resolutions, if passed, will ratify these supply arrangements and empower the company’s directors to take all necessary actions to implement, revise or supplement the agreements, potentially deepening Time Interconnect’s commercial relationship with Luxshare and formalising a framework for future business volume and collaboration.

The most recent analyst rating on (HK:1729) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Time Interconnect Technology Limited stock, see the HK:1729 Stock Forecast page.

Time Interconnect Announces Further Delay in Dispatch of Circular
Dec 17, 2025

Time Interconnect Technology Limited has announced a further delay in the dispatch of its circular related to continuing connected transactions, including the Luxshare Precision Supplemental Master Supply Agreement. Initially expected to be released by 17 December 2025, the company has updated its timeline, now targeting completion by 31 December 2025, citing the need for additional time to finalize the necessary information and accounting for logistical factors. The delay could potentially impact shareholders waiting for relevant transactional details, underscoring the complexity of the agreements in question.

The most recent analyst rating on (HK:1729) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Time Interconnect Technology Limited stock, see the HK:1729 Stock Forecast page.

Time Interconnect Completes Acquisition of Dejinchang Investment
Dec 3, 2025

Time Interconnect Technology Limited has completed a major transaction involving the acquisition of Dejinchang Investment Limited, making it a wholly-owned subsidiary. This acquisition, settled partly through the issuance of new shares, will allow the company to consolidate the financial results of the acquired group, potentially enhancing its market position and financial performance.

The most recent analyst rating on (HK:1729) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Time Interconnect Technology Limited stock, see the HK:1729 Stock Forecast page.

Time Interconnect Technology Delays Circular Dispatch for Connected Transactions
Dec 3, 2025

Time Interconnect Technology Limited announced a delay in the dispatch of a circular related to its continuing connected transactions, including agreements with Luxshare Precision. The delay is due to the need for additional time to finalize the circular’s information, with the new dispatch date set for on or before December 17, 2025. This postponement may impact the company’s timeline for shareholder engagement and decision-making processes.

The most recent analyst rating on (HK:1729) stock is a Hold with a HK$17.00 price target. To see the full list of analyst forecasts on Time Interconnect Technology Limited stock, see the HK:1729 Stock Forecast page.

Time Interconnect Expands Agreements with Luxshare Precision and BCS
Nov 12, 2025

Time Interconnect Technology Limited has announced amendments to its existing agreements with Luxshare Precision and BCS, extending the contract periods and increasing annual supply caps to meet growing demand. These changes, effective from January 2026, reflect the company’s strategic alignment with its controlling shareholders and compliance with Hong Kong’s Listing Rules, potentially enhancing its market position and operational capacity.

The most recent analyst rating on (HK:1729) stock is a Hold with a HK$16.00 price target. To see the full list of analyst forecasts on Time Interconnect Technology Limited stock, see the HK:1729 Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Feb 04, 2026