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24324 MBZCRRC@EC2506A (CALL)
RT Nominal up0.167 +0.007 (+4.375%)

26/08/2024 14:40

{I-bank focus}Morgan raises Times Electric (03898) to HKD36

[ET Net News Agency, 26 August 2024] Morgan Stanley raised the target price for Times
Electric (03898) to HKD36 from HKD35 and maintained the "overweight" rating.
The research house said it believes the solid earnings momentum will continue in 2H
supported by MU delivery and solid maintenance growth, albeit alongside margin pressure
from IGBT new capacity ramp-up. (rc)

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