Ge Long Hui·2025-08-25 03:16Core Viewpoint - UBS reports that Times Electric's revenue and net profit for the first half of the year increased by 18% and 13% year-on-year, respectively, which is in line with expectations, driven by healthy growth in new train sets and maintenance services [1] Financial Performance - Times Electric's revenue growth of 18% and net profit growth of 13% indicate robust sales performance [1] - UBS has raised the target price for Times Electric from HKD 39.4 to HKD 45.2 based on mid-term performance [1] Earnings Forecast - UBS has adjusted its earnings per share forecasts for 2025 to 2027 upwards by 1%, 7%, and 9%, respectively, reflecting confidence in the company's core business performance [1] Growth Potential - The company is expected to see potential growth drivers from new business initiatives alongside its stable core operations [1]