Core Viewpoint - UBS reports that Times Electric (03898) achieved a year-on-year revenue growth of 18% and a net profit growth of 13% in the first half of the year, which is in line with expectations, driven by healthy growth in new train sets and maintenance services [1] Financial Performance - Revenue and net profit for Times Electric increased by 18% and 13% year-on-year respectively, indicating robust sales growth [1] - UBS has raised the earnings per share forecasts for 2025 to 2027 by 1%, 7%, and 9% respectively, reflecting confidence in the company's performance [1] Investment Rating and Target Price - UBS maintains a "Buy" rating for Times Electric, reflecting optimism about the company's core business performance [1] - The target price for Times Electric has been increased from HKD 39.4 to HKD 45.2, suggesting a positive outlook for the company's future growth [1] Growth Drivers - The solid sales growth is primarily attributed to the healthy performance of new train sets and maintenance services, which are expected to continue driving revenue [1] - New business initiatives are anticipated to provide additional growth momentum for the company [1]

Core Viewpoint - UBS reports that Times Electric (03898) achieved a year-on-year revenue growth of 18% and a net profit growth of 13% in the first half of the year, which is in line with expectations, driven by healthy growth in new train sets and maintenance services [1] Financial Performance - Revenue and net profit for Times Electric increased by 18% and 13% respectively compared to the previous year, indicating robust sales growth [1] - UBS has raised the earnings per share forecasts for 2025 to 2027 by 1%, 7%, and 9% respectively, reflecting confidence in the company's performance [1] Investment Rating - UBS maintains a "Buy" rating for Times Electric, suggesting a positive outlook on the company's core business performance [1] - The target price for Times Electric has been increased from HKD 39.4 to HKD 45.2, indicating an optimistic view on future growth potential [1] Growth Drivers - The solid sales growth is primarily attributed to the healthy performance of new train sets and maintenance services, which are expected to continue driving revenue [1] - New business initiatives are anticipated to provide additional growth momentum for the company [1]

Core 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]