Reported 8 months ago
Keelung Securities believes that Trade-Van KY, with a favorable position in the automotive business and a strong foothold in the AI trend, is estimated to see increasing profits quarter by quarter, receiving a 'buy' investment rating. With GlobalData reporting a 4% year-on-year increase in global car sales to 27.53 million units in the first four months of this year, Trade-Van KY and Fan Jia have been rated 'buy' by Keelung Securities. The car market has shown growth in most markets, expecting global car sales to hit 91.36 million units by 2024, with electric car shipments estimated to grow by 18% and 19% in 2024 and 2025 respectively.
Source: YAHOO