Compal EPS Downgraded, Investment Trust Selling 14,000 Shares of this Stock, Weighted Stock Surges Over 2% and Faces Withdrawal

Reported 8 months ago

On June 19, 2024, Taiwan's stock market closed at 23,209.54 points, up 452.11 points with a 1.99% increase in shares. Investment trust bought 152.21 billion and sold 111.28 billion, resulting in a net purchase of 40.92 billion. Compal Electronics, a leading technology firm, had its 2024 EPS estimate revised downwards by 7 analysts from 2.38 to 2.34 yuan, with a target price of 37 yuan. Although Compal's stocks rose by 0.42% to 36.2 yuan, investment trust sold 14,000 shares. Hon Hai's stocks surged to 208 yuan during the day but closed at 203 yuan, up by 2.27%, facing withdrawal from investment trust for over 5,000 shares.

Source: YAHOO

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