Reported 8 months ago
Delta Electronics (1309) saw a boost in May performance, with the stock price rising to 16.7 yuan on June 20th due to specific low bid orders entering, hitting the limit up at the end of the session with trading volume surging to 6,248 shares, including foreign net buying of 1,621 shares and proprietary traders adding 11 shares. The stock price broke through the pressure at 15.2 yuan, showing strength in both long and short positions, above various short-term moving averages, setting up to challenge the yearly high at 16.92 yuan. Revenue for the first five months increased by 16.48%. Actively expanding into new markets, ABS developed markets in India, Egypt, and Southeast Asia last year, with China's sales share dropping to 23%; GPS developed markets in Central and South America, Africa, and the Middle East, with last year's China share dropping to 11%. ABS's China share in the first quarter of this year was 17%, while GPS's was 16%.
Source: YAHOO