Reported about 1 year ago
Wei Qiaoyi reported on June 8, 2024, at 4:10 PM that Development Gold (2883) has seen steady profit growth this year. In May, the after-tax net profit was NT$2.272 billion, reaching NT$12.911 billion for the first five months, a 159% increase from the same period last year, the second-highest in history after the NT$13.754 billion in the same period in 2021, with an EPS of NT$0.77. Development Gold surged 9.22% last week, closing at NT$15.4 on the 7th, hitting a nearly two-year high, with a trading volume of 142,652 shares and a turnover of nearly NT$2.2 billion, with a combined net buying of over 200,000 shares by the top three institutional investors in the past five days. The 5-day moving average crossed above the 10-day and 20-day moving averages, while the daily KD remains in an upward cross with an expanding gap, and the weekly KD shows a golden cross, indicating a bullish outlook.
Source: YAHOO