Reported 8 months ago
On June 22, 2024, at 4:10 p.m., Weichiao-Yi (2883) announced a net profit after tax of 2.272 billion in May, totaling 12.911 billion for the first five months, a 159% increase from the same period last year, with an earnings per share of 0.77 yuan. Its subsidiary, KGI Life, seized the opportunity of the capital market's uptrend and achieved investment gains. KGI Securities reported a net profit after tax of 4.327 billion for the first five months, a growth of about 51% compared to last year. KGI Bank's net profit after tax for the first five months reached 2.36 billion. China Development Capital recorded a net profit after tax of 308 million for the first five months. Development Gold closed at 15.6 yuan on the 21st, with a net purchase of 48,370 shares by institutional investors in the past five days, showing a weekly rise, while the monthly KD remained in a downward crossover. However, with reduced trading volume, short-term consolidation is expected, and further upward movement depends on whether trading volume will increase significantly. In other news, Commercial Times reports six days left for local investors to boost performance, with TaiGen Power planning a new plant and considering issuing convertible bonds to raise 3.5 billion, as well as a storm in the mainland real estate industry affecting steel and cement sectors.
Source: YAHOO