Reported about 1 year ago
On June 29, 2024, Direct (1597), a manufacturer of linear motion products such as linear guides and linear motors, saw a slight increase in shipments in June compared to May. Despite foreign investors selling 54 shares on the 28th, the market showed strong buying momentum, causing the stock price to surge by 3.7 yuan to close at 75.3 yuan, breaking through all technical resistance levels. Consolidated revenue for May was 85 million yuan, down 16.56% year-on-year, and 413 million yuan for the first five months, down 19.63% year-on-year. Recently, orders from the semiconductor and electronics industries have been increasing, maintaining a two-month backlog, with expectations for better performance in the second half of the year. Direct participated in the Taipei International Food Equipment Exhibition, attracting attention with its miniature six-axis robotic arm, and plans to attend the Taiwan Printed Circuit Board Industry International Exhibition in October to increase product exposure.
Source: YAHOO