Reported about 1 year ago
Following the ex-dividend adjustment on June 29, 2024, Dongyuan (1504) showed a past-interest trend with a strong performance last Friday, closing at 53.5 yuan, up 1.3 yuan, with a turnover of 12,000 shares. After peaking at 63.3 yuan in April and then retracing with low volume, the stock fell below the quarterly line post-dividend in mid-June, facing significant selling pressure. Despite breaking through the semi-annual line, there is still heavy pressure above 57 yuan, awaiting increased turnover to support a bullish reversal. The company's board of directors underwent changes, with Li Mingxian taking over as chairman and former chairman Qiu Chenzhi becoming the group's vice chairman, ushering Dongyuan into a new era. The company may venture into the AI and semiconductor supply chain fields, while also planning to evolve towards a holding company. In other news, the Business Times reported on potential stock market connectivity between China and Switzerland, along with updates on real estate price trends and Taiwan's maritime sales dominance in the first half of next year.
Source: YAHOO