Reported about 1 year ago
In a report by Peng Weilin from Taipei on July 7, 2024, CTCI Corporation (1513), one of the 'Big Four' in the heavy electrical industry, has been thriving in cross-strait businesses. With a market value exceeding 100 billion NT dollars and over 41 billion NT dollars in outstanding orders, CTCI is confident in securing an additional 30 billion NT dollars worth of orders this year. The company aims for double-digit growth in revenue and profit for the year, with order visibility extending to 2027. CTCI secured substantial orders in the first quarter and is expected to add more orders in the latter half of the year, including offshore wind power projects and energy storage plant contracts. The company is expanding its GIS plant capacity to meet demand and anticipates shipping to the US by the year's end. Market rumors suggest that CTCI's collaboration with domestic giants for US orders may soon receive UL certification in July, facilitating entry into the US market alongside other major players like Wafer Works, Advanced Connectek, and Tatung. *【Warrant investments involve risks; information provided here is for reference only and does not constitute an invitation, solicitation, or other recommendations. Readers are advised to consider carefully】.
Source: YAHOO