Reported 8 months ago
On June 18, 2024, Creative (3443) revised its second-quarter operating outlook with a 20% increase in NRE (design outsourcing), expecting better performance in the second half of the year due to customer returns. Creative focuses on High Bandwidth Memory (HBM) and has a track record of successful mass production with advanced process cases and products. Creative's stock price hit the daily limit up several times on the 18th, closing at 1,680 yuan with a 9.09% increase, reversing its sluggish trend since February. The moving averages are neatly arranged upwards, with a daily trading volume of 5,995 shares. Institutional investors bought 1,224 shares more than sold, making it the highest in nearly 5 months. Institutions revealed that Creative will focus on the backend design in future HBM technology developments.
Source: YAHOO