Reported 7 months ago
On June 11, 2024, Etronics (8069) reported strong revenue for May, showing optimism for growth in the second half of the year and leading to a significant increase in stock price. The stock surged by 8.14% on the 11th, closing at 232.5 yuan, above the quarterly line, with a trading volume of 12,600 shares. Etronics' consolidated revenue for May was around 2.681 billion yuan, a monthly growth of 19.69% and a yearly growth of 9.3%. Etronics indicated during a previous conference call that the inventory destocking of electronic shelf labels in May is nearing completion, with momentum building in the third quarter. Encouraged by the demand for colorization, Etronics is optimistic about the shipment momentum of e-readers and electronic shelf labels this year, investing in new large-size module production capacity in Yangzhou to seize opportunities in digital signage. Taiwan's PCB output value is expected to exceed 800 billion, with EDA starting a new chapter and Far EasTone acting as a strong backup, and Daya Capital's non-core business seeing a profit of 13.47 yuan per share in November.
Source: YAHOO