Reported about 1 year ago
On July 5, 2024, Genius (3653) demonstrated its strength once again with a 8.64% increase to NT$1,320, setting a new record high. However, due to the rapid short-term growth, institutional investors have recently taken some profits. Despite this, overall trading activity remains moderate, with a net selling of 56 shares by the three major institutions on the 5th day. From a technical perspective, the KD indicator has entered the overbought zone, but the volume and price have not spiraled out of control, maintaining a state of cautious optimism. Genius announced a revenue of NT$1.152 billion for June, slightly higher than the previous month and up by 14.11% year-on-year, marking the fourth-highest in history. The cumulative revenue for the first half of the year reached NT$6.265 billion, a 10.63% increase from the same period last year, continuing its trend of achieving record highs every year. Furthermore, the initiation of the Longtan plant in Q4 next year will contribute to revenue growth through the development of facial recognition technology, providing confidence in the recovery of the global economy.
Source: YAHOO