Hot Stock - Hangt Revenue Surged Over 23% this Week

Reported 9 months ago

Hangt (3297), a security company, saw a significant increase in stock price this week, opening at $32 on the 26th and closing at $33.85 with a daily trading volume of 4,488 shares. Hangt soared for two consecutive days this week, closing at the limit-up price, with a weekly increase of over 23%. The company's May revenue was impressive, with a monthly revenue of 19 million NT dollars, a year-on-year increase of 52.58%, and a cumulative revenue of 68 million NT dollars from January to May, a year-on-year increase of 27.84%. The company reported a net loss per share of 0.03 NT dollars for the first quarter. During a recent shareholders' meeting, they expressed optimism for future demand in industries such as AI and IoT, and plans to invest in related research and development, focusing on niche application products. Hangt expects increased sales of network cameras in 2024, estimating sales of 60,000 units, with the possibility of turning a profit next year. Additionally, they are optimistic about economic recovery and unaffected by the pandemic.

Source: YAHOO

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