Reported 9 months ago
On June 27, 2024, NetDragon (5478) opened at 143.5 yuan, with specific funds entering the market to lift the stock. By midday, it had risen by over 6%, closing at 150.5 yuan, up by 7 yuan or 4.88% for the day, with trading volume increasing to 1,857 shares. The power struggle over NetDragon's management rights ended after the shareholders' meeting, boosting market confidence and leading to a net purchase of 328 shares by three major institutional investors. In the second half of the year, NetDragon is expected to see increased sales of point cards and will also introduce new OMO interactive video services with 1,200 devices deployed nationwide. Additionally, its R&D subsidiary NetDragon is set to launch new products in Southeast Asia and mainland China, showing promising performance. For more news, check out Commercial Times covering updates on TSMC clearing roads in Kaohsiung, foreign capital entering Asia Pacific Telecom, and Far EasTone playing a supporting role.
Source: YAHOO