Reported 8 months ago
On June 17, 2024, at 4:10 PM, New Kinsteel (2031) actively entered the green energy industry, receiving continuous buy-ins from foreign investors and proprietary traders, leading to consecutive days of price increases. The stock price surged at one point during the day and closed at 69.6 yuan, surpassing the previous high. The daily K%D indicator also continues to rise, with a 14.85% increase in the stock price in the past 3 days and a 35.41% increase in the past six months. Despite a downturn in the steel market last year, the company achieved a post-tax net profit of 1.655 billion yuan, with EPS jumping from 1.23 yuan in 2022 to 5.15 yuan last year. The company believes that the global economic situation is gradually improving, with domestic and international steel demand expected to recover this year. It will continue to deepen its presence in the domestic wind and solar energy construction market, along with the potential of soaring stock prices thanks to the 'Century Star' in steel. In other business news, the pure online insurance company is officially open for business, and the Financial Supervisory Commission will begin accepting license applications in August next year, expecting economic recovery unaffected by the pandemic. The Australian Central Bank may exit QE as early as February next year, and global server shipments are increasing: TrendForce forecasts a 5% increase next year.
Source: YAHOO