Reported over 1 year ago
SLM (8473) in the construction sector with nearly billions in worth, showing stable operational growth momentum, attracting institutional and speculative buying on dips, with the stock price breaking above the 5-day average and quarterly line on June 18 at 43.55 yuan, firmly positioned above all short averages. Short-term weekly trend has reversed upwards, while the monthly downtrend is converging. Trading volume is increasing, 9-day KD trend remains above, indicating strong upward momentum in the short term. However, many trapped chips remain at previous high levels of 47-51 yuan, requiring sustained increase in trading volume for further price surges. With focus on operations related to recycled water in recent years, SLM has secured contracts for the construction and operation of the Nanzih Recycled Water Plant in Kaohsiung, with opportunities for winning bids in public water resource construction projects such as various desalination plants. Market expects bids in Tainan and Hsinchu projects. For more news, please refer to Commercial Times.
Source: YAHOO