Reported about 1 year ago
As of June 10, 2024, at 4:10 PM, it is expected that Taiwan Power Company's resilient grid project will accelerate in the face of power shortages, along with the U.S. infrastructure driving demand for transformers, leading to positive revenue for Huacheng and Star Electric. After nearly two months of adjustment, the stock prices of the electrical giants Huacheng (1519) and Star Electric (1503) have finally rebounded, each returning to their respective monthly and weekly lines. Huacheng's EPS for the first quarter has risen to a record high of 2.29 yuan, and self-reported EPS from January to April is 3.69 yuan. Huacheng, the only domestic producer of large 500kV transformers, is investing 880 million yuan in a new plant to increase transformer production capacity. Star Electric is expanding into the green energy sector by operating solar power plants and energy storage systems in Japan, Australia, and other countries, with a strong financial performance expected for the first quarter.
Source: YAHOO