Investment Firms Target Top Textile Company with Revenue Growth of 6.86% - Stock Price Pulled Back Today but Institutions Still Buying

Reported 11 months ago

According to the Taiwan Stock Exchange, investment firms collectively bought 57.83 billion NTD today, with one particular textile company, Far Eastern New (1402), aggressively expanding production and market presence, leading to a 6.86% increase in revenue for the first five months of this year. Even though the stock price dropped by 3.56% today, investment firms continued to purchase, acquiring over 10,000 more shares for the fourth consecutive day. Far Eastern New was the second most bought stock by investment firms, with purchases totaling over 10,000 shares.

Source: YAHOO

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