Reported 12 months ago
Yuan Yanshou on June 29, 2024, at 4:10 PM, Juhuang (1477) saw an increase in operating performance, attracting mid- to long-term investment buying and institutional recognition last week, leading to a steady rise in stock price with a historical high closing at 421 yuan under heavy trading on the 28th. Short-term moving averages like weekly, monthly, and quarterly have all reversed upwards, with the KD value trending higher on the 9th, indicating potential for another round of gains after a breakthrough of the W-shaped neckline at 370-410 yuan on the 28th. The increase in client ordering momentum and order visibility extends to the first quarter of next year. Optimistic about the second half economic outlook, expecting third-quarter revenue to surpass 10 billion yuan, reaching a historical single-quarter high. Despite the traditional slow season in the fourth quarter for Juhuang, given the order backlog, the revenue for this year may also exceed 10 billion yuan. Operating growth momentum in the second half is stronger than the first half of the year.
Source: YAHOO