Reported 8 months ago
On June 15, 2024, at 4:10 pm, Macro-Trend (1612) surged on the Taiwan Stock Exchange due to benefits from the Taiwan Power Company's resilient power grid project, with foreign and proprietary traders collectively buying 5,567 shares on the 14th, boosting the stock price by 2.10 yuan to close at 39.7 yuan and recovering the 5-day, 10-day, and 20-day moving averages. Macro-Trend recently ceased copper foil substrate production, focusing its revenue on power cables and wires, with future growth centered on this sector and upcoming innovative products. With at least 3 billion yuan in orders secured under the Taiwan Power Company project, some orders are visible until 2026, with plans to renovate the idle copper foil substrate plant into a cable and wire factory anticipated to be submitted to the Taoyuan city government within the year.
Source: YAHOO