Memory Module Stock Surges Over 37% as May Revenue Hits Second Highest in History with All Three Major Institutional Investors Buying In

Reported 8 months ago

On June 14th, the Taiwan stock market closed at 22,504.72 points, up 192.68 points or 0.86%. One of the top gainers was memory module manufacturer Tenchun (4967), benefiting from the increase in DRAM prices and efficient inventory management, with a record-high revenue of 2.637 billion NT dollars in May, a 29.06% monthly increase and a 134.14% yearly increase. With all three major institutional investors buying in, the stock price surged by 6.55% on Friday and continued to rise for six consecutive days, totaling a 37.69% increase, making it the top performing stock. Other notable stocks with consecutive price increases and high trading volumes include Whit (6706), Eeway (6552), Powerchip (6770), JHICC (3374), and Yuanta Financial Holding (2890).

Source: YAHOO

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