Over 40% of Companies on Taiwan's Emerging Stock Market Show Double-Digit Revenue Growth in May, with 138 Stocks Shining Bright

Reported about 1 year ago

As of June 11, 2024, the emerging third board market in Taiwan has revealed its May revenue figures, with familiar faces dominating the top ten companies with seven of them showing impressive year-on-year revenue growth, including Yulon Motor (9957), Jih Sun Financial Holdings (6958), ASE Development (1480), and more. Among all 324 listed companies, 138 have demonstrated double-digit revenue growth in May compared to the previous year, making up 42.6% of the total, indicating an overall performance increase. With the performance of the emerging market index rebounding in May, funds have started flowing into small and medium-sized stocks, pushing the index higher and forming a bullish pattern. Notably, Century Wind Power and Shoei Yarn Industrial have shown exceptional revenue growth, with projections indicating significant increases in revenue and profits for the year. ShoYe, a newcomer to the top ten revenue list, has entered the market with a range of products from computer keyboards to energy storage systems for residential and commercial use.

Source: YAHOO

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