Reported 11 months ago
Delta Chemical (stock code: 1309) continues to advance into new markets, boosted by May performance, attracting buyers at lower levels, crossing the yearly closing price barrier on June 21st with a closing price of 18.1 yuan, up 8.38%, with trading volume doubling to 13,800 shares. Foreign investors and proprietary traders sold 1,898 and 46 shares respectively. The stock has risen for two consecutive days, reaching a short-term high point with a total increase of 19.08%. The bullish trading volume is strong, and the KD value is trending upward. With ABS and PS markets relatively strong, May revenue increased by 3.9% monthly and 34.88% yearly; revenue for the first five months reached 7.094 billion yuan, up 16.48% annually. The company's business strategy is to expand into non-mainland/Hong Kong markets, maintaining a strong sales network. The second quarter outlook for GPS and EPS is optimistic. These developments were reported by the Business Times.
Source: YAHOO