Popular Stock - Kingpak's Stock Price Breaks Out of Consolidation Zone

Reported 12 months ago

On July 1, 2024, at 4:10 PM, Kingpak (stock code: 3413) has been consolidating in a range between NT$290 and NT$330 for the past two months. With the semiconductor industry picking up, the company's second-half performance is expected to reflect the peak season. Recently, it has been steadily strengthening, with a significant 9.56% increase on the 1st, closing at NT$338. The stock price broke out of the two-month consolidation range, hitting a 16-year high, and there is still potential for further upward movement. Market analysts anticipate that Kingpak's revenue has been gradually picking up this year, with accumulated revenue of NT$5.74 billion in the first five months slightly exceeding the same period last year. The operation is expected to grow quarter by quarter, and with the resurgence in semiconductor equipment demand, it is optimistic that the revenue for this year would see a double-digit growth.

Source: YAHOO

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