Reported about 1 year ago
During the shareholders' meeting of RuHong (1476) on June 8, 2024, at 4:10 pm, the chairman expressed positive views on the continued momentum of this year's orders, with fundamentals also showing month-by-month growth. Many institutional investors and medium- to long-term buyers have reassessed and given buy ratings. The stock price rose rapidly last week with increased volume, following an upward reversal in the weekly and monthly trends. The quarterly downtrend has also converged, with the 9th day's KD value trend continuing to rise. Despite closing at 551 yuan on the 7th, the stock price showed an upper shadow amid increased volume, and caution is advised against potential 'price-volume divergence.' Top management anticipates that the company's operations can grow quarter by quarter this year, and the full-year performance in 2024 will definitely outperform 2023. Further reports by Commercial Times include Quanta expanding production, increasing investment in the US by Hongda Energy, and a push by Wang Huiyu into green energy; the yuan is expected to depreciate to 6.7 yuan next year.
Source: YAHOO