Reported about 1 year ago
As automobiles become electrified and intelligent, the demand for high-frequency and high-voltage connectors in the market is increasing annually. Taiwan's leading automotive connector manufacturer, Hu Lian (6279), has penetrated multiple Chinese domestic brand car manufacturers like Geely, Chery, and Chang'an, with the high-frequency and high-voltage product proportion expected to increase from 2.5% in 2023 to 6%. With a bullish moving average alignment and generally positive technical indicators, the stock price is likely to continue rising, potentially breaking historical highs. Favorable policies such as China's recent trade-in subsidies and new energy rural policies are expected to benefit Hu Lian, with an estimated 21% annual growth in mainland China business. Additionally, new orders from North American snowplow customers and European projects are set to contribute significantly to revenue growth, with European revenue expected to grow by over 50%.
Source: YAHOO