Reported 11 months ago
Taiwan Baihe (9938) opened lower on the 7th but rose with the help of foreign and proprietary traders, closing at 68.7 yuan, up 3 yuan by 4.57%, marking a second consecutive rise with a trading volume exceeding 4,007 shares and successfully crossing various moving averages. In the past five days, foreign investors purchased for the third day in a row and proprietary traders bought for the second day, halting the decline on the 7th. With three major institutional investors holding a 25.29% stake, the stock price is likely to continue rising this week. Strong order fulfillment boosted the consolidated revenue to 1.322 billion yuan in May, a 38.07% annual increase, with accumulated revenue in the first five months totaling 6.112 billion yuan, up 27.75% annually, indicating a promising performance in the second quarter.
Source: YAHOO