Reported 8 months ago
Taiwan Transportation (2617) stock price experienced a pullback after failing to break the 40 yuan mark, but stabilized with the support of the 5-day moving average and saw a 2.98% increase to 37.9 yuan on June 21. With technical indicators showing favorable signs for the bulls, the bulk shipping market rates are steady. The addition of four new ships and contract renewals will boost revenue, with three more new ships expected this year, bringing the fleet to 23 vessels. Optimism is high for Taiwan Transportation's operations, which also benefits Yang Ming Marine Transport Corp (2609) as a major shareholder, indicating the potential for cash dividends. Additional developments include advancements in the semiconductor industry, Guangda's 5G network and AI capabilities, and progress in digital currency regulation in the US.
Source: YAHOO