Reported about 1 year ago
Since hitting its peak on May 24th, Wan Tai Technology's (6190) stock price quickly pulled back, accompanied by profit-taking. However, on June 7th, it successfully turned the tables with a strong rebound, reversing the technical downtrend and breaking through all resistance levels. The KD indicator also formed a golden cross at a low level, favorable for further bullish momentum. Benefiting from the growth in demand for high-end network cables and rising product prices, Wan Tai Technology achieved a new high in revenue of 716 million NT dollars in May, up 21.62% year-on-year. In terms of profit performance, the first-quarter net profit after tax reached 77.61 million NT dollars, the highest in nearly five quarters, with a quarterly increase of 19.4% and a yearly increase of 43.7%, translating to an earnings per share of 0.5 NT dollars. For more news, see United Daily News articles on the U.S. economy reopening, Nike's earnings exceeding expectations, Taiwan Honda's first domestically-produced hybrid car, and the approval of tax reductions for day trading boosting the Taiwan stock market.
Source: YAHOO