Offshore Wind Power Stock Faces Downtrend Despite Strong Orders

Reported 3 months ago

On July 17, 2024, Taiwan's stock market saw the weighted index drop by 227.43 points, closing at 23,769.82. Among the declining stocks, Century Steel (9958), an offshore wind power concept stock with a full order book, has witnessed a 5-day decline due to combined selling from major institutional investors, resulting in a 3.04% drop to NT$255.50. Despite its strong future order prospects, its June consolidated revenue fell sharply year-on-year by 39.73%.

Source: YAHOO

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