Zhibang’s stock price hits a new low for the year, investment trust continues to sell and over pressure

Zhibang has been oversold in investment banking, and its stock price has bottomed out. (Photo by reporter Wang Yihong)

[Reporter Wang Yihong/Report from Taipei] Netcom major Zhibang (2345) continued to be oversold by investors. The stock price fluctuated lower after opening high today. It once fell to 1,770 yuan during the session, setting a new low since April 11 this year. As of 11:21, the stock price was temporarily reported at 1,780 yuan, down 30 yuan, or 1.66%, with a trading volume of more than 3,100 contracts.

Zhibang was once a favorite stock of investment trust, but since August 15, investment trust has only been slightly overbought on three trading days, and the rest have been oversold, with a total of over 12,100 contracts sold during the period. Market participants pointed out that today is the last day for the end-of-quarter accounting of investment trusts in the third quarter. It remains to be seen whether the selling pressure on investment trusts will end tomorrow.

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Zhibang benefited from the momentum of large customer T3's purchase of goods. In August, the consolidated revenue was 40.872 billion yuan, surpassing the 40 billion yuan mark, setting a record high. The cumulative revenue from July to August was 80.342 billion yuan, which has reached 84% of the second quarter revenue of 95.54 billion yuan. If the revenue in September is not bleak, the third quarter revenue will exceed 100 billion yuan, and the single-quarter revenue is expected to increase by more than 25%.

Zhibang’s cumulative consolidated revenue from January to August was 246.003 billion yuan, an annual increase of 61.86%, also a record high for the same period in history.

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