Focus Stocks》Shuanghong: Revenue hit highs in the first three quarters, and stock price bucked the trend and turned red

Shuanghong's stock price surged. The picture shows Chairman Lin Yushen. (File photo)

[Reporter Ou Yuxiang/Taipei Report] Shuanghong (3324), a major cooling manufacturer, announced yesterday that its revenue in September fell by 8% month-on-month. The stock price fell back with the broader market in early trading today, once plunging more than 8%. However, buying orders at low prices continued. Immediately after the news was released, the stock price turned red. At nearly 10:10, Shuanghong's stock price rose by 10 yuan, or 0.66%, and was temporarily quoted at 1,535 yuan, with an amplitude of more than 11%, and a trading volume of more than 3,500 contracts.

Shuanghong's September revenue was 2.88 billion yuan, a monthly decrease of 8.18% and an annual increase of 23.2%. The cumulative revenue in the first three quarters was 27 billion yuan, an annual increase of 72.4%, a new high for the same period. Lin Yushen, chairman of Shuanghong, recently said that thanks to NVIDIA's increased supply of water-cooling boards and increased demand for ASICs, the annual operation is expected to grow by 70%, with water-cooling products accounting for about 60% of revenue. Next year, with the continued expansion of production capacity at the Thai factory, operations are expected to continue to improve.

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Yesterday, foreign investors bought more than 126 Shuanghong contracts, switching from selling to buying in 7 consecutive days, investment trusts sold more than 236 contracts, self-operators bought more than 11 contracts, and the three major legal entities sold more than 99 contracts in total. Yesterday's hedging volume was 1,195 contracts, accounting for 43.9%. You should pay attention to subsequent stock price fluctuations.

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