TSUGAMI CHINA Shares Surge Over 10% Following Positive Earnings Forecast

Stock News04-27

TSUGAMI CHINA (01651) saw its shares rise more than 10% after issuing a positive profit alert. At the time of writing, the stock was up 9.74%, trading at HK$47.32 with a turnover of HK$30.18 million.

The company announced that it expects to report an annual profit attributable to shareholders of approximately RMB 1.094 billion for the period ending in March, representing an increase of about 40% compared to the previous year.

The announcement highlighted that the strong performance was driven by the continued positive momentum of the Chinese economy and sustained growth in equipment demand from the domestic manufacturing sector. In particular, capital expenditure in the automotive, 3C, and pneumatic and hydraulic industries has been increasing.

Rapid development in emerging fields such as AI liquid cooling and semiconductors has also boosted demand for high-precision, automated, and multi-functional machine tools, which have been key drivers of the company's earnings growth.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment