Guangdong Dtech Technology (SHE:301377, HKG:1377) expects its net profit attributable to the shareholders for the first half to surge by between 301% and 338% year on year to a range of 640 million yuan to 700 million yuan, according to a Hong Kong filing on Monday.
The technology company's Shenzhen shares jumped 13% and Hong Kong shares rose 6% during Tuesday's afternoon trade.
The company attributed the forecast to an increase in production and sales amid demand growth for printed circuit boards.
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