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Why Investors Shouldn't Be Surprised By L.K. Technology Holdings Limited's (HKG:558) 37% Share Price Surge
L.K. Technology Holdings (HKG:558) Has A Somewhat Strained Balance Sheet
LK Tech (00558) fell 37.50%, now trading at HKD 2.500, hitting a new 52-week low.
As of 11:31, LK Tech (00558) fell 37.50% compared to the previous closing price, now at HKD 2.500, reaching a new 52-week low; with a volume of 0.73 million shares and a turnover of HKD 1.8376 million.
With the injection molding cycle as a driving force, lk tech (0558.HK) has seen its second growth curve become increasingly clear.
Everything has its own cycle, and the injection machine industry is no exception. According to the research reports of China International Capital Corporation, the injection machine industry has had a complete cycle almost every 3.5 years since 2006. Therefore, we can see that starting from last year, the revenue and profit of leading injection machine manufacturers have improved significantly. However, what is different from the past is that this cycle of the injection machine industry may face more sustained growth drivers. Firstly, in 2017, there was a large-scale update and replacement in the injection machine industry. Considering that the life cycle of injection machines is generally 8-10 years, we are currently at the starting point of another round of update and replacement. In addition, in March of this year, the "Promotion of Large-scale Injection Machine Upgrading and Transformation Project" was launched, which will further drive the development and innovation of the injection machine industry.
Why We Think L.K. Technology Holdings Limited's (HKG:558) CEO Compensation Is Not Excessive At All
L.K. Technology Holdings Limited (HKG:558) Top Key Executive Siw Yin Chong's Holdings Dropped 12% in Value as a Result of the Recent Pullback
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