Stock Track | Ever Glory Soars 4.88% in Pre-Market After Securing S$230 Million in New Contracts
Stock Track
May 19
Ever Glory's stock surged 4.88% in pre-market trading on Tuesday, following the company's announcement of significant new contract wins.
The construction and engineering firm announced it has secured approximately S$230 million in new contracts, bringing its total order book to above S$900 million. This substantial increase in future revenue visibility has boosted investor confidence in the company's growth prospects.
The new contracts represent a major expansion of Ever Glory's business pipeline and are expected to contribute significantly to the company's financial performance in the coming quarters.
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.