On July 26th, GeLongHui reported that Shanghai Qifan Cable (605222.SH) rose more than 6% again, with a cumulative increase of up to 25% in the past 5 days, breaking the trend and reaching 18 yuan, with a total market value of 7.54 billion yuan. Data shows that by 2023, China's wire and cable market size will reach 1.17 trillion yuan, and the market size is expected to reach 1.2 trillion yuan by 2024. Soochow Securities recently gave Qifan Cable a “buy” rating with a target price not exceeding 26 yuan. It predicts that Qifan Cable's net income in 2024 will be 0.5 billion yuan.
A股异动 | 起帆电缆续涨超6% 近5日累计涨幅达25%走出反转行情
A-share market changes | Shanghai Qifan Cable continued to rise more than 6%, with a cumulative increase of 25% in the past five days, bringing about a reversal of the situation.
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