Lates News

According to a brief from EveryDay AI, Dongwu Securities released a research report on March 29th, giving a "buy" rating to Orient Cable (603606.SH). The main reasons for the rating include: 1) Overseas income has grown significantly year-on-year, and gross profit margin performance is good; 2) In-hand orders for submarine cables remain high, with inventory and contract liabilities reaching record highs; 3) Expense ratio remains stable and cash flow capability has greatly improved; 4) Xlinks has been disposed of as it was difficult to conduct business, XLCC has entered the submarine cable installation business and the company has also participated in the European high-voltage submarine cable business. (Daily Economic News)