Understanding the Market | CON AERO TECH rose over 15% in early trading, expecting nearly a 7-fold increase in net profit for the first half of the year. The company is a manufacturer of general aviation piston engines
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CON AERO TECH's stock price rose more than 15% in the morning session, reaching HKD 0.182, with a trading volume of HKD 15.7338 million. The company expects its net profit after tax for the first half of the year to reach HKD 55 million, a significant increase from HKD 7.05 million in the same period last year, mainly due to the investment in new factories and equipment and improvements in the production management system. The company is the world's second-largest manufacturer of general aviation piston engines, with its market share expected to increase from 26% in 2023 to 28% in 2024
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