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AMCO United Holding ( (HK:0630) ) just unveiled an announcement.
AMCO United Holding Limited reported a significant shift in its revenue composition for FY2024, with a notable decline in sales of COVID-19-related products and traditional lancet devices due to post-pandemic market normalization and increased competition. However, the company experienced an 86% increase in sales of customized parts, driven by a strategic pivot towards integrated systems like continuous glucose monitoring devices, showcasing strong market acceptance of their engineering capabilities and positioning them for future growth in the medical device sector.
More about AMCO United Holding
AMCO United Holding Limited operates in the medical products industry, focusing on the production of lancet piping parts, customized parts for medical devices, and epidemic prevention products. The company is adapting to market changes by expanding its portfolio to include high-precision, non-invasive components and sub-assemblies for next-generation medical devices.
Average Trading Volume: 923,317
Technical Sentiment Signal: Buy
Current Market Cap: HK$280.6M
For detailed information about 0630 stock, go to TipRanks’ Stock Analysis page.