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Thunder Tiger’s stock soars with drone tech breakthrough
Thunder Tiger Corporation’s shares surge on the successful rollout of commercial military drones, reaching a five-month high. With the Ministry of National Defense awarding lucrative tenders, the company’s drones, including the Seashark 400 and TM-450 Hornet, are poised for mass production to meet Taiwan’s military needs.2024/03/27 16:03 -
Taiwan defense stocks surge ahead of presidential election
Taipei’s military, national defense, and aerospace stocks experienced notable performances in early trading as Taiwan’s presidential election approaches. AirAsia, Aerospace Industrial Development Corporation (AIDC), and Thunder Tiger stood out, attracting investor attention. With the United States reporting a slowdown in inflation growth, the market anticipates a lower probability of further interest rate hikes by the Federal Reserve (Fed). AirAsia reported a net zero profit for the first ten months of the year, with optimism in the commercial maintenance market. AIDC exceeded last year’s total revenue in the first ten months, aiming for its highest annual profit since listing. AIDC Chairman Hu Kai-hung is working towards enhancing Taiwan’s aerospace industry through the A-Team 4.0 alliance. Thunder Tiger is planning collaborations with domestic electric vehicle supply chains and aiming to introduce innovative solutions in the defense sector.2023/12/12 19:13