DMX Technologies' stock sprang to life today after it announced the launch of its mobile solution cloud platform, D-Smart, by its wholly-owned subsidiary, Beijing DMX Xingnet Information Technology Ltd
The stock rose 2.5 cents, 7.7%, to 35.5 cents with 17.3 million shares changing hands.
The D-Smart platform, which offers a variety of cloud-based mobile applications to enterprises in China, rides on the rapid growth of smartphone usage by consumers and enterprises.
According to market research firm, IDC, smartphone shipments in China constituted 17% of the global handset sales in 2010, up from only 8% in 2008.
Read the press release here.
World Precision Machinery, which manufactures and supplies stamping machines for several industries such as automotive, rose 1.5 cents, or 2.8%, to close at 55 cents today.
Yesterday, it had added 4 cents, or 8%.
The stock is rebounding from a selldown from 67 cents reached in early June as the Greek debt crisis unfolded, coinciding with a souring sentiment towards S-chips.
In the year to date, the company, however, appears to be on solid ground.
In 1Q, its net profit jumped 69%.
As of April 2011, the Group had clinched an orderbook of RMB428 million with a delivery period of 3 – 9 months.
In March this year, its CEO, Mr Shao Jian Jun, said in an interview with Reuters: "We target at least 40 percent growth in sales this year. In the next three to five years, we will still see high growth."
Recent story: WORLD PRECISION MACHINERY: Strong order book of RMB428m