Jismyl Teo, CEO of DMX Technologies. Photo by Sim Kih

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.

World Precision Machinery: Rebound from 49.5 cent low

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


0 #1 yogibear 2011-06-29 03:57
Will World Precision rise for a 3rd day today? Dow was strong overnight. S-chips like World Precision have been oversold. Will World P touch 60 cents today?

Share Prices

Counter NameLastChange
AEM Holdings4.010-0.020
Avi-Tech Electronics0.280-
Broadway Ind0.139-
China Sunsine0.460-
Food Empire0.5150.005
Fortress Minerals0.340-
Geo Energy Res0.370-
Golden Energy0.785-0.005
GSS Energy0.050-
ISDN Holdings0.4300.005
IX Biopharma0.136-
Jiutian Chemical0.0780.002
KSH Holdings0.340-
Leader Env0.050-
Medtecs Intl0.1110.001
Meta Health0.029-
Moya Asia0.088-0.001
Nordic Group0.5050.015
Oxley Holdings0.160-
REX International0.2350.005
Sinostar PEC0.180-
Southern Alliance Mining0.6650.035
Straco Corp.0.410-
Sunpower Group0.275-0.005
The Trendlines0.084-0.002
Totm Technologies0.124-
UG Healthcare0.177-0.002
Uni-Asia Group0.9050.015
Wilmar Intl3.9500.100
Yangzijiang Shipbldg1.0500.010

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1503 guests and no members online