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NewsHot Stock SMTrack most active, up 4.17% on strategic partnership with China firm
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Hot Stock SMTrack most active, up 4.17% on strategic partnership with China firm
by Cals Tue 22 Dec 2015, 22:43
Hot Stock
SMTrack most active, up 4.17% on strategic partnership with China firm
By Surin Murugiah / theedgemarkets.com | December 22, 2015 : 9:29 AM MYT
KUALA LUMPUR (Dec 22): Shares of Loss-making tracking solutions provider SMTrack Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 1.40) were the most actively traded and rose 4.17% early today after the company said it is expecting an order book of RMB250 million (RM165.78 million) by financial year ending Mar 31, 2018 (FY18), after forming a strategic partnership with Guangdong RFID Technology Service Centre (GDRC) to provide tracking and traceability services for Malaysian and Southeast Asian food exporters.
At 9.09am, SMTrack rose half a sen to 12.5 sen with 18.07 million shares traded.
Speaking to reporters at a press conferenceyesterday, SMTrack vice president Winsen Tan said the company is targeting to provide its services to RMB25 billion worth of trade from Malaysia to the Guangdong province.
ACE-market listed SMTrack has entered into a strategic partnership agreement with China's GDRC for the exclusive rights to be the latter's partner to link up importers and exporters from Malaysia and other Southeast Asian countries under a single common window platform, South China Logistics Platform, to facilitate and expedite the entry of goods, especially food items, which require traceability into Chinese ports
SMTrack most active, up 4.17% on strategic partnership with China firm
By Surin Murugiah / theedgemarkets.com | December 22, 2015 : 9:29 AM MYT
KUALA LUMPUR (Dec 22): Shares of Loss-making tracking solutions provider SMTrack Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 1.40) were the most actively traded and rose 4.17% early today after the company said it is expecting an order book of RMB250 million (RM165.78 million) by financial year ending Mar 31, 2018 (FY18), after forming a strategic partnership with Guangdong RFID Technology Service Centre (GDRC) to provide tracking and traceability services for Malaysian and Southeast Asian food exporters.
At 9.09am, SMTrack rose half a sen to 12.5 sen with 18.07 million shares traded.
Speaking to reporters at a press conferenceyesterday, SMTrack vice president Winsen Tan said the company is targeting to provide its services to RMB25 billion worth of trade from Malaysia to the Guangdong province.
ACE-market listed SMTrack has entered into a strategic partnership agreement with China's GDRC for the exclusive rights to be the latter's partner to link up importers and exporters from Malaysia and other Southeast Asian countries under a single common window platform, South China Logistics Platform, to facilitate and expedite the entry of goods, especially food items, which require traceability into Chinese ports
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