Friday 25 November 2016

Stocks to watch: YUUZOO Corporation , Singtel




YUUZOO Corporation: The mainboard-listed social networking, e-commerce and entertainment company said on Friday its new equity investment in movie studio Relativity Holdings Media (in which it acquired a 33.3 per cent stake for US$27.5 million last month) will be at least US$15 million and up to US$150 million.
It said: "The proposed equity investment is in line with the company's business strategy to add high-quality media content for distribution through the company's 'YuuZoo' social e-commerce platform and for online and mobile payments to be made using the company's 'YuuPay' payment system."

Singtel: A large jump in the communications and ICT solutions group's shares helped the Straits Times Index post a 4.03-point rise to 2,843.72 on Thursday, in a session where the broad market weakened, recording 179 rises versus 237 falls.

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