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Hot stock: Watches.com up as much as 20% after news of contract win

Michelle Zhu

Michelle Zhu

Published Mon, Aug 29, 2022 · 11:01 AM
    • Watches.com secured a contract worth about S$8.7 million to install and maintain duct lines and manhole services in the Orchard region of Singapore.
    • Watches.com secured a contract worth about S$8.7 million to install and maintain duct lines and manhole services in the Orchard region of Singapore. PHOTO: BLOOMBERG

    SHARES of Watches.com gained traction on Monday (Aug 29) morning after the online timepiece retailer announced its maiden contract win from a telecommunications operator on Friday.

    As at 9.36 am, the Catalist-listed counter jumped 20 per cent or S$0.003 to reach S$0.018 with some 18.5 million securities traded. It later eased to trade at S$0.016, up S$0.001 or 6.7 per cent, as at 10.25am with 26.4 million shares changing hands.

    No married deals took place in early trade, according to ShareInvestor data.

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