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

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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

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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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