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Stocks to watch: DBS, Parkson Retail Asia, Artivision Tech

  • 📰 The Straits Times
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  • Publisher: 63%

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SINGAPORE - The following companies saw new developments that may affect trading of their securities on Tuesday (Oct 8):. Read more at straitstimes.com.

SINGAPORE - The following companies saw new developments that may affect trading of their securities on Tuesday :

DBS: Singapore's largest bank said its artificial intelligence programme, a chatbot named Jim, introduced last year has sped up and improved the quality of initial screening for hiring wealth planners. About one-third of the candidates who passed Jim's vetting went on to get jobs with DBS, compared with only one-seventh under the previous system which relied solely on human recruiters, according to Susan Cheong, head of talent acquisition at DBS.

Parkson Retail Asia: The independent auditor has flagged a"material uncertainty" about the watch-listed department store operator's ability to remain as a going concern, highlighting the net loss of $34.6 million incurred in the fiscal year ended June 30. However, Parkson's board said it has received an undertaking from its holding company to provide continued financial support for one-year from the date of the board's approval of the audited financial statements.

Artivision Technologies: The Catalist-listed video solutions provider has obtained a further six-month extension to complete a reverse takeover deal where it will give up a 70 per cent stake in exchange for Mobile Credit Payment . Artivision applied for the extension, from Aug 31, 2019 to Feb 29, 2020, in part due to MC Payment having difficulties in raising pre-IPO funds. The counter last traded at 0.4 cent on Sept 26.

 

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Stocks to watch: DBS, Parkson Retail Asia, Artivision TechTHE following companies saw new developments that may affect trading of their securities on Tuesday: Read more at The Business Times.
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