Sino United Worldwide Consolidated Ltd (OTCMKTS:SUIC) is trading with a mild fall on Tuesday. The stock has been witnessing a nice uptrend since over the past week with a jump of around 25%. Will the Rally continue?
Major Trigger:
SUIC Partner Suntech Taiwan, Which Joint Ventures With 28 Taiwan Major Banks together with Visa and Master Card, Over 15 Million Transactions and Over 1 Billion Turnover Rate, is Targeting the 21 Trillion Global Supply Chain Market for Large-Scale Digital Payment Technology Proliferation
Key Highlights:
- Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) and Suntech Technology, Taiwan are confident to achieve a significant growth in its target global market expansion this year onwards. Suntech Technology has joint ventures with 28 major banks in Taiwan and with credit cards including Visa and Mastercard. It has over 15 million transactions and a turnover rate of over 1 billion dollars and is targeting the 21 trillion global supply chain market that will lead to large-scale digital payment technology proliferation.
- SUIC Suntech has strong competitive edge over its competitors as it delivers O2O services with its first-to-market differentiation features and is leading by almost a decade in terms of advanced technology, zero thresholds in the O2O dominion. The Company’s technology is hard to replicate even by the major competitors who offers “online” services such as O’Pay and Gama Pay and even the banks that charges interest on O2O transactions while SUIC Suntech offers zero interest.
- SUIC Suntech together creates and offers efficient, reliable and fast-moving solutions to its customers in the era of strong smartphone penetration and increased cloud computing to serve the Trillion Dollar E-Commerce market. The Company’s proprietary and unique services help merchants in lowering their expense burden while enhancing the safety in providing accurate financial information online for consumers, gaining the general trust of users online/ offline, and at the same time, allowing the Company to generate and collect data as a reporting tool.
Market Reaction
As of 10:35, SUIC stock moved down by 4.26% to $4.26 with more than 29K shares traded hands, compared to its average volume of 187K shares. The stock has moved within a range of $4.2400 – 4.4900 after opening the trade at $4.49.
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