Sino United Worldwide Consolidated Ltd (OTCMKTS:SUIC) is making moderate gains in the early session on Thursday. The stock has been witnessing roller coaster ride over the past few months. The stock is up 1410% over the past 6 months.
Major Trigger:
SUIC Partner Suntech, the Largest Taiwan O2O Company, with 50,000 Merchants and 10 Million Users, Cooperates with Taiwan Big 4 Convenient Stores Include 7-Eleven, Family Mart, Aims to Serve Millions of Merchants Worldwide with Partner’s Supply Chain Fund and Proprietary Technology Platform
Key Highlights:
- Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) and Suntech Taiwan have a positive outlook for its global supply chain finance business segment as the global economy is expected to expand in 2021 amid implementation of investment-enhancing reforms.
- This is facilitated by a reinvestment cycle aimed at sustainable growth, backed by commitments valued in hundred millions of dollars from its partners and merchants.
- 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’s proprietary ‘EC-Solution Honeycomb’ is a free E-commerce platform for its members and users that allows them to shase unique affiliate marketing referral linkage to the major social media platforms, including Facebook, Instagram, LINE, WeChat, WhatsApp, and that ultimately allows merchandisers to connect to their target customers. In turn, this translates to commission paid to the members-users by the merchandisers upon successful sale of their products.
Market Reaction
As of 10:12, SUIC stock jumped by 6.25% to $4.25 with more than 25K shares traded hands, compared to its average volume of 189K shares. The stock has moved within a range of $3.7600 – 4.0000 after opening the trade at $3.76.
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