Hot stock: Creative Tech rallies to 1-year high after Super X-Fi online launch, Companies & Markets

Hot stock: Creative Tech rallies to 1-year high after Super X-Fi online launch, Companies & Markets

Mon, Jun 08, 2020 - 2:42 PM SHARES of Creative Tech continued their climb on Monday, days after the mainboard-listed company unveiled its Super

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Mon, Jun 08, 2020 – 2:42 PM

SHARES of Creative Tech continued their climb on Monday, days after the mainboard-listed company unveiled its Super X-Fi products in China remotely.

The stock gained S$0.65 or 19.9 per cent to reach an intraday high of S$3.92 shortly after the opening bell. The last time it closed above this level was about a year ago when it finished at S$3.95 on May 31, 2019, according to Shareinvestor data.

Creative eased to trade at S$3.62 by 2.29pm on Monday, up S$0.35 or 10.7 per cent from the previous close, with some 1.8 million shares changing hands.

On Friday, the counter had jumped 42.2 per cent or S$0.97 to finish at S$3.27, after the company launched the Super X-Fi range in China via live-streaming.

The Super X-Fi technology promises to deliver “holographic audio” with its high-end multi-speaker system which makes users feel as if they are immersed in the environment of a video game or attending a concert in person. 

Creative has put the technology into products such as headphones and gaming headsets.

When the company first announced the…



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