A Taiwanese maker of compact discs and portable hard drives has captured the attention of investors on plans to expand into data storage for cloud computing.
Ritek Corporation has surged 204 per cent since announcing on May 7 an agreement to manufacture discs that can hold as much as 300 gigabytes of data for Panasonic. That’s the best performance among the almost 900 members of Taiwan’s benchmark Taiex.
"The deal is an indication Taiwanese are getting more of the optical disc market, where demand could be boosted by the need to store data," said Richard Lin, a vice president at Taipei-based Reliance Securities Investment Consultant.
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"Investors are hopeful Ritek can turn around in 2019 or 2020 after years of losses, though that’s uncertain right now."
Mass production of the discs will start in July, according to Ritek’s statement, and the two companies plan to develop versions that can hold 1 terabyte in the future.
After the stock surged to a more-than decade high, the rally is looking overheated. The company’s relative-strength index has risen to 89, the most among Taiex members.
UAE currency: the story behind the money in your pockets
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Three ways to limit your social media use
Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.
1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.
2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information.
3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
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