MDR

MDR: Stock could see positive interests, after grp announced it is planning to set up a JV with 3 other firms to break into the teleco industry in Myanmar. MDR signed a non-binding heads of agreement with Be-Well (Myanmar) Co, Be-Well Corp and Avitar Enterprises, to form a JV firm. MDR will hold a 51% stake in this tie-up. The JV co aims to provide after-sales services for telecommunication devices. It is also looking to provide exclusive consultancy and retail franchisee procurement services for Myanmar-based Golden Myanmar Sea (GMS). To Recap, mDR operates Singapore's largest network of more than 50 retail stores providing M1 and SingTel services including mobile, fixed and wireless broadband. Besides Nokia and Samsung concept stores, it also manages Handphone Shop, 3Mobile shops, and Gadget World. Technically, $0.012 would be stock’s near-term resistance.