3 hot ASX tech shares to watch

These three tech companies which posted solid recent gains could be worth keeping an eye on.

Yojee Ltd (ASX: YOJ)

The Yojee share price is bouncing back after gaining another 16 per cent on Tuesday with shares in the company now trading for about 29 cents.

The company announced it had entered into a partnership agreement with a subsidiary of China’s largest shipping and logistics company.

Yojee, a logistics company, says it uses “artificial intelligence and blockchain technology to create a seamless regional network”

Yojee announced it had entered a partnership with Sinotrans Integrated Logistics Australia (SILA), part of the Sinotrans and CSC international network, in which SILA would utilise Yojee’s product.

“The Yojee platform was selected by SILA to deliver real time dynamic tracking, communications and dispatching optimisation solutions to complex job requirements,” according to Yojee.

“It also provides instant connectivity and job management solutions for all SILA’s fleet partners within its internal and broader network.”

The Yojee share price slumped this month after trading for 34 cents in early January.

But the company’s shareholders have still benefited from gains exceeding 530 per cent over the past year.

Yojee’s market value has now risen to almost $215 million as investors continue to place faith in Yojee, a company which posted a loss of $1.96 million for financial year (FY) 2017. 

Fastbricks Robotics Ltd (ASX: FBR)

The Fastbricks Robotics share price continues to rise, gaining another 2.86 per cent on Tuesday.

Shareholders of the company, with a market value of around $188 million, have seen their stock rise by 100 per cent over the past year.

But the Fastbricks Robotics share price, now trading for about 18 cents, remains below the 28.5 cents it hit in August last year.

The company has developed a robotic brick layer that can lay 1,000 bricks per hour.

Fastbricks Robotics has recently altered its management structure with a series of key appointments.

Fastbricks this month appointed a chief financial officer, a global strategy adviser and a global technology construction expert.

That follows the appointment of Mark Sheridan as general manager of operations in December.

It appears Fastbricks Robotics is putting key players in place a bid to fast track the company’s growth potential.

Fastbrick ended FY17 with a closing cash balance of $8.6 million and announced it “remains well funded” for 2018.

Novatti Group Ltd (ASX: NOV)

The Novatti share price was up by 5.88 per cent on Tuesday, adding to gains exceeding 100 per cent over the past year.

Novatti, a digital payments service provider with a market cap of about $49 million, provided a positive trading update last week.

The company announced transaction processing revenue increased by 93 per in the December quarter on prior corresponding period, growing from $175,000 to $339,000.

Novatti reported a loss of about $4.7 million for financial year FY 2017.

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Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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