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Courts Asia
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March 05, 2021
Buyout
Courts Asia to be delisted after losing free float
SINGAPORE (Mar 14): Courts Asia, the regional retailer of furniture and household and IT appliances, is set to be delisted after losing its free float.
March 14, 2019
Results
Courts Asia 9M losses widen to $5.4 mil
SINGAPORE (Feb 10): Courts Asia, which received a buyout offer from Japanese electronics retailer Nojima Corporation last month, reported losses for the nine months (9M) ended Dec widened to $5.4 million after reversing into a loss $171,000 in 3Q, compare
February 10, 2019
M&A
Courts Asia gets 20.5 cents per share offer from Tokyo-listed Nojima
SINGAPORE (Jan 18): Courts Asia, the regional purveyor of furniture and household and IT appliances, has received a 20.5 cents voluntary conditional cash offer from Nojima Asia Pacific for all its issued and outstanding ordinary shares.
January 18, 2019
M&A
Courts Asia subsidiary acquires Jakarta building; terminates 2 megastore leases
SINGAPORE (Jan 15): Courts Asia’s Indonesian subsidiary is acquiring a new property but ending two existing megastore leases as part of the group’s ongoing review of its store network and store format in the country.
January 15, 2019
Results
Courts Asia sinks into the red in 1Q on lower revenue
SINGAPORE (Aug 13): Courts Asia sank into the red with a net loss of $2.2 million for the 1Q ended June, compared to earnings of $6.1 million a year ago.
August 14, 2018
Courts Asia sounds profit warning for 4Q18
SINGAPORE (Apr 18): Courts Asia says it expects 4Q earnings ended March to be significantly reduced, with the possibility of reporting a net loss position for the quarter.
April 18, 2018
Sponsored
Iskandar Malaysia a gateway for global business services
Expanding into Asia-Pacific while keeping costs low can be challenging for businesses. Attracting talent is another concern. Singapore-listed electrical and furniture retailer Courts Asia found a solution just across the border. Last year, it set up the C
February 28, 2018
Broker's Calls
Stocks to benefit from Budget 2018: UOB
SINGAPORE (Feb 20): UOB KayHian remains positive on property stocks and REITs saying the raising of BSD (Buyers Stamp Duty) rate is more of revenue collection than a property cooling measure.
February 20, 2018
Results
Courts Asia posts 28.7% decline in 3Q earnings of $3.5 mil on lower profit margin
SINGAPORE (Feb 13): Courts Asia, the electrical, furnishing and consumer electronics retailer, announced earnings of $3.5 million for the third quarter of FY17, down 28.7% from its net profit of $4.9 million a year ago on lower gross profit margin and hig
February 13, 2018