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DeClout
DeClout faces lawsuit over dealing in shares of former subsidiary Acclivis
SINGAPORE (July 12): Technology firm DeClout says HRA Corporation, a company that trades and supplies energy products, has filed a writ of summons and statement of claim against the company, Chairman and Group CEO Wong Kok Khun and Acclivis CEO Marcus Che
July 12, 2017
Stocks To Watch
FEHT, Declout, ValueMax, CNMC, POSH, Serial
SINGAPORE (Feb 22): Here are some stocks that could move the market this Wednesday morning.
February 22, 2017
Results
Declout's FY16 profitability and revenue hit record high
SINGAPORE (Feb 22): Technology company Declout saw FY16 earnings more than double to $7.8 million while revenue rose 8.8% to a record high of $304 million.
February 22, 2017
Results
Declout reports 3Q losses of $3.3 mil on Procurri IPO costs
SINGAPORE (Nov 10): Declout reported a $3.3 million loss for 3Q16 driven mainly by Procurri’s listing expenses of $2.2 million. Excluding the one-time Procurri expenses, 3Q16 losses would be at $1.1 million due to operating losses from subsidiaries.
November 10, 2016
Declout disposes stake in Cambodian wiring unit of AWS
SINGAPORE (Nov 4): Declout says subsidiary Asia Wiring Systems (AWS) has agreed to sell its entire 55% stake in Asia Wiring Systems (Cambodia) or AWS (Cambodia) to Ly Sakhun for $778,000 in cash.
November 04, 2016
Broker's Calls
Declout’s no flash in the pan; plans for growth after spinoffs
SINGAPORE (Nov 1): NRA Capital is maintaining its “overweight” call on Declout with a fair value of 34 cents after management outlined plans to grow its remaining businesses organically and inorganically to offset the revenue gap left by Acclivis with
November 01, 2016
DeClout sells subsidiary for $75 million, beefs up war chest and readies for ‘winter’
Vesmond Wong, chairman and group CEO of IT company DeClout, seems to have a fondness for Game of Thrones themes. When he spun off Procurri, which trades data centre equipment, in July, the IPO project was codenamed “Iron Throne”, after the throne that
October 21, 2016
Broker's Calls
After Procurri and Acclivis, there is still Beacon, Corous 360 and vCargo Cloud for this company
SINGAPORE (Oct 17): DeClout has proven its expertise in growing and spinning off tech companies since its 2012 Catalist listing, according to a unrated report by Maybank Kim Eng.
October 17, 2016
Stocks To Watch
SPH, DeClout, Duty Free, Top Glove, SB REIT, TEE Int’l
SINGAPORE (Oct 13): Here are some factors and stocks that could move the market this Thursday morning:
October 13, 2016
DeClout sells IT services unit Acclivis to CITIC Telecom, books $28 mil gain
SINGAPORE (Oct 12): DeClout, which has been rapidly growing by acquisitions over the past four years, is marking yet another reversal in its strategy: selling.
October 12, 2016