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

Stocks To Watch

FEHT, Declout, ValueMax, CNMC, POSH, Serial

SINGAPORE (Feb 22): Here are some stocks that could move the market this Wednesday morning.

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.

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. 

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.

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

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

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.

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:

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.
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