Jubilee Industries Holdings

Net proceeds are expected to stand at $1.84 million, and is set to be used for the group’s working capital needs.

Shares in Accrelist and Jubilee closed at 3.7 cents and 2.7 cents respectively on Oct 12.

This is mainly due to the fair value loss of the company’s investment in shares of EG Industries Bhd of $2.2 million.

The group says it expects to face continued headwinds including rising logistics and raw material costs.

RHT Capital is currently the continuing sponsor for 24 companies on the SGX Catalist board. But other firms under the RHT Group also provide legal and other services to certain sponsored issuers.

SINGAPORE (June 1): CGS-CIMB Research is maintaining its “add” call on Jubilee Industries Holdings with an unchanged target price of 51 cents, in view of a strong earnings growth outlook post the group’s successful turnaround to net a profit in FY18

SINGAPORE (June 1): NRA Capital is rating Accrelist at “overweight” with a fair value of 1.2 cents but has classified the stock pick as “high risk” as the new businesses are still in the infancy stage.

SINGAPORE (Mar 12): CIMB is starting coverage of post-restructured Jubilee Industries at “add” with a target of 5.1 cents.