Declout Limited ("Declout" or the "Company") is offering 31m placement shares at $0.25 each for a Catalist listing. The market cap based on the IPO price will be S$51m. The website is here and the prospectus is here.
Declout is a IT solutions provider mainly targeting "Vertical Domain Clouds", starting with the online gaming sector. While online gaming has huge potential, it has unfortunately, in my view, failed to take off in a significant way in the Southeast Asia region even though IAH was one of the pioneers here. I believe IAH is one of the clients of declout.
Financial Highlights
The revenue has increased from $833k in FY2009 to $38m in FY2011 and the profit increased from $59k to $1m during the same period. The 1Q2012 revenue continued to show a nice traction over the same period last year.
Based on the EPS of Singapore 0.52 ...
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