|Bid||0.005 x 0|
|Ask||0.006 x 0|
|Day's range||0.005 - 0.006|
|52-week range||0.004 - 0.008|
|PE ratio (TTM)||∞|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Accrelist has entered into an agreement to acquire an aggregate of 10 percent stake in a blockchain service provider for a total consideration of $1 million.
Accrelist reported revenue of US$29.1 million for 1H18, surging almost 50-folds from just US$0.6 million in 1H17. In line with the higher revenue, gross profit was higher at US$2.4 million (1H17: US$0.1 million). Following the consolidation of Jubilee Industries Holdings, excluding one-off expenses,the group returned to profitability with a net profit of US$1 million.
Animal spirits amongst local investors were recently lifted when the Ministry of Trade and Industry announced that advanced estimates for Singapore’s 3Q GDP showed a 4.6 percent growth this year. The higher-than-anticipated growth rate was driven by the robust expansion of manufacturing industries in the electronics, biomedical engineering and precision engineering clusters.