Samurai 2K Aerosol

Samurai 2K Aerosol's FY18 earnings surge fivefold to $3.9 mil on higher sales
SINGAPORE (May 28): Samurai 2K Aerosol, the aerosol coating specialist of automotive refinishing, reported FY18 earnings surged fivefold to RM11.7 million ($3.9 million) from RM2.2 million a year ago. Revenue for FY18 more than doubled to RM90 million from a year ago mainly due to a RM29.65 million increase in revenue from its standard paint segment and a RM20.70 million increase in revenue ...
2 China-focused materials stocks are leading the way as sector blazes to 33% returns YTD
SINGAPORE (May 23): China-focused materials stocks China Sunsine Chemical Holdings and Delong Holdings are leading the way, as the sector generated a market capitalisation-weighted total return of 32.9% year-to-date in 2018. The materials sector, which comprises businesses involved in the processing of raw materials, has benefitted so far this year from an improved global economic ...
Samurai 2K Aerosol awards exclusive distributorship for Cambodian market
SINGAPORE (Dec 6): Samurai 2K Aerosol has appointed a distributor to crack open the Cambodian market. Samurai 2K Aerosol says wholly-owned subsidiary Orientus Industry Sdn Bhd (OISB) on Wednesday signed a sales and distribution agreement with Genesis GD Sdn Bhd. Under the agreement, Genesis GD has been granted sole distributorship of the group’s range of products in Cambodia. The ...
IPO boom feeds corporates. Will it benefit investors?
SINGAPORE (Dec 4): After a stellar performance in its first year as a publicly listed company, spray paint maker Samurai 2K Aerosol is raising more money at a valuation some five times above its IPO price. The Malaysian company, which makes coatings for the automotive industry, was the first to come to market this year and saw its shares jump 25% when it made its Jan 16 debut on Catalist. The ...
Samurai 2K Aerosol, best IPO performer this year, raising $10 mil in private placement to fund expansion
SINGAPORE (Nov 27): Samurai 2K Aerosol, the best performing IPO of 2017, is raising money for further growth. A company that sells spray paints, Samurai 2K Aerosol is placing out 10 million new shares at $1.008 each to raise net proceeds of $9.6 million for business development and expansion. UOB Kay Hian Private has been appointed the placement agent. Samurai 2k Aerosol sold shares in an ...
Samurai 2K Aerosol's 1H earnings quadruple to $2.1 mil
SINGAPORE (Nov 10): Samurai 2K Aerosol saw its earnings quadruple to MYR 6.4 million ($2.1 million) for the half-year ended September, from MYR 1.5 million a year ago. Revenue doubled to MYR 34.5 million in 1H18, from MYR 17.1 million a year ago. This was on the back of higher revenue due to higher sales volume from its standard paint and premium segments, which grew 105.9% and 111.3%, ...
Samurai 2K Aerosol enters MOU with Cambodia distributor
SINGAPORE (Oct 10): Samurai 2K Aerosol’s wholly-owned subsidiary Orientus Industry has signed a memorandum of understanding (MOU) and appointed Genesis GD as the sole and exclusive distributor of the group’s line of products in Cambodia. In a filing on Tuesday, Samurai says it is “definitely eyeing” to tap on Cambodia’s fast growing market. “We are now enjoying the fruit of our ...
STI closes 0.4% lower at 3,013.12
SINGAPORE (Jan 16): Singapore shares ended in red on Monday in line with the trend in rest of Asia. The 30-stock Straits Times Index ended 0.4% or 11.95 points lower at 3,013.12. Volume of shares traded was 2.8 billion valued at $817.4 million. Losers outnumbered gainers 277 to 162. Samurai 2K Aerosol made a strong trading debut on Monday morning with its shares jumping to 25 cents -- ...
Shares of Samurai 2K Aerosol up 25% on trading debut open
SINGAPORE (Jan 16): Samurai 2K Aerosol made a strong trading debut on Monday morning with its shares jumping 25% when trading opened. The share price of the Catalist-listed aerosol coating specialist opened at 25 cents, up from its IPO price of 20 cents. As at 4.14pm, the counter is trading at 24.5 cents with 5.2 million shares traded. The first for the Singapore Exchange this year, ...
Samurai 2K Aerosol IPO placement shares fully subscribed
SINGAPORE (Jan 12): Samurai 2K Aerosol announced Thursday that the placement for its initial public offering has been fully subscribed at the close of the application list at 12pm. The placement comprised 20 million new shares priced at 20 cents per share, raising a total of $4 million. In a statement on Thursday, Samurai 2K says the net proceed of around $2.35 million will be used for the ...