shopper360

shopper360 reports 37% fall in 1H earnings to $0.96 mil on higher expenses from new subsidiaries

SINGAPORE (Jan 11): shopper360, the provider of shopper marketing services in the retail and consumer goods industries in Malaysia, reported a 37% decrease in 1H earnings to RM 2.9 million ($0.96 million) from a year ago.

The group’s 1H19 results was impacted by lower sales from Malaysia’s in-store media, higher costs of sales, and revenue from services which had lower gross margins.

shopper360 started at 'trading buy' despite CEO's resignation amid allegations of misconduct

SINGAPORE (June 13): Phillip Securities Research is initiating coverage on Malaysia-based marketing services provider shopper360 with a “trading buy” recommendation and a target price of 33 cents.

The target price is more than 83% higher than shopper360’s last traded price of 18 cents on May 8.

The brokerage’s coverage initiation comes despite shopper360 losing its CEO just two months ago.

shopper360 posts 31% rise in half-year earnings to $1.5 mil after disposing loss-making unit

SINGAPORE (Jan 12): shopper360, the provider of shopper marketing services in the retail and consumer goods industries, reported a 31% rise in 1H18 earnings ended Nov to RM 4.6 million ($1.53 million) from RM 3.5 million a year ago.

See: Singapore’s 2017 IPO activity to surpass that of 2016: PwC

This came on the back of the disposal of Paragon Premium Sdn. Bhd. which had reported a loss, net of tax, of RM 1.4 million in 1H17.

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 company had placed out 20 million shares at 20 cents each, to raise net proceeds of $2.35 million.

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Shopper360 one step closer to JV to provide marketing services in Myanmar

SINGAPORE (Nov 16): shopper360, the Malaysia-based shopper marketing services provider, has entered into a definitive joint venture agreement with Pahtama Group to incorporate a new joint venture company in Myanmar.

The JV Co will provide marketing services in the retail and consumer goods industries in Myanmar, which shopper360 says will allow it to “seize the growing business opportunities” in the country.

shopper360 will hold 60% of the total share capital of the JV Co while Pahtama will hold 40%.

shopper360 in JV to provide marketing services in Myanmar

SINGAPORE (Sept 28): shopper360 is making a foray into the business of providing marketing services in the retail and consumer goods industries in Myanmar.

The Malaysia-based shopper marketing services provider entered into a non-binding memorandum of understanding with Pahtama Group Co. for the incorporation of a new joint-venture company in Myanmar.

shopper360 will hold 60% of the total share capital of the JV Co while Pahtama will hold 40%.

Singapore’s 2017 IPO activity to surpass that of 2016: PwC

SINGAPORE (July 3): The volume of IPO funds raised by end-2017 is expected to surpass 2016 levels with professional services leading the way as the sector with the most funds raised, according to PricewaterhouseCoopers (PwC) Singapore.  

Based on recent data from PwC’s Equity Capital Markets Watch: Singapore H1 2017 report, initial public offerings (IPOs) in Singapore have raised US$329 million ($452.5 million) in the first half of 2017 alone.  

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