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Procurri Corporation Limited
Procurri Corporation Limited
Procurri helps businesses and IT solutions providers by delivering enterprise data center products, services, and maintenance options for end users.
Procurri is the only 100% channel focused company in our space that focuses exclusively on partnering with the channel to deliver lifecycle solutions not typically available from the traditional IT channel.
Recent Developments
- 08 Jan 2025 Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)::Change in Interest of Substantial Shareholder - EXEO Global Asset Holdings Pte. Ltd.
- 08 Jan 2025 Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Change in Interest of Director - Mathew George Jordan
- 08 Jan 2025 Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Change in Interest of Director - Ng Loh Ken Peter
- 08 Jan 2025 Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Change in Interest of Director - Lim Puay Koon
- 08 Jan 2025 Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Change in Interest of Director - Wong Quee Quee, Jeffrey
- 08 Jan 2025 Employee Stock Option/ Share Scheme::ISSUANCE OF NEW SHARES PURSUANT TO PROCURRI CORPORATION PERFORMANCE SHARE PLAN
- 08 Aug 2024 Financial Statements and Related Announcement::Half Yearly Results
- 11 Jun 2024 Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Change in Interest of Director - Mr Ng Loh Ken Peter
- 10 Jun 2024 Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Change in Interest of Director - Mr Wong Quee Quee Jeffrey
- 10 Jun 2024 Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer::Change in Interest of Director - Dr Lim Puay Koon
- 10 Jun 2024 Employee Stock Option/ Share Scheme::GRANT OF SHARE AWARDS PURSUANT TO PROCURRI CORPORATION PERFORMANCE SHARE PLAN
- 10 May 2024 REPL::Annual General Meeting::Voluntary
- 26 Apr 2024 REPL::Annual General Meeting::Voluntary
- 16 Apr 2024 General Announcement::Change of Composition of the Board and Board Committees
- 16 Apr 2024 Change - Announcement of Cessation::Cessation of Non-Independent Non-Executive Director
- 16 Apr 2024 Change - Announcement of Appointment::Appointment of Mr. Lwi Tong Boon as Alternate Director to Mr. Fumitoshi Imaizumi
- 11 Apr 2024 Annual Reports and Related Documents::
- 11 Apr 2024 Annual General Meeting::Voluntary
- 05 Apr 2024 Employee Stock Option/ Share Scheme::ISSUANCE OF NEW SHARES PURSUANT TO PROCURRI CORPORATION PERFORMANCE SHARE PLAN
- 29 Feb 2024 General Announcement::UPDATE ON VOLUNTARY RESUMPTION OF QUARTERLY REPORTING
Competitive Strengths
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- Global systems in place for greater operational efficiency
- Second generation management team
- Strong underlying industry demand
Business Strategies and Future Plans
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- Penetration into Asia’s market by tapping on the network of the invigorated, new controlling shareholder
In The News
- The Edge: Procurri Corp, citing share price gain, is reviewing non-binding indications of interest
- The Business Times: DeClout makes mandatory cash offer for Procurri after married deal raised its stakes past 30%
Research
| Brokerages | Report | Analysts | Recommendation | TP |
|---|---|---|---|---|
| DBS Group Research | Download File | Singapore Research Team Sachin MITTAL |
FULLY VALUED | S$0.18 |
| KGI Securities | Download File | Tan Jiunn Chyuan (Kenny) | NEUTRAL | S$0.38 |
Stock Information
(as of 02 September 2024)
| Price | Market Cap (SGDm) | Enterprise Value (SGDm) |
|---|---|---|
| SGD 0.2150 | 69.94 | 63.95 |
Key Financial Highlights
| Key Highlights | TTM (SGD) |
|---|---|
| Revenue | 193.34M |
| Net Income Available to Common | -3.79M |
| Profit Margin | -1.96% |
| Return on Assets | -4.49% |
| Return on Equity | -7.35% |
| Price/Sales (ttm) | 0.37 |
| Price/Book (mrq) | 1.40 |
| Enterprise Value/Revenue | 0.33 |
| Enterprise Value/EBITDA | — |
| Total Cash (mrq) | 33.46M |
| Total Debt/Equity (mrq) | 54.81% |
| Levered Free Cash Flow (ttm) | 2.9M |