Davis Commodities Ltd

Davis Commodities Ltd. engages in the distribution and sales of sugar, rice, and fat products. It distributes agricultural commodities to various markets, including Asia, Africa, and the Middle East regions. It operates through the following segments: Sale of Sugar, Sale of Rice, Sale of Oil and Fat Products, and Sale of Others. The company was founded on September 11, 1999 and is headquartered in Singapore.

SINGAPORE, May 15, 2024 (GLOBE NEWSWIRE) -- Davis Commodities Limited (Nasdaq: DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, today announced its financial results for the fiscal year ended December 31, 2023.

Davis Commodities Limited Announces Fiscal Year 2023 Financial Results

SINGAPORE, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Davis Commodities Limited (Nasdaq: DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, today announced its unaudited interim financial results for the six months ended June 30, 2023. Ms. Li Peng Leck, Executive Chairwoman and Executive Director of Davis Commodities, commented, “We are thrilled to share our financial results for the first half of fiscal year 2023, which recorded a notable increase of net income by 66.6%.

Davis Commodities Limited Announces First Half of Fiscal Year 2023 Unaudited Financial Results

Singaporean agricultural commodity trading company, Davis Commodities Ltd., went public last week but has seen minimal growth since listing. Davis has an asset-light business model with significant pricing power and high returns in 2022. The company's profitability is driven by a global sugar shortage and cost-plus pricing, but the share price is largely speculative.

Davis Commodities: Profit-Machine, But 65% Of Share Price Is Just Growth Expectations

SINGAPORE, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Davis Commodities Limited (Nasdaq: DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, today announced the closing of its initial public offering (the "Offering") of 1,250,625 ordinary shares at a public offering price of US$4.00 per ordinary share, including 163,125 ordinary shares issued pursuant to the full exercise of the underwriters' over-allotment option. The ordinary shares began trading on the Nasdaq Capital Market on September 19, 2023 under the ticker symbol "DTCK."

Davis Commodities Limited Announces Closing of Initial Public Offering Including Full Exercise of Over-Allotment Option

Singapore-based Davis Commodities has downsized its initial public offering (IPO). Originally planning to offer 3.4 million shares, the agricultural commodities trader has now scaled it down to 1.09 million shares.

Davis Commodities IPO downsized

Davis Commodities, a Singaporean agricultural commodities trader, downsized its planned initial public offering on Wednesday to 1.09 million shares from 3.4 million shares previously.

Singaporean trader Davis Commodities downsizes IPO to 1.09 million shares from 3.4 million

Davis Commodities Limited has filed proposed terms for a $13.6 million U.S. IPO. The firm trades in various commodities such as sugar, rice and oil & fat products. Davis Commodities operates in a high volatility and low-margin business, so I'm Neutral [Hold] on the IPO.

IPO Update: Davis Commodities Readies U.S. IPO

Davis Commodities has filed to raise $17 million in a U.S. IPO. The Singapore-based firm trades sugar and other agricultural commodities worldwide.

News for Davis Commodities Ltd Stock (DTCK)