Global Invacom’s Strategy to Exit SGX Watch-List
Global Invacom Group Limited has been placed on the SGX watch-list for not meeting financial entry criteria, requiring quarterly updates to exit the list. The company aims to achieve a consolidated pre-tax profit and maintain a market cap of S$40 million within 36 months. Shareholders are advised to exercise caution. Currently, the market cap stands at S$5.98 million, with an average trading volume of 915,938 shares.
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The latest update is out from Global Invacom ( (SG:QS9) ).
Global Invacom Group Limited has been placed on the SGX watch-list due to not meeting the Financial Entry Criterion. The company is required to provide quarterly updates on its progress to meet the exit criteria, which includes achieving a consolidated pre-tax profit and maintaining a market capitalization of S$40 million or more. The Board is committed to meeting these criteria within 36 months and advises caution to shareholders when dealing with the company’s shares.
More about Global Invacom
Global Invacom Group Limited is a company based in Singapore, operating in the satellite communications industry. The company, along with its subsidiaries, focuses on providing satellite ground equipment and related services.
Average Trading Volume: 915,938
Technical Sentiment Signal: Sell
Current Market Cap: S$5.98M
For a thorough assessment of QS9 stock, go to TipRanks’ Stock Analysis page.
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