SINGAPORE, Dec. 8, 2023 /PRNewswire/ Singapore Newswirewire/The occasion for the winners to win the award was recently held in Manila, Philippines, due to travel restrictions imposed by the Covid-19 pandemic. In its annual survey, corporations are rated on the basis of various signs of monetary functionality and selected from a list of 20,000 corporations. This list recognizes the two hundred largest publicly traded corporations in the Asia-Pacific region with revenues between $10 billion and $1 billion.
The list, which is unranked, measures the long-term performance of companies based on full- year annual results, and firms are scored based on their track record in debt, sales, earnings per share growth and average returns on equity. Selection criteria included quantitative as well as qualitative factors. Companies with serious governance issues, questionable accounting, environmental concerns, management issues or legal troubles were excluded.
In its currency effects for the six months ended September 30, 2023, the Group recorded an overall improvement in its financials compared to the same time last year.
(See: Financial Statements and Related Announcements: Half-Year Results (sgx. com))
This was despite a challenging business environment dominated by international trade tensions, global geopolitics, and general slowdown in global economies.
One of the points that justifies the inclusion of the company in the list is its low leverage and prudent monetary discipline. The high interest rate environment has led to an increase in operating and financial costs, however, the company’s monetary position remains strong even if it sticks to its strategy of creating price for shareholders through R
Table 1 Liquidity and leverage of Samurai 2K Aerosoles*
*Source: SI station data
Fiscal Year 2023
Fiscal year 2022
Fiscal year 2021
Total Debt/Stockholders’ Equity
0. 44
0,23
0.23
Current Radius
2,35
2.39
2,58
Cash Ratio
1.11
1,54
1.84
Meanwhile, its revolutionary 2K generation for spray paints is nearing a takeoff point as marketing footprints have been established in primary U. S. markets. In addition, it offers a multitude of products and is based on a patented generation that soon hit the market. Tintatek, an exclusive generation of color matching and matching, will launch in the first quarter of fiscal 2025.
The company’s spray paints provide professional standard spray paint effects with wonderful convenience. This has resulted in the emergence of a new service: professional on-site spray painting where users are optimally chosen from a list of qualified professional Samurai 2K spray painters on an online platform. Professional spray painting courses are also offered with certification identified by the Malaysian government, offering a new source of income.
Ian Ong Yoke En, Founder, Executive Director & Chief Executive Officer sums up the investment merits of Samurai best when he says, “We are a creator of long-term shareholder value and our strong commitment to R & D brings forth a continuous stream of innovative products. At the same time, our complete digital transformation enables us to achieve scalability and economies of scale, and to move with great speed and efficiency to capture new business opportunities in the e-commerce world where geographical borders do not exist”
Ong added: “But we work in the monetary realm to be able to weather the ups and downs of the market while still focusing on our spirit of innovation. »
Issued by Samurai 2K Aerosol Limited
This press has been reviewed by UOB Kay Hian Private Limited (the “Sponsor”).
This press release has been reviewed or approved through Singapore Exchange Securities Trading Limited (“SGX-ST”) and SGX-ST assumes no responsibility for the contents of this press release, adding to the accuracy of any statements or revisions expressed. or reports contained in this press release.
The Sponsor’s touch user is Mr. Lance Tan, Senior Vice President, who can be reached at 8 Anthony Road #01-01, Singapore 229957, (65) 6590 6881.
Reference:
https://links.sgx.com/FileOpen/Samurai%20Annoucement%20-%20ForbesAsia.ashx?App=Announcement&FileID=780254
About Samurai 2K Aerosol Limited (SGX:Y8E)
Samurai 2K Aerosol Ltd (“SAMURAI”)® has been indexed on the Catalist Board of Singapore Exchange Securities Trading Limited (the “SGX-ST”) since January 2017. SAMURAI® is a fully incorporated aerosol specialist with experience in the refinish industry. as well as the aftermarket for the automotive refinish and refinish industry.
SAMURAI® aims to be the world’s most respected innovative aerosol system provider and offer the most innovative aerosol systems with the best user enjoyment and to create more job opportunities for all the sprayers in the world.
The SAMURAI® regional region is located in Singapore, while research, product development, branding and production are carried out in Malaysia. Samurai products are distributed internationally in Malaysia, Indonesia, Thailand, Philippines, Vietnam, Cambodia, the United Kingdom, the United States, Singapore and India. Its product line includes truck bed liner, marine epoxy primer, marine coating, granular textured epoxy boat deck primer, auto body epoxy primer and more. For more information, please visit our official online page at www. samurai2kaerosol. com.
Media & Analyst Contact: Samurai 2K Aerosol Limited Mrs. Saveena Prabakaran Legal Relations Executive Email: saveena@samuraipaint. jp
Waterbrooks Consultants Pte LtdM. Wayne KooTel. : 9338 8166 Email : wayne. koo@waterbrooks. com. sg Email : query@waterbrooks. com. sg