Streetbeat News

DTCK

Davis Commodities Limited Ordinary Shares

Industry

Agricultural Farm Products

Davis Commodities Limited, an investment holding company, operates as an agricultural commodity trading company in Asia, Africa, and the Middle East. The company trades in agricultural commodities, including sugar, rice, and oil and fat products under the Maxwill, Lin, and Taffy brands. It also provides warehouse storage and logistic, as well as agency services. The company was founded in 1999 and is headquartered in Singapore. Davis Commodities Limited operates as a subsidiary of Davis & KT Holdings Pte. Ltd.

Open

1.01

Mkt cap

24M

Volume

79K

High

1.03

P/E Ratio

48.50

52-wk high

1.75

Low

0.96

Div yield

N/A

52-wk low

0.76

Davis Commodities Limited (Nasdaq: DTCK) reported its unaudited financial results for the first half of fiscal year 2024, highlighting the impact of commodity price and shipping cost fluctuations on its performance.

Portfolio Pulse from

November 13, 2024 | 8:00 am

The article highlights the intraday movements of 12 consumer staples stocks on Wednesday. Notable gainers include Bruush Oral Care (BRSH), Planet Green Holdings (PLAG), Davis Commodities (DTCK), United Natural Foods (UNFI), Dingdong (Cayman) (DDL), and Vintage Wine Estates (VWE). Significant losers include Edible Garden AG (EDBL), Yatsen Holding (YSG), Mangoceuticals (MGRX), Local Bounti (LOCL), Shineco (SISI), and Lifeway Foods (LWAY).

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 4:31 pm

Davis Commodities reported a significant decline in its FY23 earnings per share (EPS) to $0.04 from $0.20 year-over-year, and a decrease in revenue to $190.724 million from $206.717 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:31 pm

Upstart Holdings, Inc. (UPST) shares fell by 10.3% after reporting Q1 financial results and issuing Q2 revenue guidance below estimates. Other stocks showed significant movement, with Reborn Coffee, Inc. (REBN) leading gainers with a 132.9% jump after announcing a market expansion into China. On the losing end, Treace Medical Concepts, Inc. (TMCI) dropped 60.8% after issuing FY24 revenue guidance below estimates.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 5:38 pm

Davis Commodities Limited, celebrating its 25th anniversary in 2024, has successfully listed on Nasdaq under the symbol 'DTCK' and is undergoing strategic consolidation to streamline operations. The company completed an IPO on September 21, 2023, raising approximately $5 million. It is now focusing on growth opportunities in the Asian sugar, oil, and rice markets, which are projected to grow significantly in 2024 according to a Frost & Sullivan Limited report.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:17 pm

Davis Commodities Ltd reported financial results for the first half of FY23 with revenue of $97.8M, down from $100.7M last year. Gross profit decreased to $4.2M from $6.7M, while income from operations and net income saw significant increases to $2.2M and $2.0M, respectively. EPS rose to $0.08 from $0.05.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 1:04 pm

In Monday's after-market session, several consumer staples stocks experienced movement. Notable gainers included Better Choice Co (BTTR), Chanson International (CHSN), MedAvail Holdings (MDVL), Kenvue (KVUE), Davis Commodities (DTCK), and Flora Growth (FLGC), with increases ranging from 3.96% to 13.4%. On the losing side, Mama's Creations (MAMA), Maison Solutions (MSS), Shineco (SISI), Elevai Labs (ELAB), Mangoceuticals (MGRX), and AgriFORCE Growing Systems (AGRI) saw declines between 2.0% and 8.7%. The movements were attributed to market dynamics, with specific earnings releases mentioned for MAMA and MSS.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 9:31 pm

In Friday's intraday session, several consumer staples stocks experienced significant movements. Bruush Oral Care (BRSH) saw a 25.6% increase, while Natural Grocers (NGVC) rose by 20.62% following their Q4 earnings report. Beauty Health (SKIN) increased by 17.41% after its Q3 earnings report. Stryve Foods (SNAX), Lifevantage (LFVN), and Edible Garden AG (EDBL) also saw gains. Conversely, Davis Commodities (DTCK), Spectrum Brands Holdings (SPB), 22nd Century Group (XXII), Ispire Technology (ISPR), Paranovus Enter (PAVS), and Benson Hill (BHIL) experienced declines, with SPB dropping 10.32% after its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 5:31 pm

Shares of Davis Commodities (DTCK) were halted on a circuit breaker after resuming trade, with the stock now down by 29.7%.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 3:25 pm

Shares of Davis Commodities (DTCK) were halted on a circuit breaker after resuming trade, with the stock now down by 5.16%.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 3:03 pm

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