DeClout

DeClout: Featured in The Edge. Operates in two main business segments: IT infrastructure and verticla domain cloud (VDC). The largest IT infra biz comprises another three divisions : - the IT asset recovery and maintenance business under Procurri Corp, - an IT systems integration service business under Acclivis and - a telco system integration business under Beaqon. Following acquisitions from early 2013 to mid-2014, which helped build a global network for Procurri Corp, the group plans to list the latter in HK by 2016. From Jun '14, DeClout acquired Indonesia-based payment processing service Netipay for $4.72m. More recently, the group spent $11.5m to acquire Asia Wiring Systems, and another $2.1m to acquire Pacific Wave. DeClout has risen more than 82% year to date, and now trades at 19.6x FY14e P/E.