DeClout

DeClout: (S$0.215) Stamp of approval from government for $10m in funding
- Awarded a $10m VC fund by the National Research Foundation (NRF)
- Scheme entails an investment up to $10m on a 1:1 matching basis
- Investment focus will remain on disruptive start-ups in digital economy, including big data analytics, smart logistics, cyber security and fintech.
- Declout has received approval on its proposed spin-off of 69%-owned Procurri.
- Market watchers estimate that DeClout could see a windfall of ~$48.6m, or 37% of its current market cap.
- Trading at a trailing P/E of 21.1x, with EPS projected to grow from FY15's low base of 1.08¢ to 6.54¢ in 2016.