Axington Inc. (SG:XHV) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Serial Achieva Limited, previously known as Axington Inc., has seen a 19% increase in revenue for its subsidiary Achieva Technology Malaysia in FY2023, driven by a significant uptick in laptop distribution. Despite this growth, overall product segments suffered a 12% decline due to factors such as weakened consumer demand and overstocking. The group, after completing a reverse takeover, is actively distributing IT products across Asia, aiming to boost the region’s IT sector amidst challenging economic conditions.
For further insights into SG:XHV stock, check out TipRanks’ Stock Analysis page.
