SINGAPORE, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, announced its financial results for the six months ended June 30, 2024. Ms. Li Peng Leck, Executive Chairperson and Executive Director of Davis Commodities, commented, "Our performance is shaped by fluctuations in commodity prices and shipping costs. We view certain unfavorable circumstances as transient. Through our well-established logistics supply chain, our goal is to alleviate the effects of these fluctuations. Moreover, we are committed to broadening ou
SINGAPORE, May 15, 2024 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, today announced its financial results for the fiscal year ended December 31, 2023. Ms. Li Peng Leck, Executive Chairwoman and Executive Director of Davis Commodities, commented, "I'm glad to present our financial results for fiscal year 2023. During this period, our business has maintained profitability across all products, being sugar, rice, and oil and fat products. Particularly noteworthy is the exceptional growth in revenue from the sale of oil and fat pro
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SINGAPORE, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK), a global leader in commodities and logistics, and Kohai, an innovative gaming and eSports organization, today announced the signing of a Memorandum of Understanding (MOU) to jointly invest in Kinetic AI, a company that develops enterprise solutions using artificial intelligence (AI). Empowering Businesses with Innovative AI Solutions The global AI market is forecasted to surpass $1 trillion by 2030, showcasing the immense growth potential within the artificial intelligence sector. At the forefront of this transformative industry is Kinetic AI, a pioneering company specializing in crafting cutting-edge a
SINGAPORE, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Singapore-based Davis Commodities Limited (NASDAQ:DTCK), a leading global agricultural commodity trading company, today announced a strategic partnership with QBE.AI Limited, a cutting-edge artificial intelligence (AI) development company. This collaboration will leverage QBE.AI's advanced AI algorithms to enhance Davis Commodities' trading strategies and market analysis capabilities, leading to more precise and profitable trading decisions. The Power of AI in Commodity Markets The commodities market is characterized by its complexity, volatility, and vast amounts of data. Traditional methods of market analysis often struggle to ke
SINGAPORE, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Singapore-based Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), has recently finalized a significant financial agreement, entering into a S$10,000,000 banking facility to fortify its operational capacities and propel strategic expansion efforts. This substantial facility stands as a part of foundation in supporting the Company's strategic expansion endeavors. With a well-structured financial framework in place, Davis Commodities is poised to leverage these allocated funds effectively, driving growth, and enhancing operational efficiency in the competitive landscape of commodity trading and financing. To achieve g
SINGAPORE, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Strengthening its portfolio with a high-value wellness and luxury commodity, Davis Commodities takes another strategic step toward market diversification. Davis Commodities Limited (NASDAQ:DTCK), a Singapore-based global leader in agricultural commodity trading, proudly announces the signing of a Memorandum of Understanding (MOU) with Dadvance Agarwood Solutions Sdn. Bhd., Malaysia's foremost agarwood biotech company. This partnership positions Davis Commodities as the exclusive distribution partner for Dadvance's premium-grade agarwood oil, with the agreement valued at USD 15 million. This strategic move aligns with Davis Commodities'
SINGAPORE, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, announced its financial results for the six months ended June 30, 2024. Ms. Li Peng Leck, Executive Chairperson and Executive Director of Davis Commodities, commented, "Our performance is shaped by fluctuations in commodity prices and shipping costs. We view certain unfavorable circumstances as transient. Through our well-established logistics supply chain, our goal is to alleviate the effects of these fluctuations. Moreover, we are committed to broadening ou
SINGAPORE, May 15, 2024 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, today announced its financial results for the fiscal year ended December 31, 2023. Ms. Li Peng Leck, Executive Chairwoman and Executive Director of Davis Commodities, commented, "I'm glad to present our financial results for fiscal year 2023. During this period, our business has maintained profitability across all products, being sugar, rice, and oil and fat products. Particularly noteworthy is the exceptional growth in revenue from the sale of oil and fat pro
SINGAPORE, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, today released the following letter to shareholders from Ms. Li Peng Leck, Executive Chairwoman and Executive Director of the Company. Dear Shareholders, Celebrating our 25th anniversary in 2024, Davis Commodities Limited has grown and prospered since its inception in 1999. This past year has marked a milestone in our global expansion, highlighted by our successful Nasdaq listing, a culmination of our dedicated efforts and remarkable achievements. Throughout
SINGAPORE, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, today announced its unaudited interim financial results for the six months ended June 30, 2023. Ms. Li Peng Leck, Executive Chairwoman and Executive Director of Davis Commodities, commented, "We are thrilled to share our financial results for the first half of fiscal year 2023, which recorded a notable increase of net income by 66.6%. Our total revenue remained stable overall in the face of uncertainties in overall economic conditions and fluctuations in comm
New York, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Univest Securities, LLC ("Univest"), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of an initial public offering (the "Offering") of 1,087,500 ordinary shares and exercised 163,125 over-allotment options for a total offering of 1,250,625 at a public offering price of US$4.00 per ordinary share for its client Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products. The ordinary shares began trading on the Nasdaq Capital
SINGAPORE, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Davis Commodities Limited (NASDAQ:DTCK) (the "Company" or "Davis Commodities"), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, today announced the closing of its initial public offering (the "Offering") of 1,250,625 ordinary shares at a public offering price of US$4.00 per ordinary share, including 163,125 ordinary shares issued pursuant to the full exercise of the underwriters' over-allotment option. The ordinary shares began trading on the Nasdaq Capital Market on September 19, 2023 under the ticker symbol "DTCK." The Company received aggregate gross proceeds of approximately US$5