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Aspac Ii Acquisition Corp   (ASCBU)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $10.8400 $0.00 0.000%
Day's High: $10.84 Week Perf: 0.00
Day's Low: $ 10.84 30 Day Perf:
Volume (M): 0 52 Wk High: $ 12.25
Volume (M$): $ 1 52 Wk Avg: $10.95
Open: $10.84 52 Wk Low: $10.57



 Market Capitalization (Millions $) 90
 Shares Outstanding (Millions) 8
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 7
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 0

Aspac Ii Acquisition Corp
Aspac II Acquisition Corp is a special purpose acquisition company (SPAC) based in the United States. The company's main objective is to acquire or merge with one or more businesses, usually within a specific industry or sector. Once the acquisition is completed, the target company becomes publicly traded through Aspac II's listing on a stock exchange.

Aspac II Acquisition Corp was formed with the purpose of raising capital through an initial public offering (IPO) to fund its future acquisitions. The company typically partners with experienced management teams or industry experts who can identify attractive investment opportunities and successfully execute the acquisition strategy.

SPACs like Aspac II have gained popularity in recent years as an alternative route for companies to go public. By merging with a SPAC, companies can bypass the traditional initial public offering process, which can be time-consuming and costly.

The ultimate goal of Aspac II Acquisition Corp is to create value for its shareholders by identifying and completing strategic acquisitions that have the potential for growth and profitability. It focuses on industries such as technology, healthcare, consumer goods, and other sectors with significant growth potential.


   Company Address: 289 Beach Road Singapore 199552
   Company Phone Number: 6818 5796   Stock Exchange / Ticker: NASDAQ ASCBU
   


   

Stock Performances by Major Competitors

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Aspac Ii Acquisition Corp

Company Experiences Growing Expenses in Recent Fiscal Period

Aspac II Acquisition Corp is a company operating in the Blank Checks sector. During the earnings season from July to September 30, 2023, the company disclosed an operating deficit of $-0.291401 million for the fiscal time-frame ending September 30, 2023. This represents a decrease from the operating deficit of $-0.122172 million reported in the third quarter of 2022.
However, investors are eagerly awaiting the announcement of the company's top-line figures. Despite this, Aspac II Acquisition Corp managed to present a net earnings of $0.997 million in the most recent fiscal period, surpassing the results of the third quarter of 2022. This suggests that the company is on track with its business strategy.
Looking forward, Aspac II Acquisition Corp is expected to report its next financial earnings on March 12, 2024. This will provide further insight into the company's financial performance and growth prospects.

Aspac Ii Acquisition Corp

Aspac II Acquisition Corp's Performance Dips in Q2 2023, But Surpasses Previous Year's Losses

Aspac II Acquisition Corp (ASCBU) is a smaller corporation operating in the Blank Checks industry. While most companies in this sector do not publish their earnings, ASCBU stands out by releasing its financial results. In the second quarter of 2023, ASCBU reported an operating loss of $-0.22471 million. Although the company has not disclosed its revenue yet, it is important to compare its current performance with the previous year.
Looking back at the second quarter of 2022, ASCBU reported an operating loss of $-0.160759 million. This provides a frame of reference for the company's current conduct. Interestingly, despite being in the process of establishing a business strategy, ASCBU not only posted a net earnings of $2.272 million during the second quarter of 2023 earnings season but also outperformed the second quarter of 2022.

Aspac Ii Acquisition Corp

Aspac II Acquisition Corp Shines in First Quarter of 2023 with Record-Breaking Return on Assets

Aspac Ii Acquisition Corp is a Blank Checks company that was established with the sole purpose of acquiring another corporation. Since its inception, Aspac II has been actively seeking opportunities to make acquisitions in various industries, including technology, healthcare, and consumer goods.
In the first quarter of 2023, Aspac Ii Acquisition Corp yielded a return on asset (ROA) of 2.15%, which is a new company high. This improvement in ROA is attributed to the growth in net income compared to the previous quarter's ROA of 1.58%. However, despite this positive development, Aspac Ii Acquisition Corp ranks lower than 213 other companies in the financial sector in terms of return on assets.






 




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