Serial Achieva Limited listed on SGX Catalist on 27 June 2024 via a reverse takeover (RTO) transaction. A local in-country reseller and distributor of consumer and enterprise IT components and computer peripherals operating in Malaysia and Thailand, Serial Achieva serves a multitude of business partners with a portfolio comprising a broad range of products from top international brands such as AMD, Intel, MSI, ViewSonic, and Gigabyte.
#1 Why Serial Achieva Opted To List Through An RTO Instead Of IPO?
A Reverse Takeover (RTO) is one of the two main ways for a business to be listed on the Singapore Exchange (SGX). An opportunity to do so arose with Axington Inc.
The company was eager to utilise the S$2.5 million proceeds from the RTO, raised via placement of 12.5 million new shares at S$0.20 apiece, to expand its business through acquisitions, investments, joint ventures, or strategic alliances.
Read Also: Reverse Takeover: What It Is And What Investors Need To Know
#2 What Are Serial Achieva’s Main Business Segments?
Serial Achieva is a local in-country reseller and distributor of consumer and enterprise IT components and computer peripherals, operating in Malaysia and Thailand.
The company serves a multitude of business partners with a portfolio comprising a broad range of IT products, ranging from desktop CPUs, motherboards to VGA cards, and SSDs, from top international brands such as AMD, Intel, MSI, ViewSonic, and Gigabyte.
#3 How Does Serial Achieva Plan To Grow Its Business?
The markets that Serial Achieva operates in and are planning to expand into are resilient and still exhibiting growth.
While Serial Achieva operational footprint is currently within Malaysia and Thailand, the company is pursuing strategic initiatives including the likes of mergers, acquisitions, and alliances to bolster its presence in the ASEAN markets, focusing on Indonesia, Vietnam, and the Philippines through joint ventures.
Additionally, Serial Achieva is looking to strengthen the breadth of its product portfolio to expand into high-demand sectors with new offerings in Gaming and Cloud Storage solutions.
The global Computer Peripherals market is expected to reach US$1,216.9 billion in 2032, expanding at a CAGR of 10.6% from 2022 to 2032. Asia-Pacific region is anticipated to be the fastest-growing market.
The E-Sports market is projected to grow from US$1.44 billion in 2022 to US$5.48 billion by 2029, mainly due to increased live game streaming, significant financial investments, rising viewership, engagement and development of league tournament infrastructure. As the Asia-Pacific region holds the largest market share of the gaming accessories market, this presents significant growth opportunities.
The global Cloud Computing market was valued at US$483.98 billion in 2022 and is projected to grow at a CAGR of 14.1% from 2023 to 2030. An increased demand for data ecosystems is expected to drive digital storage volumes, leading to more storage devices for both business and personal use. The overall growth of the global market is expected to be driven by various factors, including the ability of cloud computing to enhance business performance in large organisations.
#4 How Serial Achieva Intends To Expand Into The Lucrative, But Competitive, AI Field
The global Artificial Intelligence-Driven Coding (AIDC) market is projected to grow by 111.8% from US$71.1 billion in 2023 to US$150.6 billion in 2030, with strong demand projected in Asia Pacific.
This provides opportunities for Serial Achieva to supply the necessary hardware components like servers, GPUs and CPUs, driven by AI & ML innovations.
The company is actively negotiating with several international brands to become their authorised distributor. It plans to expand its product portfolio by incorporating AI and automation hardware, aiming to meet the rapidly growing demand within this industry.
#5 What Sets Serial Achieva Apart From Its Competitors?
The Serial Achieva Group is recognised by leading manufacturers as an authorised distributor. Its subsidiary, Achieva Technology Sdn. Bhd., was recognised as Thermaltake Distributor of the Year in 2023. The Thailand distribution business to be transferred into its 49% owned subsidiary, Achieva Digital (Thailand) Company Limited, was recognised as AMD Distributor of the Year in 2023.
The company also offers a broad portfolio of IT products including: desktop CPUs, motherboards, VGA cards, SSDs, computer monitors, and computer servers, positioning the company to take advantage of the forecasted growth in the global Computer Peripherals market as well as the surge in the Cloud Computing market.
Serial Achieva is helmed by an experienced management team with more than 16 years of experience in the field. The company plans to expand its product portfolio to include AI and automation hardware, which highlights the versatility of its offerings, and testifies to its robust supply chain as well as deep understanding of market demands.
#6 What Are The Mid- To Long-Term Catalysts For Serial Achieva?
Serial Achieva is looking to acquire strategic companies through M&As or form strategic alliances with a focus on Indonesia, Vietnam, and the Philippines to expand its regional footprint.
The company is also working to secure partnerships with several international brands to become their authorised distributor of hardware products such as GPUs, servers, and towers to capture the AI trend.
Finally, the company is also looking to improve its warehouse efficiencies and capabilities. This may be achieved through greater automation of its warehousing process, upgrading existing equipment and machinery and / or purchasing and installing new equipment and machinery. The company will also use technology and software providers to better facilitate inventory management so as to maximise warehouse efficiency and ensure that it possesses sufficient stock to meet customer demands.
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