Professional
Added to YB: 2025-11-11
Pitch date: 2025-11-07
DTCK [bearish]
Davis Commodities Limited
+70%
current return
Author Info
Fugazi Research exposes inflated valuations built on illusion — not substance. We dissect the narratives, trace the incentives, and reveal who’s really cashing in. In a market full of noise, we show what’s real behind the fugazi. Sign up for the newsletter.
Company Info
Davis Commodities Limited, an investment holding company, operates as an agricultural commodity trading company in Africa, China, Indonesia, Vietnam, the Philippines, Thailand, Singapore, and internationally.
Market Cap
$34.5M
Pitch Price
$1.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
-9.78
P/E
-9.79
EV/Sales
0.26
Sector
Consumer Staples Distribution and Retail
Category
N/A
Davis Commodities $DTCK: When the Sweet Trade Turns Rotten
DTCK short: Singapore commodity trader masquerading as growth story. Revenue/margins collapsed, negative cash flow, <$1M cash. Family controls 70-75%, loans to affiliates then 'acquires' same entities. Swapped auditors after control weaknesses disclosed. Pivoted from sugar/rice to '$1B ESG tokenized corridor' & FMCG with zero contracts/assets. Filed $30M shelf registration after announcements - classic press-to-raise scheme extracting capital via narratives, not trade fundamentals.
Read full article (5 min)