Ace Global Business Acquisition Limited

NasdaqCM:ACBA Stock Report

Market Cap: US$41.3m

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Ace Global Business Acquisition Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for Ace Global Business Acquisition.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Capital Markets earnings growth12.1%
Revenue growth raten/a
Future return on equityn/a
Analyst coverage

None

Last updatedn/a

Recent future growth updates

No updates

Recent updates

Seeking Alpha • Sep 29

Ace Global Business Acquisition announces additional contribution to trust

Ace Global Business Acquisition (NASDAQ:ACBA) has announced that Ace Global Investment has deposited into the Co.'s trust account an aggregate of $0.46M, in order to extend the period of time the Co. has to complete a business combination for an additional 3 months. The Co. issued a promissory note to the Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Co.'s units at a price of $10/unit at the closing of a business combination by the Co. The purpose of the extension is to provide time for the Co. to complete a business combination.
Seeking Alpha • Jul 12

Ace Global Business Acquisition, DDC Enterprise to terminate share agreement

DDC Enterprise, that owns and operates the brand DayDayCook, and Ace Global Business Acquisition (NASDAQ:ACBA) have mutually agreed to terminate their previously announced Share Exchange Agreement, effective immediately. Both parties decided to mutually terminate the Share Exchange Agreement as a result of unfavorable market conditions. "As we move into Q2 2022, we will continue striving towards our goal of being the world leader in content-driven lifestyle brands for young food lovers located in Asian markets," said Norma Chu, Founder and CEO of DDC.

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ace Global Business Acquisition has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

NasdaqCM:ACBA - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2023N/A0-1-1N/A
9/30/2023N/A0-1-1N/A
6/30/2023N/A1-1-1N/A
3/31/2023N/A1-1-1N/A
12/31/2022N/A1-1-1N/A
9/30/2022N/A1-1-1N/A
6/30/2022N/A-1-1-1N/A
3/31/2022N/A-1-1-1N/A
12/31/2021N/A-1-1-1N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ACBA's forecast earnings growth is above the savings rate (2.4%).

Earnings vs Market: Insufficient data to determine if ACBA's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if ACBA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if ACBA's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if ACBA's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ACBA's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/05/26 15:40
End of Day Share Price 2024/05/24 00:00
Earnings2023/12/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ace Global Business Acquisition Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.