Business Daily Media

The Times


.

A.M Aesthetics: One of The Largest SGX-Listed Aesthetic Company Generated Revenue of S$6.6 million in HY2023, a 24.5% Increase Compared to HY2022

SINGAPORE - Media OutReach - 23 February 2023 - A.M Aesthetics is a one-stop aesthetic clinic and one of the largest SGX listed aesthetic clinic (subsidiaries of Accrelist Ltd) that provides a broad range of facial treatments and aesthetic medicine for Asian skin conditions.
In the six months financial period ended 30 September 2022 ("HY2023"), the revenue increased by 24.5%, or S$1.3 million, from $5.3 million when compared to corresponding period ("HY2022"). The increase was largely due to the expansion of the current medical aesthetic outlets to larger units with enhanced marketing and previously launched two aesthetic clinic outlets in Singapore. Gross profit margins have also improved by 26.4%, from 50.8% to 77.2% in HY2022 and HY2023, respectively.

A.M Aesthetics latest outlet at Clarke Quay Central
A.M Aesthetics latest outlet at Clarke Quay Central

Since its inception, A.M. Aesthetics has been on a quest to empower individuals to take charge of how they feel and look, and is dedicated to delivering beauty treatments that promote confidence. A.M. Aesthetics treats a wide range of skin issues under one roof, from acne to dull skin, pigmentation to skin sagging. Whatever your aesthetic goals are, they provide specialised and personalised treatments for you.

Dr. Terence Tea, founder of A.M Aesthetics and Executive Chairman and Managing Director of Accrelist Ltd.

When asked about recent developments, Dr. Terence Tea, founder of A.M Aesthetics, said, "I believe that along with doctors' individual skills and expertise in aesthetics, our advanced technology at A.M Aesthetics is efficient in giving our patients a boost in skin youthfulness and a perk in confidence. It gives them a better outlook on life and makes them look forward to waking up feeling younger every morning." Dr. Terence Tea has been awarded Pingat Bakti Masyarakat by the PMO and Top Leading Entrepreneur 2022/2023 by Vision Media Group.

Thanks to Dr. Terence Tea's hard work and determination, A.M Aesthetics has expanded to two more outlets in Orchard Central and Clarke Quay Central since September 2022, with an upcoming outlet in Northpoint City and VivoCity, where a brand new 2.0 lifestyle and aesthetic concept is being introduced in these outlets.

In addition to its nine Singapore locations and one Malaysia location, the company through a collaboration with a renowned doctor, providing training and recommending the most cutting-edge aesthetic equipment and skincare products.

Currently, work is underway for new outlets at AM Thailand BKK, AM Malaysia Bangsar, and more. Also, A.M Aesthetics won the "Best Rejuvenating Aesthetic Treatment" award under L'Officiel Singapore's Spa Awards 2022 for the A.M Aesthetics' Sylfirm X Ultimate Edition and Daily Vanity Beauty Treatment Awards 2022 (Reader's Choice) for their Rejuran Treatment and Q-Switch Treatment.

Hashtag: #amaesthetics #amaestheticssg



The issuer is solely responsible for the content of this announcement.

About Accrelist Ltd. (亚联盛控股公司)

Listed on the Catalist board of the SGX-ST, Accrelist Ltd. (the "Company" or "Accrelist" together with its subsidiaries, the "Group") seeks to create long-term value for our shareholders and business partners by unlocking and adding value to the companies we invest in. The Group continues to actively pursue new opportunities with a growing focus on medical aesthetics.

The Group's wholly owned subsidiary corporations include the Accrelist Medical Aesthetics group of companies, branded as A.M Aesthetics, and A.M Skincare Pte. Ltd. ("A.M Skincare").

A.M Aesthetics operates a chain of registered medical aesthetics clinics in Singapore and Malaysia which use state-of-the-art equipment and clinically proven solutions to deliver a wide range of highly reliable and effective treatments. A.M Skincare is principally involved in the retail sale of pharmaceutical and medical goods. It develops and distributes its own original design manufacturer clinical skincare products ("ODM") with support from South Korean dermatologists alongside other non-ODM products.

In addition, Accrelist holds a 53.31% controlling stake in Jubilee Industries Holdings Ltd. ("Jubilee"), a one-stop service provider with two main business segments:

  • Mechanical Business Unit ("MBU") which is engaged primarily in precision plastic injection moulding and mould design and fabrication services; and
  • Electronics Business Unit ("EBU") which distributes integrated electronic components.

Headquartered in Singapore, Jubilee's production facilities span across Malaysia and Indonesia. Jubilee's products are sold to customers in Singapore, Malaysia, Indonesia, Vietnam, India, the People's Republic of China, the United States and various European countries.

For more information, please visit

About A.M Aesthetics
Having been the Executive Chairman and Managing Director of Accrelist Ltd., Dr. Terence Tea established "A.M. Aesthetics" in 2018. A.M Aesthetics is a team of experienced professionals dedicated to offering their clients trustworthy cosmetic dermatology and skin laser treatments. They have strategically placed outlets in different areas of Singapore and Malaysia.

News from Asia

OTIC Hearing Unveils New Audiological Milestones In Hong Kong: Launching The Award-Winning Oticon Zeal And The Pediatric Oticon Play SI Platforms

HONG KONG SAR - Media OutReach Newswire - 30 July 2026 - OTIC Hearing, the leading hearing care clinical network and sole distributor of Oticon A/S in Hong Kong, has announced the launch of two br...

New Battery-Operated Bluetooth® Controller Enables Truly Mobile, Plug-and-Play Access

HONG KONG SAR - Media OutReach Newswire - 30 July 2026 - Power limitations, tight spaces, and complex security setups have traditionally made Bluetooth® access hardware difficult to implement—espe...

Moody’s Ratings upgrades SeABank’s key credit ratings, changes outlook to Positive

HANOI, VIETNAM - Media OutReach Newswire - 30 July 2026 - Moody's Ratings has released its latest credit rating report on Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB), upgrading...

VinFast showcases expanding EV lineup and attractive customer programs at GIIAS 2026

TANGERANG, INDONESIA - Media OutReach Newswire - 30 July 2026 - VinFast is showcasing its expanding electric vehicle portfolio at the Gaikindo Indonesia International Auto Show (GIIAS) 2026, featu...

THAI SELECT Festival 2026 Draws Strong Public Interest in New York, Reinforcing Thai Cuisine as a Global Soft Power

NEW YORK, USA – Media OutReach Newswire - 30 July 2026 – The Department of International Trade Promotion (DITP), Ministry of Commerce of Thailand, successfully concluded THAI SELECT Festival 2026 ...

Temus and Thinking Machines Data Science join forces to scale enterprise AI across Southeast Asia

The acquisition of Thinking Machines (TM) combines Temus' transformation delivery infrastructure with TM's decade-long execution capability in building data platforms and deploying enterprise AI sy...

TCMA and GIZ push low-carbon technologies to drive cement sector toward Net Zero 2050

BANGKOK, THAILAND - Media OutReach Newswire - 30 July 2026 - Thai Cement Manufacturers Association (TCMA) has expanded its partnership with Germany's development agency, the Deutsche Gesellschaft ...

Noise Off, Space On: oraimo Announces Visionary Partnership with Rap Icon Draganov Alongside Flagship oraimo SpaceBuds 2 Debut

A cultural and technological alliance redefining sound, self-expression, and premium audio innovation for Morocco’s new generation.CASABLANCA, MOROCCO - Media OutReach Newswire - 30 July 2026 — Wh...

Toward the Realization of a Sustainable and Resilient ASEAN-Japan Economic Community: "DISG Task Force Joint Declaration" Officially Adopted

The 18th DISG Task Force Meeting Held in Bangkok, Thailand BANGKOK, THAILAND - Media OutReach Newswire - 30 July 2026 - The Dialogue for Innovative and Sustainable Growth (DISG), a bilateral publi...

WRISE Group Unveils WRISE AI Labs and Appoints Dr. Jeffrey Wu as Group Chief Scientist to Accelerate AI-Native Wealth Management

WRISE’s initial HKD30 million investment accelerates WRISE AI Labs while the appointment of Dr. Jeffrey Wu as Group Chief Scientist and a strategic collaboration with Panorama reinforces the Group’...

Selling a Small Business in Australia: Understanding the Capital Gains Tax Concessions

For many Australian business owners, selling a business represents the reward for years—sometimes decades—of hard work. Unlike employees who may bu...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...

The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...

Click Frenzy returns with a free EOFY sale event for retailers this month

New owners Gabby and Hezi Leibovich bring back Australia’s leading ecommerce sales event with Australia Post as Major Sponsor   Click Frenzy is ...

The 95 Per Cent Failure Rate Is Not An AI Problem

Most Australian SMEs I speak with are already having a go at AI. Some are running formal pilots, others have a team member quietly experimenting o...

New AR tech helping to solve field service skills crisis

AI-enabled augmented reality (AR) smart glasses are emerging as a new practical solution to fill a shortage of field service technicians maintaini...