Azeus Systems Holdings, the Hong Kong-based provider of IT consultancy services, says it has won a five-year contract worth HK$69.97 million ($11.5 million) from the Hong Kong government to provide maintenance services for 53 application systems in a major department.
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Orders and contracts coming in again. Software queen is really doing great!!! Huat for those vested long term and receiving dividend income for all these years!
Bopanha ( Date: 30-Jan-2013 17:17) Posted:
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I feel sorry for shortists. There are not many sellers for this counter.
Price is charging upwards. Sensing some accumulation. To cheong very soon!! Wahahahah!!!
Recently announced they got HK govt contracts successively. Think there are good prospects for similar if not better payouts. Keep fingers crossed. Cheers. CE. Not calling to buy or sell, do your own research please.
How many cents will it be paying this round? If good, I don't mind try again. Last time made on dividends but lost a bit on shares, but all in was profitable. Wait for the good news. Anyone??
baberic ( Date: 22-Apr-2011 19:51) Posted:
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More orders clinched. Good to buy for yields and as more good news come in, this stock should move up to above 10 cents.
The lack of interest is the image promoters are not doing anything. Would propose their removal at the AGM.
A very good buy. Company has strong business connections and huge cash reserves. Hopefully this coming round will also give good dividends.
bsiong ( Date: 21-Feb-2011 17:54) Posted:
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Azeus Systems Holdings, the Hong Kong-based provider of IT consultancy services, today announced that it has been awarded two contracts of total one-off prices worth HK$10.6 million ($1.8 million) by the Hong Kong government.
I believe it is quite a solid company both in business as well as in cash management. It actually has been gaining from strength to strength in its core business of providing IT consultancy. The only disadvantage to players is that it is inactively traded most of the time. Good for those who wish to depend on steady capital growth and higher dividend yields over time.
ivanignatius ( Date: 09-Feb-2011 11:06) Posted:
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This is a very interesting stock. Do any of you know it well?
It seems like the year to March 2011 will be a disaster, with the H1 statement from management saying a loss is possible. Therefore unlikely to get the same big dividend, maybe no dividend at all?
But the recent HK$70mn Govt contract over five years should underpin their IT consultancy business. If they can return to previous levels of profit, the stock is on a PE of about 3x, with lots of cash on the balance sheet. I'd love to get your insights into whether this is really a good business with intellectual property or not?
Still very low priced. Prospective earnings ratio is on the rock, I think. Will watch properly.
bsiong ( Date: 02-Feb-2011 15:02) Posted:
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| Azeus secures $11.5m contract from Hong Kong government |
| WRITTEN BY THE EDGE |
| TUESDAY, 01 FEBRUARY 2011 23:33 |
Azeus Systems Holdings, the Hong Kong-based provider of IT consultancy services, says it has won a five-year contract worth HK$69.97 million ($11.5 million) from the Hong Kong government to provide maintenance services for 53 application systems in a major department. |
/edge/
Haha, Singapore where got investors? Stock players lah..
baberic ( Date: 23-Jul-2010 09:26) Posted:
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Steady and progressive. More than 6 years of profit tracks. Good and attractive dividends. What more can an investor ask? Coming..to cheong!
Think market got not much money to buy stocks, or save with the banks. Who don't want to make money when there is dividend and mostly higher than the bank pays? My conclusion is people don't have much spare money. Either lost too much, spent too much, gamble too much, borrowed too much. So they don't care about making money from dividends or bank interests. They want to find a quick way.. that is gamble to lose! Haha as MM said, don't know why people want to lose money in Casinos. He forgot to mention the stock market can also suckyour money, you know?. 
abc2xyz ( Date: 08-Dec-2009 08:33) Posted:
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I understand this forthcoming dividend is quite good, and yields 11+ percent. Still waiting for further announcement. Last year asked my granny to buy 100 lots ard S$5000.00. She can now enjoy the div of $600 soon. Good for her to pay for her dentures. Hahaha.
hotokee ( Date: 15-Mar-2010 11:42) Posted:
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Any idea how this year's dividend going to be like? IT globally doing quite ok. Expect it to give better yields, if not I am going to sell off.
This counter should be upgraded already. IT counters are doing quite well worldwide. Estaimate it to be around 10 cents. I will check its PE, ROE and yields before coming back later.
Just be patient, I believe it should spike soon. Not advisable to sell. Company is improving.
abc2xyz ( Date: 08-Dec-2009 09:40) Posted:
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Since no Bobby likes to buy this counter, shall I sell to the buyers?
AZEUS Financial Review Extracted from SGX Website
As a result of an across-the-board improvement in revenue from the Group’s three
core business segments – IT Services, Maintenance and Support Services, and
Business Process Outsourcing (“BPO”) – Group revenue increased 16% to HK$41.1
million in 1HFY2010 from HK$35.5 million in the previous corresponding period
(“1HFY2009”).
Revenue from the Group’s major revenue contributor, IT services was up 28% in
1HFY2010 to HK$24.3 million from HK$19.0 million in 1HFY2009. The better
performance was due to a higher percentage of completion of two major contracts
secured in previous years. IT services accounted for 59% of total revenue during the
period under review.
The Group’s Maintenance and Support services segment climbed by 2% to HK$11.8
million in 1HFY2010 compared to HK$11.6 million in 1HFY2009 as a result of an
increase in the value of contracts upon yearly renewal. This segment represented
29% of Group revenue.
The Group’s BPO segment also registered growth during the half year under review,
with a 4% increase in revenue to HK$5.0 million from HK$4.8 million in 1HFY2009
due to the number of headcount that was outsourced during the year. The BPO
segment contributed to the remaining 12% of total revenue for the period.
Cost of sales for the half year was higher by HK$3.8 million or 19% to HK$24.0
million from HK$20.2 million in 1HFY2009.
Excluding third party hardware and software sales, which commanded lower profit
margin as compared to other IT services, and repair and maintenance cost, which
was reclassified as cost of sales from administrative expense, gross profit margin
increased by three percentage points to 46% in 1HFY2010.
Net margin was up 8.3 percentage points to 12.9% in 1HFY2010 from 4.6% in
1HFY2009 with the increase in bottomline.
Administrative and other operating expenses declined 21% or HK$2.0 million during
the period under review mainly due to the reclassification of repair and maintenance
cost of HK$1.7 million to cost of sales and lower legal and professional fee.
The Group maintained a strong cash position of HK$58.8 million as at September 30,
2009.
Outlook
Added Mr Lee (Azeus CEO): “As a prudent response to the financial turmoil and resulting
recession, we have cautiously reviewed our business strategy, focus and operations
and have undertaken measures to control the Group’s cost structure while also
maintaining the efficiency of our business operations.”
In light of the downturn, the Group is optimistic that its continued investment in the
training and development of the skills of its employees across various technologies
and domains will equip it with a competitive edge when the economy recovers.
In addition, with its proven technology, the Group will be looking for strategic
partnerships with companies searching for proven solutions to be incorporated into
new products and services, and will also be exploring opportunities to generate new
revenue streams with its library of intellectual assets developed over the years.
As the Group continues to monitor its performance closely, it remains focused on
sustaining its market share in the Hong Kong public sector and expects contracts
from the Hong Kong Government to continue to be the Group’s main growth driver.
“We are confident that our greater operational efficiency, reinforced staff strength,
established track record as well as CMMI-SW Level 5 accreditation will put us in
good stead going forward,” Mr Lee concluded.