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if its cheap now it might get cheaper later
huat!
francisd ( Date: 24-Sep-2013 09:36) Posted:
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Xyec Hldgs going for IPO price for those who missed out now can buy....
Cheers.
Just like ps.....bb
Any one jeep in here. Quite a fall today.
Cheers.
CLSA has a special report on cloud computing transforming the technology landscape, economic models and strategies. Cloud computing changes IT from a bespoke to utility model. Commoditization of IT will accelerate demand and innovation. Adoption has passed the inflection and signs point to the hybrid public/private cloud as the preferred approach. As a wave of new social, mobile and analytic applications emerges, custom software development becomes a key competitive weapon. As cloud computing disrupts the entrenched IT leaders, new innovations power emerging economic benefits. Open-source and services models exacerbate competitive pressures for infrastructure software and hardware vendors. Cloud computing alters the economic calculus of information technology via transition from products to services, from capex to opex. The transition to public or private clouds is gaining pace as companies in Singapore realize the potential for transforming business capabilities and driving new innovative services. Cloud computing in Singapore is expected to grow 43% from 2012-2017, exceeding the forecast of 29% in the region. Among the SGX-listed plays, Declout and recent-IPO Xyec Holdings provide cloud computing services.
...Xyec, pronounced ?Zeek?, stand for X Y exciting company...
...last: $0.330...
New IPO Xyec Holdings to debut tomorrow on catalist at $0.26 in a $6.5m fully placed stock sale. Xyec is an integrated engineering and IT services provider for major manufacturing industries in Japan such as automobile and aerospace industries. Post-placement, Xyec will have an enlarged share capital of 110m shares and market cap of $28.6m. Group recorded FY13 net profit of $5.1m and revenue of $79.2m. With the proceeds, Xyec has earmarked $2.4m for acquisitions within South-east Asia, $1.6m towards existing business expansion and a further $1.6m set aside to develop new capabilities and new business areas. The remaining $0.8m will be used to establish new offices and expand overseas operations. Based on the listing price, Xyec will have an attractive trailing P/E multiple of 5.6x, compared to closest peer Declout's sky-high 50x trailing P/E.