Singapore Computer Systems

Singapore Computer Systems

Postby ishak » Thu Jul 31, 2008 8:44 am

RESPONSE TO SGX-ST QUERY REGARDING TRADING ACTIVITY
31 July 2008

The Board of Directors (the “Board”) of Singapore Computer Systems Limited (the “Company”) refers to the queries dated 30 July 2008 regarding trading activity raised by the Singapore Exchange Securities Trading Limited (the “SGX-ST”) and to the Company’s earlier announcement (the “Announcement”) relating to Green Dot Capital Pte Ltd (“GDC”) evaluating its options with regards to GDC’s stake in the Company.
The Board would like to respond to the queries raised by the SGX-ST as follows :-

Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading? - If yes, the information must be announced immediately.

Company’s Response : Save as disclosed in the Announcement, the Board is not aware of any information not previously announced concerning the Company, our subsidiaries or associated companies which, if known, might explain the trading.

Question 2: Are you aware of any other possible explanation for the trading?

Company’s Response : Save as disclosed in the Announcement, the Board is not aware of any other possible explanation for the trading.

Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703? Please respond immediately via SGXNET. Where appropriate, you may want to request a trading halt or a suspension of trading. Please contact Market Control (or, if you need to discuss the matter, your Account Manager in Issuer Regulation) immediately. Thank you for your cooperation.

Company’s Response : The Company confirms its compliance with the listing rules, including listing rule 703.
By order of the Board
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Singapore Computer Systems - Media Release

Postby ishak » Thu Aug 07, 2008 12:21 am

SCS Reports 86% Profit Growth and Record-High Order Book
• Net Profit grew 86% to S$4.3M from 2Q FY2007
• Record-high order book of S$720.1M at the close of 2Q FY2008


Singapore, 7 August 2008 - Mainboard-listed Singapore Computer Systems Limited (SCS), a leading information and communications services provider in Asia, has reported a strong year-on-year net profit growth of 86% to S$4.3 million on revenue of S$96.5 million, and a record-high order book of S$720.1 million in the second quarter ended 30 June 2008. Gross profit margin was 18.7%, up from 15.1% in the same quarter in 2007.

For the first half of 2008 (1H FY2008), the Group achieved a net profit of S$8.2 million, a 68.8% improvement over the same half-year period in 2007. 1H FY2008 revenue was S$197.7 million compared to S$199.1 million the previous year.

“SCS delivered strong profits this quarter due to better project management although revenues were lower largely because of project recognition timing,” said Mr Tan Tong Hai, SCS’ President & CEO. “With our customer-centric focus, we were also able to grow our order book.”

Financial Review
In 2Q FY2008, the Group registered a revenue of S$96.6 million compared to S$103.5 million in 2Q FY2007. Gross margin increased to 18.7% from 15.1% in the same period, mainly due to improved project management in the Business Solutions segment. Correspondingly, the quarter's net profit increased 86% to S$4.3 million from S$2.3 million for the same period a year ago.

For 1H FY2008, the Group achieved a net profit of S$8.2 million on a revenue of S$197.7 million, compared to net profit of S$4.8 million and revenue of S$199.1 million for the same period last year.

Singapore continued to be the main revenue and profit contributor of the Group.

The Group's balance sheet and cash position remain healthy. As at 30 June 2008, its cash and cash equivalents amounted to S$61.4 million.

Outlook
The Monetary Authority of Singapore (MAS) forecasts the economic growth of SCS’ home market Singapore easing in the next few quarters in view of slowing external demand, but maintains the full-year growth outlook at 4-6%. The MAS has also revised its Consumer Price Index (CPI) inflation forecast for 2008 to 6-7%, compared to the earlier estimate of 5-6%, but expects CPI inflation to come down over the rest of the year.

Estimates of tender value for Singapore Government information technology projects in 2008 made by IDA in May 2008 remains at about S$1 billion. SCS plans to address some of these new opportunities.

As announced on 25 June 2008, the completion of the sale of PT SCS Astragraphia Tbk (SAT) is expected to be in September 2008 subject to fulfilment of conditions by SCS’ joint venture partner. This transaction will impact the Group’s revenue post-completion. Last year, SAT contributed S$60.3 million of revenue for the full year, of which S$19.8 million was registered in the fourth quarter.

Barring any unforeseen circumstances, the Group expects the second half to remain profitable.
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Re: Singapore Computer Systems

Postby iam802 » Fri Aug 22, 2008 9:34 am

halted.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Singapore Computer Systems

Postby iam802 » Fri Aug 22, 2008 8:21 pm

Here's a beautiful breakout chart for SCS.

Take note of the following dates:
1. check the higher price, and above average volume

2. very little selling along the way

3. continue to break new high with above average volume

Image

Caveat: Nothing has been announced for the halt. But, market can't be that haywire to keep on buying higher if it is not good, right?
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Singapore Computer Systems

Postby kennynah » Fri Aug 22, 2008 9:37 pm

i remember i had this discussion with mm and when i asked why a certain earlier "breakout" point was not a correct entry point, i was told it was bcos at that time, mkt was in correction.


this sounds like a canslim approach ...if so, are we not in an overall mkt correction now? and therefore, whatever breakouts during this period, should not be a correct entry point? in fact, canslim methodology will have stated that NO Long should be opened when mkt is in a correction?

i always get very confused by canslim method..sometimes, can, sometimes, cannot... hence can-slim (slim chance of can)...wahahahahahahaa...joke lah... :lol:
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Singapore Computer Systems - Press Release

Postby ishak » Mon Aug 25, 2008 9:19 am

SingTel’s subsidiary acquires stake in Singapore Computer Systems from Green Dot
NCS’s wholly-owned subsidiary to make mandatory general offer


Singapore, 25 Aug 2008 -- Singapore Telecommunications Limited (SingTel) today announced that NCS Pte. Ltd. (NCS) has through its wholly-owned subsidiary, Computer Systems Holdings Pte. Ltd. (CSH), acquired approximately a 60 per cent stake in Singapore Computer Systems Limited (SCS).

CSH acquired 93,144,501 shares from Green Dot Capital Pte Ltd for S$1.50 per share in SCS for a total consideration of approximately S$140 million in cash.

Following the acquisition, CSH will make a mandatory general offer for the remaining shares of SCS for S$1.50 a share in cash. CSH, is a wholly-owned subsidiary of NCS, which is in turn, 100 per cent-owned by SingTel.

Mr Allen Lew, SingTel Singapore Chief Executive Officer, said “This move is part of SingTel’s strategy to be a significant solution provider to business customers in the Asia Pacific region. The combined IT capabilities and capacity of SCS and NCS will extend SingTel’s ability to deepen its relationships with its customers in Singapore and overseas.”

Mr Lim Eng, NCS Chief Executive Officer, said “This accelerates the overseas expansion plans of NCS by providing operational scale and an enlarged regional footprint. The IT services market is a high growth area and the potential for growth is enormous.” Both SCS and NCS are leading information and communications technology solutions service providers with operations in Asia Pacific. CSH is making the mandatory general offer with a view to exercising its rights of compulsory acquisition under Section 215(1) of the Companies Act, Chapter 50 of Singapore, in the event that it becomes entitled to do so, and delisting of SCS from the SGX-ST thereafter.
Last edited by ishak on Mon Aug 25, 2008 2:30 pm, edited 1 time in total.
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Re: Singapore Computer Systems

Postby millionairemind » Mon Aug 25, 2008 9:49 am

Again some ppe. know some thing we don't and are buying up the SCS shares like there is no tomorrow.

I wonder if SGX is going to finally do something about this kind of insider trading in Singapore???? :?
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Singapore Computer Systems

Postby kennynah » Mon Aug 25, 2008 9:53 am

iam802 wrote:Here's a beautiful breakout chart for SCS.

Take note of the following dates:
1. check the higher price, and above average volume

2. very little selling along the way

3. continue to break new high with above average volume

Image

Caveat: Nothing has been announced for the halt. But, market can't be that haywire to keep on buying higher if it is not good, right?


so 802 : u spotted a copper mine....hope u benefitted... thanks for the subtle tip....
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