Kuala Lumpur– DSC Solutions Berhad (DSC), which is en route to a listing on the ACE Market of Bursa Malaysia Securities Berhad in December 2009, is confident that there will be rising demand in Asia for its products and solutions that use the latest advances in AIDC (Automatic Identification and Data Collection) scanning and computer processes to capture information quickly and accurately in an automated manner.
Speaking to reporters after launching its prospectus today, DSC's Chairman, Dato' Dr Ibrahim Wahid noted that as a one-stop Automatic Identification and Data Capture (AIDC) solutions provider, DSC has been exporting more than 70% of its products and solutions.
"DSC is an established and stable regional software and engineering solutions company providing AIDC tracking solutions. We already have a strong presence in Malaysia and Singapore and our immediate focus is to deepen penetration in China, Indonesia and Thailand. We may also move into other foreign markets outside ASEAN e.g. Europe and US when the time is right", he said.
Mr Seah Liang Chiang, DSC's Founder and Group Managing Director noted that globally, the AIDC market has been experiencing excellent growth in the first decade of the 21st century, largely linked to increasing automation within the retail, manufacturing and automotive industries and heightened security focus worldwide.
"AIDC is revolutionizing the way we live. In Malaysia, auto identification first made its mark in the 1980's with bar codes and ID cards that are widely used in the form of loyalty cards in various retail outlets. Then came Smart Cards, which are still very much in use by our Government in the form of "MyKad" and other applications; there is also wide use of smart cards by the banking, telecommunications and transportation sectors. While new technologies like RFID and biometrics are now available, we believe that the growth of the AIDC market in Malaysia will be driven by the expanding use of bar-code technology", said Mr Seah.
He pointed out that DSC's strong point is that its products and solutions are created to be industry-specific, yet equipped with the flexibility to accommodate processes that are unique to individual companies.
"In addition, we provide innovative and cost-effective solutions that are comparable to US based products, but with a competitive price point. The fact that we have integrated DSC's proprietary software, TrekNet, into our AIDC products and solutions ensures the technology platform is scaleable for our customers", said Mr Seah.
In its initial public offering (IPO), DSC is offering 12.578 million new ordinary shares of RM0.10 each at an issue price of RM0.50 each, of which 1.0 million shares have been allocated to the general public. Another 0.5 million shares are being made available for application by eligible directors, employees and business associates of DSC, with 11.078 million shares set aside for placement to selected investors.
DSC's IPO also includes a one-for-one bonus issue after the public issue. As such, ex-bonus price for the IPO is RM0.25 each.
The IPO exercise is expected to net RM6.289 million for the company, with Research and Development being earmarked the largest portion.
For its 9 months Financial Period Ended 30 June 2009, DSC posted a net profit of RM1.792 million on the back of revenue of RM11.218 million. According to its prospectus, Singapore comprised approximately half of the Group's revenue for this period. Generally, an average of 50% of DSC's business is derived from recurring businesses from existing customers.
""I can calculate the motions of the heavenly bodies, but not the madness of the people.’” Isaac Newton
Speaking to reporters after launching its prospectus today, DSC's Chairman, Dato' Dr Ibrahim Wahid noted that as a one-stop Automatic Identification and Data Capture (AIDC) solutions provider, DSC has been exporting more than 70% of its products and solutions.
"DSC is an established and stable regional software and engineering solutions company providing AIDC tracking solutions. We already have a strong presence in Malaysia and Singapore and our immediate focus is to deepen penetration in China, Indonesia and Thailand. We may also move into other foreign markets outside ASEAN e.g. Europe and US when the time is right", he said.
Mr Seah Liang Chiang, DSC's Founder and Group Managing Director noted that globally, the AIDC market has been experiencing excellent growth in the first decade of the 21st century, largely linked to increasing automation within the retail, manufacturing and automotive industries and heightened security focus worldwide.
"AIDC is revolutionizing the way we live. In Malaysia, auto identification first made its mark in the 1980's with bar codes and ID cards that are widely used in the form of loyalty cards in various retail outlets. Then came Smart Cards, which are still very much in use by our Government in the form of "MyKad" and other applications; there is also wide use of smart cards by the banking, telecommunications and transportation sectors. While new technologies like RFID and biometrics are now available, we believe that the growth of the AIDC market in Malaysia will be driven by the expanding use of bar-code technology", said Mr Seah.
He pointed out that DSC's strong point is that its products and solutions are created to be industry-specific, yet equipped with the flexibility to accommodate processes that are unique to individual companies.
"In addition, we provide innovative and cost-effective solutions that are comparable to US based products, but with a competitive price point. The fact that we have integrated DSC's proprietary software, TrekNet, into our AIDC products and solutions ensures the technology platform is scaleable for our customers", said Mr Seah.
In its initial public offering (IPO), DSC is offering 12.578 million new ordinary shares of RM0.10 each at an issue price of RM0.50 each, of which 1.0 million shares have been allocated to the general public. Another 0.5 million shares are being made available for application by eligible directors, employees and business associates of DSC, with 11.078 million shares set aside for placement to selected investors.
DSC's IPO also includes a one-for-one bonus issue after the public issue. As such, ex-bonus price for the IPO is RM0.25 each.
The IPO exercise is expected to net RM6.289 million for the company, with Research and Development being earmarked the largest portion.
For its 9 months Financial Period Ended 30 June 2009, DSC posted a net profit of RM1.792 million on the back of revenue of RM11.218 million. According to its prospectus, Singapore comprised approximately half of the Group's revenue for this period. Generally, an average of 50% of DSC's business is derived from recurring businesses from existing customers.
""I can calculate the motions of the heavenly bodies, but not the madness of the people.’” Isaac Newton
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