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(Post 1 of 270) 07/08/2002.10:57:20 |
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NTI International: The right solutions for a SGX listing
SINGAPORE, 1st July 2002 – NTI International Limited, an integrated IT system solution and service provider with strong capability in designing, building and deploying customised client solutions, announced today that it has received in-principle approval from the Singapore Exchange Securities Trading Limited (SGX-ST) for the listing on SGX Main Board. SBI E2-Capital Pte Ltd is the Manager for the initial public offering of shares. NTI started in 1983 in Malaysia selling computer accessories and office automation equipment. In 1998, in response to rapid IT growth in Malaysia, NTI re-focussed it efforts on providing IT systems integration services. In just 5 years since making this decisive move, NTI has grown into a leading provider of system integration services in Malaysia with a strong ‘blue chip’ clientele base from both the private and public sector. In 1999, venture capitalists Crimson, through 2 of their funds: Crimson Investments, Ltd. and Crimson Asia Capital Ltd., L.P., invested in the Malaysian subsidiary of NTI, New Technology and Innovation Sdn Bhd, providing the necessary capital for an expansion of the business. Mr Eugene Wong, Executive Director of Crimson Asia Capital Ltd, commented, “We were actively looking to tap into the expansion of the IT sector in Malaysia and were impressed with the depth of management experience of NTI. They had demonstrated themselves to be an established company with the strong capability to handle sophisticated projects.” Mr Apandi Dollah, Managing Director of NTI, commented, “We have successfully implemented many complex IT solutions for discerning customers like Petronas, Proton and Universiti Malaya Medical Centre. Our ability to effectively implement comprehensive and customised solutions for our customers demonstrates our strong technical competency.“ Core Business NTI has four core business activities:- 1) System integration and network management As a system integrator, NTI offers a total suite of solutions and services to their customers, including the management, design, implementation and integration of components of information systems solutions as well as multiple applications, hardware and software. NTI is involved in project management, management of suppliers for different IT components, management of users’ requirements, implementation, quality assurance testing and project commissioning. 2) Software development NTI currently owns two proprietary software solutions:- i) InfoCare - a healthcare information system developed for the healthcare and medical industry, providing a platform to support information management of a hospital, including the administration of patients’ records and transactions in hospitals. NTI is collaborating with Universiti Malaya Medical Centre to further enhance the software for new applications ii) ProBank - a banking software developed with application modules to address 3 core areas of the banking business, namely retail banking, loan management and treasury management. It is developed for application in retail banking, loan management and treasury management. Some of their customers include Malaysia Discount Berhad and Bank Simpanan Nasional Bhd in Malaysia and Orient Bank in the Philippines. 3) Engineering related IT solutions and services NTI provides engineering related IT solutions and services to the automotive and aerospace industries. Its subsidiary, DLab, is also an authorised reseller of CATIA Solutions, a mechanical engineering design application for the automotive and aerospace industries. The Proton group, SME Aerospace, the Perodua group and Universtiti Teknologi Petronas are some of the users of CATIA Solutions. 4) Enterprise Management (including helpdesk and maintenance services) NTI is able to leverage their comprehensive knowledge of technology, equipment, infrastructure and trained human resources to provide cost effective enterprise management services to help their customers support and manage their entire end-to-end IT facilities and infrastructure. Software Distribution, Technology Partners and Customers NTI also distributes or resells several application software in Malaysia. These are mainly in the areas of Enterprise Management, Document Management, Wireless Telecommunication and Land Survey and Map Management. NTI has established strong and reliable partnerships with technology vendors including IBM, Hewlett Packard, Silicon Graphics, Compaq, Dell and Acer to source computer hardware products for their customers. Mr Dollah said, “We commit considerable resources to support our partners activities and hence we need to limit the number of principals we work with. Our principals are technology leaders in their respective areas of expertise with world-class solutions, state-of-the-art technology and have an active user group for their products. With a range of reliable principals, NTI is thus able to source for the most competitive priced IT hardware and materials and are not reliant on any one supplier.” Mr Dollah added, “We are passionate about our customer focus.” NTI has been able to establish an impressive customer base that boasts government ministries, government-owned organisations, multinational corporations or government-linked companies. Their major customers include the Petronas Group, the Proton Group, Universiti Malaya Medical Centre, the Perodua Group, Department of Survey and Mapping Malaysia and Malaysian International Shipping Corporation Berhad. “We have managed to grow steadily by targeting specific customers and markets where IT spending has remained resilient. Our customised services and solutions are focused primarily on 5 major sectors, namely: Oil and gas, Government, Automotive/ Transportation, Financial and Healthcare.” “Our achievements to date have established a stellar track record of our ability to fulfil complex IT needs and specific requirements for a diverse range of customers. This places NTI in a strong position to compete for new IT implementation projects initiated by our existing customers and to go after new customers”, Mr Dollah continued. The People NTI has a team of 120 IT professionals with commercial and technical skills. This is critical as NTI is in the service industry. Without a strong team of knowledgeable and experienced staff, NTI would not have been able to provide quality services to its customers nor secure or retain its customers. Mr Dollah said, “Our team of experienced professionals have successfully implemented a wide range of system integration, software application implementation and trouble shooting assignments which provided them with vital industry and technical knowledge. A challenging and rewarding work environment has also helped us to retain most of our employees. In addition, all our Executive Directors have more than 10 years of experience in the IT industry.” Subsidiary with MSC Status NTI’s Malaysian subsidiary, New Technology and Innovation Sdn Bhd (NTISB), has been awarded the MSC (Multimedia Super Corridor) status by Malaysia’s Multimedia Development Corporation, which entitles them to enjoy a set of incentives and benefits from the Government of Malaysia. NTISB is also a registered bumiputera contractor with the Ministry of Finance in Malaysia. Growth Prospects and Strategies Mr Dollah said, “NTI refocused its business during the Asian Financial crisis in 1997. Despite having to operate in a difficult environment, NTI has been able to perform well with a set of commendable results. With the recovery of the regional economy and Malaysia in particular, we hope to replicate our successful business strategies on our prospective customers and further expand our business.” Mr Dollah added, “In addition, the recovery of the Malaysian economy will also offer significant potential opportunities for the IT industry. The Malaysian government’s commitment to fast-track the transition of the country from a manufacturing-driven economy to a knowledge-based economy through its VISION 2020 plans and the MSC Charter will offer us new opportunities for growth. Increased governmental support through initiatives such as the introduction of the multi-purpose card, the rolling out of smart schools, electronic government and telemedicine programs will also provide us with new and exciting growth opportunities.” “We have lined up a series of strategic future plans to capture these growth opportunities. We are working to enhance our proprietary software, InfoCare and ProBank, with new application usage and capabilities. We also intend to participate in the business of education and training in Malaysia by providing and managing system infrastructure and educational content in and beyond the school environment. Another strategy is to expand our e-commerce transaction platform, which will improve our customers’ management in their sale and supply chain activities. We also plan to host and operate as an application service provider for mobile phone customers using short messaging system.” NTI intends to expand regionally into Brunei, the Philippines, Indonesia and Singapore. The initial focus will be to expand their hospital management services to leading medical centers in the Philippines and Brunei. |
| (Post 2 of 270) 07/12/2002.11:17:50 |
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Hi all
Anyone got details on this ipo....pe, number of shares offered, thanks |
| (Post 3 of 270) 07/12/2002.23:27:33 |
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Please let me know where to get the prospectus. I need to refer as a project for my post-grad project.
Thanks!  |
| (Post 4 of 270) 07/12/2002.23:34:10 |
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Remember CyberVillage,
heehee  ... on debut, guess it rose 5-10% then, you should know.......heeheee |
| (Post 5 of 270) 07/12/2002.23:37:01 |
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Of course, it might just be a TiniWini Datacraft....heeheee
Quite ok hor, how do u find? |
| (Post 6 of 270) 07/12/2002.23:43:50 |
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Spurs
Go get Nera Electronics Prospectus instead lah...(jus a suggestion). It may get you a few more credit for your project! Try at a bank or the Prospectus distri-centre at shentonway. |
| (Post 7 of 270) 07/13/2002.15:50:36 |
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oops, just notice from prospectus the boss of NTI is from dataprep,malaysia second board company !! mainboard system integrator.Nera Electronis is spinoff from nera holding, aleady listed on sgx and the spinoff is big portion of holding co |
| (Post 8 of 270) 07/13/2002.21:45:59 |
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y no one talks abt this counter???
not good meh? ska li hot like siao  |
| (Post 9 of 270) 07/13/2002.21:50:51 |
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No idea what they do, but sounds like a M'sian version of AspnetCentre. Am not keen as I am still stucked with so many Clob shares, already very scared when anyone mention invest M'sia shares. |
| (Post 10 of 270) 07/13/2002.22:07:45 |
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very correct to say that the MD and CFO are ex-DATAPREP people. they worked for DATAPREP, they acquired the knowledge and connection, now they want to be their own boss. they choose to list in SGX probably because there is no capital control here, which makes its easier for institutions to invest in their shares. during the 2nd board hey days, DATAPREP share shoot up like don't know what, so won't be surprised if this is a mini-dataprep. |
| (Post 11 of 270) 07/13/2002.22:12:21 |
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heard some people say 2nd board king R.... Lau is very closed to the owners of this co. don't know whether real or not. if true, should pay attention to watch. if they are closed, should have got some IPO shares already lah. like that if buy very dangerous leh, scarly they throw and we buy then die. also better don't play safer. |
| (Post 12 of 270) 07/13/2002.22:18:51 |
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I believe this IPO will be hot.
8x PE is attractive, way below the industry average of 14-15x. Major customers over the past 3 years are large M'sian GLCs and government departments. Profit margin about 10%, better than other comparables (such as Frontline's 8%). In addition, Malaysia's IT market is more promising than S'pore market. This IPO is definitely better than ASP and Frontline. |
| (Post 13 of 270) 07/13/2002.22:45:19 |
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techinvestor, u sound like u understand tech stocks very well. i think u are right. i will try my luck at the ATM. hopefully, the malaysia players support their bumi company overseas, especially here, to show that MALAYSIA BOLEH. |
| (Post 14 of 270) 07/14/2002.12:59:33 |
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hi abbygoh, i think it an ipo mkt right at this moment...and moreover it is listing on the SGX not Msia. aiyah i think any ipo is worth the effort to go to atm....like the what viz its debut was fantastic...just try your luck and hope for the best. |
| (Post 15 of 270) 07/14/2002.13:06:29 |
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abby,
pior to that i think you must buy their story of the company before investing right? like they provide IT to major sector and what i have gather is that they have developed software solutions for the banks-ProBank and hospital something called InfoCare. how much biz you think they can get..and is the return good enough for you...good luck.hope i help. |
| (Post 16 of 270) 07/14/2002.13:20:02 |
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forumers, malaysia very funny. If nti is own by chinese, I won't buy this stock. But NTI is own by Bumiputra technoprenuers, so maybe sure easy to get governemnt contracts? malaysia work different from singapore lah.somemore this one is mainboard leh |
| (Post 17 of 270) 07/14/2002.15:01:36 |
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Hi Sangkut
Can tell me more about this Bumi Co., their businesses and whether investable. I am thinking this may be a wonder stock from M"ysia with their connections and reasonable pricing. I think M"ysia boleh |
| (Post 18 of 270) 07/14/2002.15:39:51 |
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sangkut you again,
i am also interested in this counter. are they offering the same no. of shares at the atm? what is the expected price you forsee? what nos. should i apply for to get the maximum no. of lots? have tried for viz and failed to get any very sad. |
| (Post 19 of 270) 07/14/2002.15:47:09 |
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nti means new technology institute equates to new biz application and more clientel for the company. would like to get my hands on more shares if possible. wonder who should i look for? i also believe the malaysians bumi will support their own kind and give biz to their own pple like the Japanese companies.
this counter should be well received by the market. go try and get some shares thru the atm. at least if u get some you make money. |
| (Post 20 of 270) 07/14/2002.15:53:37 |
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wow, this counter sure looks like flying away. wah low eh, no shares lah, sure like to find some leh. ou boh leh? try try lah. first bumi company listed on singapore exchange leh, got to have it.
should pave the way for more joint co-operation between the govts better relationship building lah. teach them money not everything leh, water is god send so tan tum poh kow lah. next week very busy leh, punters get set go. |
| (Post 21 of 270) 07/14/2002.20:37:59 |
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hallo Noah and Xiahong, bored so check out forum. actually I like IPOs especially when market is good now. Besides now many more shares available from ATM. NTI has also same like futuristic who has 7m shares for ATM.Any comments on Nera electronics which I heard is coming out tomorrow monday?? |
| (Post 22 of 270) 07/14/2002.20:54:27 |
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Since this is a tech stock , this will see the day before Nasdaq how it perform.... |
| (Post 23 of 270) 07/15/2002.11:46:57 |
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oh noah,
i think judging from it PE of 8times i feel that compared to their peers like frontline i believe its worth investing and msia mkt really big--once their orders start flowing sure can make money. and dont forget its gonna be on the mainboard listing. quite attractively priced at 0.20. |
| (Post 24 of 270) 07/15/2002.14:33:50 |
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a little brief on this company.
provides IT system solution and services to 5 key sectors - oil & gas, govt, automotive, financial & healthcare. develop 2 proprietary software solutions called Infocare & Probank. plans to sustain growth thru regional expansion into Brunei, philippines, indonesia & spore. key competitors are SCS sdn bhd, Mesiniaga bhd, MCSB sdn bhd & sapura IT Issue price at 0.20 par value at 0.11 proceeds $3.8m market cap(post-ipo) $23.6m NTA/share(post-ipo) $0.12 eps 2.3cts per 8.8 comparables scs 9.3 fy2002f frontline 14.7 cse 17.5 taking an average of the 3 comparables would be 13.8 which translates into a price of abt 0.32 taking the eps of 2.3cts. hope this would be useful for those who are thinking of applying for the share. |
| (Post 25 of 270) 07/15/2002.20:06:05 |
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Good analysis Golfer
me thinking of its debut around 32-35 cents too |
| (Post 26 of 270) 07/15/2002.20:21:25 |
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Where can I obtain more info on this co? |
| (Post 27 of 270) 07/15/2002.20:41:58 |
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charm i should think that you can try the first few list on the forum and alternatively you can try to obtain the prospectus from the placement agent or underwriters office.
but hope i can help, from what i gather it business is in system integration & network mgt. they also do software development like Infocare dealing with healthcare and Probank software application in retail banking, IT solution and services, and things like helpdesk.....that's all i got. The prospectus will help if u can get hold of it. |
| (Post 28 of 270) 07/15/2002.20:47:12 |
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hey guys for those interested in NTI better go get some cos it still has 2 days left....dont be like me i missed out on futuristic image builder and darco ipo...so hope to get this share. aiyah i see the darco today feel like i lost something like a pot of gold. even if i try at atm, should be able to get a few...a few also good! |
| (Post 29 of 270) 07/15/2002.20:51:53 |
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well terrier dont be too sad market is always there so there are a lot of chances to make money! I believe that there are still ipo coming out and i think we should not think too much of the past but look forward to at least this one. i think i better not chat so much i going to atm now.....bye wish me luck!  |
| (Post 30 of 270) 07/15/2002.20:56:35 |
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Remember Cyber Village?
|
| (Post 31 of 270) 07/15/2002.21:00:17 |
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forgotten to tell u guys, the ipo ATM has a size of 8million so plenty should be able to get some...happy that at least now the ipo size better cos placement tough to get lah. aiyah dont talk already, me go now. wish u guys all the luck too, got money everyone earn and be happy! |
| (Post 32 of 270) 07/15/2002.21:01:56 |
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hi sleepybear,
what abt cybervillage??? can enlighten me before i go? thanks |
| (Post 33 of 270) 07/15/2002.21:04:06 |
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Cybervillage???  I tot we are discussing on NTI mana Cybervillage? |
| (Post 34 of 270) 07/15/2002.21:10:39 |
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fellows,
just a caution of wellness only. "Cyber Village is a Malaysian I.T. company that listed here. Their share price is in chaos. Despite falling from 1po of est 20cts to 9 cents, its PER is high at 35 times" This NTI dun know can do boh? Besides, our Frontline (hardiest IT firm in our region) also can stand steadily. Above are just goodwill sharing! Convince me if possible, otherwise. |
| (Post 35 of 270) 07/15/2002.21:19:34 |
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Noah n Terrier,
This Malaysia IT "NTI" ,boleh boh? yeah, me also thinking n thinking to subscript. |
| (Post 36 of 270) 07/15/2002.21:27:55 |
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sleepybear, cybervillage is it the one that was listed long time ago? looking at the comparables of likes of SCS, Frontline and CSE their average PE is 9.3 to 18 times but NTI has a PE of abt 8.8 times better than the existing ones and i think Cybervillage though a 35 times PE we cant make a sweeping statement that it is a Msia stock. not very fair leh right?
Is cybervillage doing the same things as NTI? so far all ipo has a good debut or not? now i really dont know if i should take the ATM, but my heart tells me i should try cos 8.8 times and price at 0.20cts and heard mainboard right? |
| (Post 37 of 270) 07/15/2002.21:36:27 |
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Surely Terrier,
Saw their differences, maybe its the re-occurence of CyberVillage nightmare to me again........ok all the luck in the world 2 you. Me Might just give NTI a shot..... May we prosper. |
| (Post 38 of 270) 07/15/2002.23:45:52 |
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buy lah buy lah, this stock can lah... malaysia bumi play, can lah... customers all msia blue chips, like msia blue chip play on SGX. boleh lah... |
| (Post 39 of 270) 07/16/2002.00:23:07 |
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so is NTI IPO as hot as Darco? how is the market fairing this new share. |
| (Post 40 of 270) 07/16/2002.08:11:30 |
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Hi,
There will be no Cybervillage incident happen again. Just move with the recent IPO wave. |
| (Post 41 of 270) 07/16/2002.08:20:20 |
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Tewbros,
Subscribe from my broker firm |
| (Post 42 of 270) 07/16/2002.09:08:13 |
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NTI sounds like a fairly good deal in terms of its PER. But no dividends in 2002, as stated in the prospectus. Not many people will care, I suppose, since the IPO market is so hot nowadays. |
| (Post 43 of 270) 07/16/2002.11:35:12 |
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me malaysian so will definitely support malaysian company. will go to atm to apply. would like to know whether can get some thru the market grapevine. any brokers out there can get me some shares.
market price okay. |
| (Post 44 of 270) 07/16/2002.12:29:35 |
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wow cyber village happening again in this type of market! very unlikely. never look back and anyway different markets.
keep your fingers cross ladies & gentleman for the spaceship is abt to lift off. apply now at the atm. |
| (Post 45 of 270) 07/16/2002.15:42:20 |
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I may as well buy Frontline which is grossly undervalued! |
| (Post 46 of 270) 07/16/2002.19:26:41 |
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stockguy,
why do you call yourself by that name? are you foolhardy or are you plain dumb. the ipo market is the place to be right now and you should be getting your hands on it. if you want to put your money in a counter, don't play with fire or you will get burnt. go with the flow. even if you want to invest, i would suggest some blue chip stocks. check with your investment advisors or friends who are in the market and find out more before making such a comment. people might think you are not a pro in this field but i think otherwise. go to the atm and get some if you have missed out on it. don't be such a sore loser. |
| (Post 47 of 270) 07/16/2002.19:39:42 |
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NTI? why cannot find this IPO at the SGX website? dun even know how many shares they are offering, how to decide on how many to bid? |
| (Post 48 of 270) 07/16/2002.19:57:43 |
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went for a search and finally found the IPO announcement on BT,
July 12, 2002 Singapore Companies NTI Int'l offers 24m shares at 20 each IPO-HUNGRY punters have another issue to zoom in on, with Malaysian information technology firm NTI International yesterday offering 24 million shares at 20 cents apiece. Even with the current IPO fever, NTI, which is headed for the main board, is taking no chances and aiming for attractive pricing. Choo Chee Kong, chief executive officer of SBI E2-Capital, which is managing NTI's listing, claimed: 'We're saying the market will go crazy over this because it is deliberately priced to succeed.' NTI's share issue will be split into a public tranche of 8 million shares, a placement block of 14 million shares - which Mr Choo said is drawing 'a lot of demand' - and 2 million reserved shares sold at a 10 per cent discount. The IPO will raise net proceeds of $3.8 million. NTI's issue price values the company at a historical price to earnings (PE) ratio of about 8.3 times, based on its earnings per share of 2.4 cents for its financial year ended December 2001. The company said this PE ratio 'compares favourably against its SGX-listed comparables' which have an average PE ratio of 19.9 times. Among those it compared itself to are CSA Holdings, CSE Systems & Engineering, FDS Networks and Frontline Technologies. NTI is branding itself as the 'first Malaysian Multimedia Super Corridor (MSC) company' to be traded on SGX. It is an integrated IT solutions and service provider which designs, builds and sets up customised IT solutions mainly for Malaysian government bodies and corporations. SBI E2-Capital, manager of the issue, has become one of the market's hottest IPO managers. Set up by several ex-DBS bankers as a boutique corporate finance firm, it has handled six IPOs so far this year. Its track record includes stocks that have surged on debut like Dayen Environmental and Swing Media. Asked why NTI is gunning for an SGX listing rather than listing on the Kuala Lumpur Stock Exchange, NTI managing director Apandi Dollah said: 'Singapore is quite savvy as far as technology is concerned and this is the market we want to be in.' A clearly upbeat Mr Choo told a media briefing yesterday morning: 'If anybody wants a stock to punt on the Malaysian IT sector, this is it.' The issue's offer closes next Thursday at noon and NTI should make its SGX debut on July 22. |
| (Post 49 of 270) 07/16/2002.20:11:55 |
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Put a bit of timing for this IPO application.
Asumming USA tumble tonite, run run. If USA thrive, tomorrow apply IPO still the same mah. |
| (Post 50 of 270) 05/24/2002.18:27:53 |
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So many houses tagged a buy lah
Consensus view a 35 cts to 40 cts debut Why worry? MSDW the biggest bears on stocks for a long time has said its now what to buy not when to buy |
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