Azeus Systems Holdings

[cyclone]

Financial Results for the Financial Year Ended 31 March 2018

Highlights :
1. FY2018 revenue grew 4.6% to HK$102.4 million (US$13.1 million1)
2. Azeus recorded a return in profitability with net profit of HK$1.9 million 
3. As at March 31, 2018, the Group further solidified its balance sheet with a cash position of HK$58.6 million
4. Azeus has no debt nor bank borrowings
5. Net asset value per share was HK$2.94 as at 31 March 2018
6. Recommends first and final dividend of 6.2 HK cents per ordinary share 
7. Assume 1 HKD = 0.17 SGD, the dividend yield is 4.3%.

More details in :
1. http://infopub.sgx.com/FileOpen/Azeus%20...eID=507990
2. http://infopub.sgx.com/FileOpen/Azeus%20...eID=507991

Azeus today closed at S$0.245.

[BlueKelah]

Financial Results for the Financial Year Ended 31 March 2018

Highlights :
1. FY2018 revenue grew 4.6% to HK$102.4 million (US$13.1 million1)
2. Azeus recorded a return in profitability with net profit of HK$1.9 million 
3. As at March 31, 2018, the Group further solidified its balance sheet with a cash position of HK$58.6 million
4. Azeus has no debt nor bank borrowings
5. Net asset value per share was HK$2.94 as at 31 March 2018
6. Recommends first and final dividend of 6.2 HK cents per ordinary share 
7. Assume 1 HKD = 0.17 SGD, the dividend yield is 4.3%.

More details in :
1. http://infopub.sgx.com/FileOpen/Azeus%20...eID=507990
2. http://infopub.sgx.com/FileOpen/Azeus%20...eID=507991

Azeus today closed at S$0.245.

Was on my to buy list until suddenly started making losses. By right gov. Contracts should be cash cow. But dunno why order book dropped so much.  

Now improved but Seems like business from gov is very lumpy. Need to monitor further.

[cyclone]

Financial Results for the Financial Year Ended 31 March 2019 ("FY2019")

Highlights :
1. FY2019 revenue grew 44.4% to HK$147.8 million (US$19.2 million), with broad-based growth across business segments
2. Azeus Products segment's revenue more than doubled to HK$49.9 million (US$6.5 million) in FY2019, poised to be growth driver for Group
3. The Group's gross profit margin improved by 13 percentage points to 44.7% in FY2019 as compared to 31.6% in FY2018
4. Net profit surged 577.4% to  HK$12.6 million (US$1.6 million) for FY2019
5. As at March 31, 2019, the Group maintained a robust balance sheet with a cash position of HK$52.7 million, with no debt or bank borrowings
6. Recommends first and final dividend of 21 HK cents per ordinary share.

More details in :
1. https://links.sgx.com/FileOpen/FY2019%20...eID=561731
2. https://links.sgx.com/FileOpen/Azeus%20-...eID=561732

[cyclone]

Azeus Secures £1.0 Million Contract from a UK County Council for Provision of Adult Social Care Case Management System

Highlights :
* Azeus also recently awarded supplier status under the Data and Application Solutions framework by Crown Commercial Service, UK’s largest public procurement organisation 
* Latest contract win follows similar contract win in 2018 valued at £1.42 million from another UK local council for the supply, support and maintenance of Adults and Children’s Social Care Case Management System

Azeus Systems Holdings Ltd. today announced that it had secured a contract worth £1.0 million (approximately US$1.27 million) from a County Council in the United Kingdom (the "UK") for the provision and support services of an Adult Social Care Case Management System with the Group’s proprietary product – AzeusCare, on the back of a similar contract win in 2018.

AzeusCare is an integrated case management system that provides a wide range of solutions for supporting the delivery of services for managing and delivering social care for both adults and children. In particular, AzeusCare supports the delivery of the requirements of the UK Care Act 2014 with a comprehensive set of tools to manage both the case management and finance requirements under a fully integrated system.

The system aids in improving the efficiency, effectiveness and quality of outcomes for adults’ social care through improved data gathering and sharing, effective case management, data analysis and evaluation. Additionally, the system provides a comprehensive recording environment for service delivery in the areas of early intervention, special educational needs and disabilities (SEND) and children’s social care.

The contract sum of £1.0 million, which represents the purchase of all modules of the bid and related services, is the total cost for the initial five years of the contract, which is expected to end in 2024. Thereafter, the County Council has the option to extend the contract.

More details in https://links.sgx.com/FileOpen/Azeus%20-...eID=565243

[cyclone]

Azeus Secures HK$10.3 Million Contract from the Hong Kong Government
* Reinforces Azeus’ position as a leading provider of IT solutions in the public sector and commitment in delivering high quality products and services

Azeus Systems Holdings Ltd. today announced that it had secured a contract worth HK$10.3 million (approximately US$1.3 million) from the Hong Kong Government. The contract is awarded under the Standing Offer Agreement for Quality Professional Services 4 (“SOA-QPS4”) – Major Service Group category.

The contract is for the upgrade of Road Test Process Control System. Azeus’ scope of work will include System Analysis & Design (“SA&D”), System Implementation and Integration (“SI&I”) as well as System Maintenance and Support (“SM&S”) services.

The SA&D and SI&I phase is expected to commence in October 2019 and to be completed in 17 months. Upon the expected completion in February 2021, Azeus will provide a seven-year SM&S service to the upgraded system, involving system enhancement services in response to change requests raised by the client.

[cyclone]

Unaudited Half Year Financial Statement for the period ended 30 September 2019 9 ("1H FY2020")

Highlights :
1. 1H FY2020 revenue grows 14.3% to HK$72.1 million (approximately US$9.2 million)
2. Strong performance driven by 79.0% increase in sales of Azeus Products to HK$37.9 million (approximately US$4.8 million)
3. Azeus’ Professional IT Services segment remains a strong pillar of support
4. Net profit for 1H FY2020 more than doubles to HK$4.9 Million (Equivalent to  US$0.6 Million)
5. As at September 30, 2019, the Group’s financial position continues to strengthen with a net cash position of HK$62.4 million, up from HK$54.2 million in the previous corresponding period
6. As at September 20, 2019, the Group has no bank borrowings or debt securities
7. The Group’s shareholders’ equity increased from HK$96.8 million at the beginning of the year to HK$102.9 million as at September 30, 2019
8. No interim dividend has been declared/recommended during the period ended 30 September 2019.

More details in :
1. https://links.sgx.com/FileOpen/Azeus%20F...eID=586133
2. https://links.sgx.com/FileOpen/Azeus_New...eID=586134

[BlueKelah]

Unaudited Half Year Financial Statement for the period ended 30 September 2019 9 ("1H FY2020")

Highlights :
1. 1H FY2020 revenue grows 14.3% to HK$72.1 million (approximately US$9.2 million)
2. Strong performance driven by 79.0% increase in sales of Azeus Products to HK$37.9 million (approximately US$4.8 million)
3. Azeus’ Professional IT Services segment remains a strong pillar of support
4. Net profit for 1H FY2020 more than doubles to HK$4.9 Million (Equivalent to  US$0.6 Million)
5. As at September 30, 2019, the Group’s financial position continues to strengthen with a net cash position of HK$62.4 million, up from HK$54.2 million in the previous corresponding period
6. As at September 20, 2019, the Group has no bank borrowings or debt securities
7. The Group’s shareholders’ equity increased from HK$96.8 million at the beginning of the year to HK$102.9 million as at September 30, 2019
8. No interim dividend has been declared/recommended during the period ended 30 September 2019.

More details in :
1. https://links.sgx.com/FileOpen/Azeus%20F...eID=586133
2. https://links.sgx.com/FileOpen/Azeus_New...eID=586134

share price has more than doubled since start of the year. Has there been a share consolidation or just run up from better results?

[cyclone]

share price has more than doubled since start of the year. Has there been a share consolidation or just run up from better results?

Ytd, there is no share consolidation.

[weijian]

Everyone loves maint type of contracts for its predictable and recurring stream.

AZEUS SECURES A SIZEABLE HK$1.02 BILLION CONTRACT (US$132.0 MILLION 1) FROM HONG KONG SAR GOVERNMENT FOR THE IMPLEMENTATION OF ITS CENTRAL ELECTRONIC RECORDKEEPING SYSTEM

The total estimated contract value is HK$1.02 billion (US$132.0 million1) and will cover the design and development of the Central Electronic Recordkeeping System with a total implementation price of HK$633.9 million (US$82.4 million1), as well the system’s maintenance and support for ten years of HK$381.4 million (US$49.6million1) following its implementation.

https://links.sgx.com/FileOpen/Azeus%20-...eID=716234

[¯|_(ツ)_/¯]

[email protected]
yes, love it. was watching since it was trading less than 50cents.  The sudden jump of it's share price was rather unexpected.

I observed that when it first announced a dividend of HKD21 cents few years back, the stock price starts to move.

With a 2nd year dividend of HKD21 cents again, it's price go above SGD$1.

3rd year dividend of HKD39 cents, moon to SGD10.

In my heart, I was thinking, someone had accidentally thought either the dividend is in SGD (which in actual fact is in HKD   )

It's a great journey (observing) and hope to vest when the price is backed to a reasonable valuation.