IPS Securex *Official* (SGX:42N)

[foozgarden]

what do you guys think?

with all the ME tension etc etc...
i think this is a good coy to own ...
price seems like a good entry too at the moment

 

[Asphodeli]

Looks like a stable but boring business. Needs a little more spice for this to move upwards.

 

[foozgarden]

like vicom lo..

stable but boring..
need a catalyst..

 

[foozgarden]

below ipo price

 

[Shion]

IPS Securex posts 10% rise in 1H earnings to $1 million

IPS Securex posts 10% rise in 1H earnings to $1 million

http://www.theedgemarkets.com/sg/article/ips-securex-posts-10-rise-1h-earnings-1-million

SINGAPORE (Feb 3): IPS Securex recorded a 10% increase in half-year net profit to $1 million.

This came on the back of a 20.5% increase in revenue to $7 million, lifted by the group’s security solutions business and the maintenance and leasing business recording revenue gains of $1 million and $158,000 respectively.

Looking ahead, the group reckons that the demand for security products and integrated security solutions will continue to rise and benefit it in the long term.

Shares in IPS ended flat at 19.5 cents on Wednesday.

 

[foozgarden]

IPS Securex posts 10% rise in 1H earnings to $1 million

http://www.theedgemarkets.com/sg/article/ips-securex-posts-10-rise-1h-earnings-1-million

SINGAPORE (Feb 3): IPS Securex recorded a 10% increase in half-year net profit to $1 million.

This came on the back of a 20.5% increase in revenue to $7 million, lifted by the group’s security solutions business and the maintenance and leasing business recording revenue gains of $1 million and $158,000 respectively.

Looking ahead, the group reckons that the demand for security products and integrated security solutions will continue to rise and benefit it in the long term.

Shares in IPS ended flat at 19.5 cents on Wednesday.

good results but price didnt go up ..

 

[Shion]

http://infopub.sgx.com/FileOpen/IPS - Annual Report.ashx?App=Announcement&FileID=424504

http://infopub.sgx.com/FileOpen/IPS - Circular.ashx?App=Announcement&FileID=424505

 

[Shion]

IPS Securex’s 1Q net loss halves on higher revenue

IPS Securex’s 1Q net loss halves on higher revenue

SINGAPORE (Nov 7): IPS Securex, the provider of security products and integrated security solutions, saw 1Q net loss narrowed by half to $0.22 million from $0.45 million a year ago.

Group revenue rose 36.5% to $2.3 million from $1.7 million. Revenue for the Group’s Security Solutions Business grew 94.3% $0.79 million. Revenue from the Maintenance and Leasing Business increased by 18.4% to $1.5 million.

On the back of the increase in group revenue, gross profit increased by 15.7% to nearly $1 million.

Finance costs increased to $41,000 from $14,000 mainly due to foreign exchange loss attributable to the weakening of the United States dollar in which the group’s sales were denominated against the Singapore dollar.

With persistent threats and continued security concerns in the Asia-Pacific region, IPS Securex says governments would have to continue to purchase, upgrade and replace existing security equipment and systems. This in turn, will provide demand for the group’s security products and integrated security systems in the longer term.

“As such, the group will continue to actively market its range of security products and integrated security solutions to meet the security needs of its customers in the Asia-Pacific region while managing costs,” it adds.

Shares in IPS Securex closed at 8.4 cents on Tuesday.

 

[sandwicher]

Wa, IPO not too long ago, now making losses.

 

[Perisher]

Back in June,
IPS Securex wins security maintenance contract worth S$10.4 million
http://www.straitstimes.com/busines...urity-maintenance-contract-worth-s104-million

Security firm IPS Securex Holdings said on Tuesday (June 13) that its unit IPS Securex (IPS) has won a S$10.4 million maintenance contract with a government agency in South-east Asia.

IPS has received a variation agreement, valued at approximately S$10.4 million, to a principal contract dated June 12, 2013 - entered into between IPS and the government agency in South-east Asia - to provide maintenance support and equipment replacement services for the agency's integrated security solutions.

IPS will provide maintenance support for certain integrated security solutions for a two-and-half-year period from June 12, 2017, to Dec 11, 2019, as part of the agreement.

 

[Perisher]

IPS Securex’s revenue rose 36.5% to S$2.3 million in 1Q2018
 Revenue from Security Solutions Business increased by 94.3% to S$785,000 while
Maintenance and Leasing Business increased by 18.4% to S$1.5 million in 1Q2018

SINGAPORE, 7 November 2017 – IPS Securex Holdings Limited (“IPS Securex” or the “Company”
and, together with its subsidiaries, the “Group”), a leading provider of security products and
integrated security solutions with an established regional presence in the Asia Pacific, is pleased
to announce its consolidated financial results for the first quarter ended 30 September 2017
(“1Q2018”).

 

[Perisher]

IPS Securex has made an allowance of doubtful debt of ~SGD3m, which involves the
sale of PepperBall and related equipment to one of its regional customers.

We think the probability of repayment is low, as well as the fulfilment of the USD54.8m
LOI. As a result, we have removed the sale from our estimates, which results in a lower
DCF-backed TP of SGD0.09 (from SGD0.34, 13% upside).

In addition, certain project delays, like AOT’s airports upgrades, also hamper its
prospects going forward. Hence, we downgrade the stock to NEUTRAL (from Buy).

http://research.sginvestors.io/2017/09/ips-securex-holdings-rhb-invest-2017-09-11.html

 

[Shion]

IPS Securex reports narrowing of 3Q losses to $0.2 mil

IPS Securex reports narrowing of 3Q losses to $0.2 mil

https://www.theedgesingapore.com/ips-securex-reports-narrowing-3q-losses-02-mil



SINGAPORE (May 8): IPS Securex has posted a narrowing of 3Q losses to $0.2 million, which is half of its 3Q17 loss of $0.4 million a year ago due to lower expenses and a tax write-back.

Revenue for the quarter fell 4.4% to $2.3 million from $2.4 million previously due to reduced contributions from the security solutions business, offset in part by higher revenue from the maintenance and leasing business.

The lower security solutions revenue was largely attributable to lower demand for integrated security solutions in Singapore, while improved revenue from the maintenance and leasing business was due to higher provision of maintenance support services to customers in Singapore.

Finance costs fell 80.7% to $63,870 in 3Q18, from $0.3 million a year ago. This was mainly due to the reduction of foreign exchange loss and the absence of an adjustment last year.

Administrative expenses fell 2.0% to $1.29 million in 3Q18, from $1.31 million a year ago.

This was mainly attributable to the decrease in employees’ remuneration and benefit expenses mainly due to lower staff bonuses accrued, lower professional fees, distribution and marketing expenses and office related expenses.

A tax credit of $25,000 was booked compared to a tax expense of $20,000 a year ago, attributable to a tax write-back due to the reversal of over-provisions made over prior years.

As at end March, cash and cash equivalents stood at $3.4 million.

In its outlook, IPS Securex highlights the steady growth of its maintenance and leasing business despite a slowdown in the industry.

Besides cost management efforts, the group says it has also been engaging in opportunities to bring in new Homeland Security products to Asia to expand its range of offerings in terms of security products and integrated security solutions.

Shares in IPS Securex closed flat at 8.4 cents.

 

[Shion]

IPS Annual Report
http://infopub.sgx.com/FileOpen/IPS - Annual Report.ashx?App=Announcement&FileID=529302

 

[Marketwatcher]

IPS Securex receives LOA for S$19.1 million contract

This just out ...

MEDIA RELEASE

SINGAPORE, 15 January 2019 – IPS Securex Holdings Limited (“IPS Securex” or the “Company” and, together with its subsidiaries, the “Group”), a leading provider of security products and integrated security solutions with an established regional presence in the Asia Pacific, is pleased to announce that its wholly-owned subsidiary, IPS Securex Pte. Ltd. (“IPS”), has received a Letter of Acceptance (“LOA”) from a government agency in Southeast Asia (the “Agency”) for a contract worth a total of up to approximately S$19.1 million (the “Contract”).

Commenting on the LOA, Mr Kelvin Lim (林青宋), Executive Director and Group Chief Executive Officer of IPS Securex said, “The award of this contract exemplifies the confidence that our customers have in our integrated security solutions and services. We shall continue to work hard to justify this trust that our customers have in us in terms of not only putting the best security solutions forward that meet their needs, but also to continue to exceed their expectations in terms of our service.”

Out of the S$19.1 million, up to S$10,1 million is for IPS to supply, deliver, install, commission and test a certain integrated security solution (“System A”) and provide maintenance support services for seven years for System A following its complete implementation, as well as other System A support and professional services.

The balance of up to S$9.0 million is an option exercisable by the Agency for IPS to supply, deliver, install, commission and test a second integrated security solution (“System B”) and provide maintenance support services for seven years following the complete implementation of System B, as well as other System B support and professional services (the “Option”).

Under the LOA, System A and, if the Option is exercised, System B, are to be completed within 12 months of the LOA and Notice of Exercise of the Option respectively, and payment is expected to be made by the Agency to IPS upon completion of each agreed milestone.

The LOA is not expected to have a material financial effect on the earnings per share and net tangible assets per share of the Group for the financial year ending 30 June 2019. None of the Directors or substantial shareholders of the Company has any interest, directly or indirectly, in the LOA, save for their respective shareholdings in the Company.

End.

Note to Media: This media release is to be read in conjunction with the announcement issued on SGXNET on the same date.

 

[Shion]

IPS Securex expects net profit for FY20, against FY19 loss

IPS Securex expects net profit for FY20, against FY19 loss

https://www.businesstimes.com.sg/co...expects-net-profit-for-fy20-against-fy19-loss

IPS Securex Holdings said it is expected to report a net profit for the financial year ended June 30, a turnaround from an audited net loss for FY2019.

The Catalist-listed integrated security-solutions provider attributed this to an improvement in revenue due to the income recognition of more projects completed during the year, as well as continued cost control measures at the corporate level.

IPS Securex recorded a net loss of S$1.2 million for the full year ended June 30, 2019. Its revenue was down 17.4 per cent to S$9 million, and gross profit was S$4.5 million. Administrative expenses exceeded gross profit, increasing 4.2 per cent to S$5.5 million.

The group will announce its unaudited full-year results for FY2020 by Aug 29.

Shares in the company ended trading at 9.8 Singapore cents, down 0.5 cent or 4.85 per cent.