*IPO* Cal-Comp Tech
#11
(07-13-2018, 04:41 PM)phantom Wrote: allergic  ako sa mga stuck na may "CAL" sa pangalan lol

Pass din ako boss. hahaha.  panget nung name nya. hahaha  Big Grin Big Grin Big Grin
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#12
9-18

...delayed Big Grin  natakot sa market

Cal-Comp Tech defers P6.77-billion public offering

Electronics manufacturer Cal-Comp Technology (Philippines) Inc. deferred its planned P6.77-billion initial public offering to 2019 because of current volatile market conditions, the underwriter handling the deal said over the weekend.

BDO Capital and Investments Corp. president Eduardo Francisco confirmed in a text message that Cal-Comp was delaying the IPO to next year. “Yes, due to poor market conditions,” he said.

BDO Capital is the issue manager and sole underwriter for Cal-Comp’s IPO.

The company, which recently obtained the Securities and Exchange Commission’s approval for the planned share sale, was initially looking at October 2018 for the listing.

The bellwether Philippine Stock Exchange index fell to 7,413.15 on Friday, on concerns over the rising inflation rate which could cause another round of interest rate hikes.

Under the original plan, Cal-Comp will sell up to 378.071 million primary common shares with an over-allotment option for another 19.898 million common shares at an offer price of P17 each.

The offer shares represent 26.77 percent of the company’s total issued shares to the public. 

It said the IPO proceeds would be used to build new factories in the Philippines to ramp up production and introduce new products in the domestic market.  

Cal-Comp said unit Kinpo Electronics (Philippines) Inc. planned to add 48,000 square meters of manufacturing space in a facility at First Philippine Industrial Park. KPPH is also looking to lease additional 300,000 sqm of land within FPIP for capacity expansion. 

Cal-Comp Tech is a member of global technology conglomerate New Kinpo Group, the largest Taiwanese investor in the Philippines.  


source: http://manilastandard.net/business/corpo...ering.html


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#13
9-20

...talaga lang ha?! Tongue

Cal-Comp Technology says expansion still on despite deferred IPO

THE local unit of Taiwan’s New Kinpo Group said it remains on track with its expansion plans in the Philippines despite the postponement of its P6.77-billion initial public offering (IPO).

Cal-Comp Technology (Philippines), Inc. said in a statement issued Wednesday that it had decided to defer its IPO temporarily due to current market conditions and investor sentiment.

“We believe that deferring our IPO will better realize the value of our company for our shareholders and for the investing public. We will resume our IPO at an appropriate time in the future depending on overall market conditions,” the company said.

The local stock market has been tracking a sharp descent in previous days due to several conditions such as the ongoing trade war between the United States and China, the weaker peso, and fears of rising inflation. The onslaught of typhoon Ompong — international name Mangkhut — during the weekend further dampened sentiment as investors feared the inflationary effects of its damages in Northern Luzon.

The Philippine Stock Exchange (PSE) index has once again entered bear territory after closing Wednesday’s trading at 7,221.23, or 20% lower than its peak of 9,078 last January.

Cal-Comp Technology filed a registration statement at the Securities and Exchange Commission (SEC) for the sale of 378.07 million shares at a maximum price of P17 each last July. The corporate regulator approved the filing earlier this month, passing it on to the PSE for the final go signal.

Proceeds of the IPO would have been used to build two new facilities in Batangas, adding 48,000 square meters of manufacturing space for the company. The company also planned to enter into land leases with the First Philippine Industrial Park, Inc. for a property spanning 300,000 sq.m.

The funds to be raised would have also allowed the company to acquire new assembly equipment, upgrade existing facilities, and pour in more investments for research and development.

“Despite this deferment, our growth and expansion plans in Philippines remain on track. We will continue to invest in the Philippines, bringing more business to country, hiring and training more local talents, and introducing our innovative products to the Philippine market,” Cal-Comp Technology said.

Fellow IPO hopeful Del Monte Philippines, Inc. also deferred its stock market debut last June, citing volatile market conditions. The food manufacturer had already secured clearance from the SEC and PSE when it decided to postpone its P13.5-billion fundraising activity.

Meanwhile, San Miguel Food and Beverage, Inc.’s P142-billion follow-on offering is still on the table for the fourth quarter of this year. This will be the largest capital raising exercise in the PSE’s history should the transaction push through. 


source: http://www.bworldonline.com/cal-comp-tec...erred-ipo/


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#14
10-25

...gawang Cal-Comp

Service robots coming soon to malls as SM ties up with Cal-Comp

SM SUPERMALLS has tapped Cal-Comp Technology (Philippines), Inc. for the supply of customer service robots in one of its shopping malls.

In a statement issued Wednesday, Cal-Comp Philippines said it signed a partnership with SM Supermalls for the provision of its New Era AI (Artificial Intelligence) Robotic service robots.

The first service robot will be stationed at SM Megamall in the first quarter of 2019. The robot will be programmed to direct mall-goers and answer questions about Megamall shops and tenant promos. Its large screen and speakers will also provide real-time promotion with interactive map services.

“In pursuit of bringing family fun experiences for all, SM is excited to bring to customers another fun innovation that aims to transform shopping and retail experiences in the country,” Cal-Comp Philippines quoted SM Supermalls Chief Operating Officer Steven T. Tan as saying in a statement.

In an earlier interview with reporters, Cal-Comp Philippines Chief Executive Officer Simon Shen described the service robots as smart, humanoid robots featuring smart voice interactivity, facial biometrics identification, and POS systems, among others.

“Our partnership with SM Supermalls will revolutionize the local retail industry, and we are excited for the rollout of this new technology across all SM Supermalls in the Philippines. Our smart service robot’s speech capabilities will hopefully make the shopping experience more convenient for everyone, and provide the needed assistance to mall guests of all ages.” Mr. Shen said in a statement.

Mr. Shen earlier noted that the robots can also speak Tagalog as they were put up by Filipino engineers.

The company said the service robot can also be used in other industries such as retail, convenience stores, health care, and finance. The robot’s front screen can also be used for mobile advertisements and other announcements.

Aside from AI robots, Cal-Comp Philippines manufactures consumer electronics products such as calculators, electronic keyboards, LEDs, hard disk drives, and several high-end home appliance product for international brands.

Cal-Comp Philippines is the local unit of Taiwan-based New Kinpo Group, which has operations in Thailand, Singapore, Malaysia, and several parts of China.

The company earlier planned to raise P6.77 billion through an initial public offering (IPO) to finance its expansion in the country, but decided to back out due to market volatility. This would have funded the construction of two new manufacturing facilities, new assembly equipment, and machinery.

Cal-Comp Philippines said it will proceed with its expansion in the country despite the postponement of the IPO. The company currently has a total manufacturing space of 298,674 square meters across Lima Technology Center in Lipa, Batangas and First Philippine Industrial Park in Sto. Tomas, Batangas.


source: https://www.bworldonline.com/service-rob...-cal-comp/


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#15
11-28

Cal-Comp starts expansion of facility in Lipa City

THE local unit of Taiwan’s New Kinpo Group has started the construction of its 24,000-square meter (sq.m.) facility in Batangas, in line with the goal to double its workforce in the country by 2020.

Cal-Comp Technology (Philippines), Inc. said in a statement on Tuesday that the facility will expand its existing 140,000-sq.m. facility inside the Lima Technology Center in Lipa City, Batangas.

The new factory will generate about 3,000 new jobs for Filipinos.

“We are on track in making the Philippines our next main manufacturing hub in Southeast Asia, and we will grow our capacity down the line to reach more customers here and across the globe,” NKG and Cal-Comp Philippines Chief Executive Officer Simon Shen said in a statement.

The company is positioning the Philippines to become its main manufacturing hub in Southeast Asia instead of China, which is now moving toward higher level research and development (R&D) products.

Cal-Comp Philippines plans to hire 5,000 Filipinos in the next 12 to 18 months to support this goal, in addition to its current network of about 10,000 employees. It is also beefing up its R&D capacity increasing its local engineering division to almost 1,000, versus more than 140 engineers at present.

Aside from the new facility in Lipa, Cal-Comp Philippines will also be developing Phases 2 and 4 of its First Philippine Industrial Park, Inc. manufacturing complex in Sto. Tomas, Batangas. The construction will add around 48,000 sq.m. of manufacturing space for the company, where its unit Kinpo Electronics (Philippines), Inc. is located.

Cal-Comp Philippines decided to push through with its expansion despite postponing plans to conduct an initial public offering (IPO) this year, as it maintained a bullish outlook on the Philippines. The company sought to raise P6.77 billion from the sale of 378.07 million shares with an over-allotment option of up to 19.9 million shares priced at up to P17 each.

The IPO had been approved by the Securities and Exchange Commission, and was supposed to get the final go signal from the Philippine Stock Exchange.

Cal-Comp Philippines offers global electronic manufacturing services and original design manufacturing services to its customers. Its products and services include storage, printers, network-attached storage (NAS), wireless and broadband, digital home, consumer electronics, wearables, 3D printing, robotics, and emerging technologies, among others. 


source: https://www.bworldonline.com/cal-comp-st...lipa-city/


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#16
2-6

Cal-Comp Philippines eyes IPO by third quarter

CAL-COMP Technology (Philippines), Inc. plans to push through with its initial public offering (IPO) by the third quarter of this year to finance its expansion plans in the country.

The local unit of Taiwan-based technology conglomerate New Kinpo Group (NKG) initially targeted to raise P6.77 billion through the exchange in 2018, but decided to withdraw such plans due to volatile market conditions.

“We’re planning to resume the IPO in this year and the timing may be around third quarter,” Cal-Comp Philippines Vice-President and Investment Relations Officer Hugh Lo said in an e-mail.

Prior to the postponement of the IPO, Cal-Comp had already secured approval from the Securities and Exchange Commission for the fund-raising activity in September last year. The company would have to get the Philippine Stock Exchange’s go signal to proceed with the share sale.

Cal-Comp Philippines looked to sell 378.08 million shares with an over-allotment option of up to 19.9 million shares at P17 each. This is equivalent to 26.77% of the Cal-Comp’s total issued shares.

Mr. Lo said the company may adjust the size of the IPO depending on market conditions this year.

“As to the size of IPO, we’re considering the market situation as well as the EPS (earnings per share) performance. We may adjust the IPO amount when preparing to resume the IPO,” Mr. Lo explained.

The share sale will help the company strengthen its presence in the Philippines, as it looks to shift its manufacturing capacity from China.

The company’s expansion plans include a new facility in Lipa, Batangas covering 24,000 square meters (sq.m.). It also plans to develop phases two and four of its manufacturing complex in First Philippine Industrial Park, Inc., Sto. Tomas, Batangas. This will add 48,000 sq.m. of manufacturing space for the company.

Despite the postponement of the IPO, Cal-Comp pushed through with the construction of its facility in Lipa last year as it continues to see the Philippines as its next major manufacturing hub.

“The already existing business and new business under negotiation are all going very well. We believe the future of Philippine for EMS/ODM (electronic manufacturing services/ original design manufacturing) will be very promising,” Mr. Lo said.

Cal-Comp Philippines offers global electronic manufacturing services and original design manufacturing services to its customers. Its products and services include storage, printers, network-attached storage (NAS), wireless and broadband, digital home, consumer electronics, wearables, 3D printing, robotics, and emerging technologies, among others.

Apart from Cal-Comp Philippines, canned fruit manufacturer Del Monte Philippines, Inc. (DMPI) also withdrew its plans for a P17.55-billion IPO last year due to market conditions.

Sought for comment in a separate e-mail, DMPI Controller Ignacio Carmelo O. Sison said the company is still waiting for a better market situation.

“Market conditions continue to be volatile and the Company has been advised by its bankers and advisors that it would be in the best interest of the Company and DMPI to defer the Offering until such time when market conditions improve,” Mr. Sison said.


source: https://www.bworldonline.com/cal-comp-ph...d-quarter/


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