*IPO* Cal-Comp Tech


Tech (Cal-Comp Tech) firm files for P6.8-B IPO

THE LOCAL UNIT of Taiwan-based technology conglomerate New Kinpo Group (NKG) seeks to raise P6.77 billion through an initial public offering (IPO) within the year, as it aims to expand production capacity in the country.

In an e-mail to reporters late Friday, the Securities and Exchange Commission said Cal-Comp Technology (Philippines), Inc. filed a registration statement regarding its plan to sell up to 378.07 million shares with an over-allotment option of up to 19.9 million shares at a maximum price of P17 each.

The offer comprises around 26.77% of the consumer technology firm’s total issued shares.

Cal-Comp Tech is part of NKG, which offers global electronic manufacturing services and original design manufacturing services to its customers.

The company’s 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.

Aside from Cal-Comp Tech, other companies under NKG include Cal-Com Precision (Philippines), Inc. and AcBel Polytech (Philippines), Inc. The latter produces injection molded plastic precision parts and power supplies products for global clients.

Cal-Comp Tech opened its first factory in Batangas in 2015, which spans 140,000 square meters and houses three facilities. It now employs more than 6,000 employees at the Lima Technology Center in Lipa City, and at the First Philippine Industrial Park in Sto. Tomas, Batangas.

The firm looks to use the proceeds of the offer to build new manufacturing facilities in the country, as it plans to introduce new products to the domestic market.

NKG Chief Executive Officer and Cal-Comp Tech President Simon Shen said the planned share sale will help the company expand its foothold in the country, since it has become one of the group’s key manufacturing hubs in Southeast Asia.

The Batangas factory is the company’s 19th manufacturing hub in Southeast Asia.

“We believe our expansion will enable Filipinos to become more competitive in export manufacturing and tech R&D (research and development). It’s also an opportune time for the Philippines to be exposed to tech products that will truly bring homes and industries to the future,” Mr. Shen was quoted as saying in a statement.

The company looks to conduct the IPO before year-end, but did not give a specific date. BDO Capital & Investment Corp. is the offer’s issue manager and sole book runner.

Cal-Comp Tech’s planned IPO comes at a time when the market continues to show volatility, having dropped from its record high of 9,078 last Jan. 29 to a low of 6,929 last week. The index is currently in the so-called bear market territory, indicating that it has dropped by at least 20% from a recent high.

Last week saw the conduct of the first IPO of the year, where property developer and construction firm D.M. Wenceslao & Associates, Inc. raised P8.15 billion. The stock lost 14.5% to P10.26 at the end of its first trading session last week, as the overall negative sentiment weighed on its performance.

Canned fruit manufacturer Del Monte Philippines, Inc., which was scheduled to raise P17.55 billion through an IPO before DMW, deferred its plans due to bearish market conditions.

Asked whether it is a good idea to conduct an IPO given the currently volatility, BDO Capital President Eduardo V. Francisco said Cal-Comp Tech would have to be prepared for the market’s movements.

“We just have to be ready as the markets can improve anytime,” Mr. Francisco said in a text message.

Meanwhile, Timson Securities, Inc. Trader Jervin S. De Celis said the performance of the IPO will depend on the timing.

“But I think the funds that they’re raising is smaller than the previous IPOs that we’ve seen and sometimes market players take that into consideration. If the company’s market cap is small, it might interest the short-term players. We’ll have to see its fundamentals first and assess whether the demand will be strong or not,” Mr. de Celis said in a separate message.

source: http://bworldonline.com/tech-firm-files-for-p6-8-b-ipo/


NKG to shift manufacturing to PHL from China

TAIWAN-BASED firm New Kinpo Group (NKG) is positioning the Philippines as its next main manufacturing hub in Southeast Asia, while preparing its local unit for an initial public offering (IPO) to expand its capacity.

In a statement issued Thursday, NKG’s Cal-Comp Technology (Philippines), Inc. said it is scheduled to build two new manufacturing facilities in the country, purchase new equipment, and invest in research and development (R&D) for new products.

Cal-Comp Technology expects to fund this expansion through a P6.77-billion IPO recently filed with the Securities and Exchange Commission. The company targets to sell up to 378.07 million shares to the public before yearend.

The aggressive expansion is part of NKG’s plan to shift its production capabilities to the Philippines from China.

“China will move towards higher level R&D, so its manufacturing component will slowly be transitioned to the Philippines. This IPO will allow us to raise the funds needed to support the said transition and help the Philippines enhance its manufacturing and R&D strengths,” NKG Chief Executive Officer Simon Shen was quoted as saying in a statement.

A total of P1.88 billion raised from the IPO will be used to construct and develop phases 2 and 4 of its First Philippine Industrial Park, Inc. (FPIP) manufacturing complex in Sto. Tomas, Batangas. This will give the company an additional 48,000 square meters (sq.m.) of space for manufacturing.

The site currently houses a facility of Cal-Comp Technology’s subsidiary, Kinpo Electronics (Philippines), Inc. (KPPH).

The company also plans to build additional facilities in KPPH’s Lima Technology Center site in Lipa, Batangas.

The NKG unit will further allot P1.26 billion for its entry into additional land leases with FPIP for a land area spanning 300,000 sq.m.

Alongside the facility expansion, Cal-Comp Technology will be acquiring new assembly equipment and machinery worth P844 million, such as surface mount technology, assembly lines for storage, home appliance, and calculator products. The budget also includes upgrading existing equipment to increase their production capacity.

Around P800 million will be spent for Cal-Comp Technology’s investments in R&D for it to introduce new products in the next four to five years. Some P243 million has been programmed for capital expenditure requirements, including the purchase of miscellaneous equipment and computer software for production operations.

The remaining P900 million from the IPO proceeds will be used to repay short-term loans of KPPH from Metropolitan Bank & Trust Co. and Cathay United Bank, which were initially used as working capital.

“We are ramping up investments in the Philippines because we believe in the country’s economic potential. With an increasingly tech-grounded world, we intend to expand Filipinos’ access to technologically advanced products, equipment, and training,” Mr. Shen said.

The company, which provides global electronic manufacturing services and original design manufacturing, will be launching its own branded products in the Philippine market this year.

Its multiple product lines include external hard disk drivers, televisions, laser printers, smart home appliances, AI humanoid robots, and 3D printers, among others.

source: http://bworldonline.com/nkg-to-shift-man...rom-china/

kay gelboi krap coin calata?
Bullish or Bearish, I will Buy .... Autem Neque Me Invito Tactiost! \m/
(07-13-2018, 02:20 PM)DUCK DODGERS Wrote: kay gelboi krap coin calata?

...no ibang CAL ito Big Grin

allergic ako sa mga stuck na may "CAL" sa pangalan lol
(07-13-2018, 04:41 PM)phantom Wrote: allergic  ako sa mga stuck na may "CAL" sa pangalan lol

ako din. na-trauma na sa CALabasa nut
operationan natin to.. comm pls paki contak boss gavh

...nice strategy to tie up early with the SM Group Smile thumbs up

Cal-Comp PHL in talks with SM to supply AI robots in malls

THE local unit of Taiwan’s New Kinpo Group (NKG) is currently in talks with the largest operator of shopping malls in the country for the roll out of artificial intelligence (AI) robotic products that can assist customers.

Cal-Comp Technology (Philippines), Inc. Chief Executive Officer Simon Shen said the company is speaking with the SM Group as well as other operators of convenience stores for the supply of its New Era AI Robotics. These are smart humanoid robots which feature smart voice interactivity, facial biometrics identification, and POS systems, among others.

“Our robotics will be used in Philippine shopping malls and community stores very soon,” Mr. Shen told reporters after a tour of the company’s manufacturing facility in Batangas on Aug. 10.

“It’s going well, I think we will be implementing very soon,” he added when asked how negotiations with the Sy-led SM Group are going.

Should this deal push through, this will allow Cal-Comp Technology to introduce its products to 70 SM malls in the country.

“Most important is robotics can speak Tagalog, these were put up by Filipino engineers. So we try to put up Tagalog voice AI for their preference,” Mr. Shen said.

Representatives of the SM Group declined to make a comment on the deal.

Service robots are one of the several products under NKG’s portfolio. The company also manufactures calculators, hard disk drives, printers, consumer electronics, power management equipment, automotive, security, medical, and health care products, among others, for different international brands.

Aside from service robots, the company is also planning to launch more products under their own brands.

“We cannot compete with our customers in our current business. We are selling products only where we are not in competition with our current customer, like beauty products under the Hi Me name, the 3-D printer under the XYZ brand,” Mr. Shen said.

The introduction of more products comes alongside Cal-Comp Technology’s further expansion in the country. It plans to build two new manufacturing facilities here, in addition to its current manufacturing space covering 298,674 square meters in Lima Technology Center in Lipa, Batangas and First Philippine Industrial Park in Sto. Tomas, Batangas.

Cal-Comp Technology looks to finance this expansion through a P6.77-billion initial public offering (IPO) by the fourth quarter of this year, where it targets to sell up to 378.07 million shares.

The company will also acquire new assembly equipment and machinery, as well as more investments for research and development, through the IPO.

source: http://www.bworldonline.com/cal-comp-phl...-in-malls/


...ayan! approved na Tongue next month na

SEC approves P6.8-B Cal-Comp IPO

MANILA, Philippines — The Securities and Exchange Commission (SEC) has given the go-signal for Cal-Comp Technology (Philippines) Inc. to go public.

The SEC approved the application of the unit of Taiwanese conglomerate New Kinpo Group for a planned listing tentatively on Oct. 2.

The company recently filed for a P6.77 billion initial public offering (IPO) application with the SEC. Proceeds would be used for facilities expansion, acquisition of new equipment, and research and development.
image: https://video.unrulymedia.com/native/ima...1f1739.svg

Under the plan, the company will sell up to 378 million primary common shares, with a target listing date before the end of the year.

“We believe in the Philippine economy and we leverage on the current local and global market conditions, instead of running away from them,” New Kinpo Group (NKG) and Cal-Comp Technology CEO Simon Shen said.

Shen said the weakening peso is not a threat to an export-oriented company like Cal-Comp Technology, but a favorable condition, explaining that the lower exchange rate has reduced the company’s costs and enabled it to lower its prices in terms of dollars and become more globally competitive.

Cal-Comp Technology is engaged in global electronic manufacturing services and original design manufacturing.

Because of the volatile stock market, companies have put off their listing plans.

D.M. Wenceslao & Associates Inc., was the first to brave the market this year, successfully raising P8.1 billion from its IPO.

Another company, San Miguel Food and Beverage Inc. (SMFB), the newly consolidated food and beverage subsidiary of San Miguel Corp., is planning a share sale of up to P142.8 billion.

The company plans to list tentatively in early November following a planned sale scheduled from Oct. 23 to 29. The share sale involves up to 1.02 billion secondary shares.

Part of the proceeds would be used for investments in the San Miguel Group, including capital and funding requirements of future projects.

source: https://www.philstar.com/business/2018/0...l-comp-ipo


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