Addvalue Tech    Last:0.19   -

Addvalue Tech

 

Singapore, 30 May 2018 &ndash Singapore Exchange Mainboard-listed Addvalue Technologies Ltd (" Addvalue" , together with its subsidiaries, the " Group" ), a leading player in the mobile satellite communications industry, today announced that its Beijing based wholly-owned subsidiary, Zhongxing Chuangzhi (Beijing) Technology Ltd., Co. (ÖÐд´Öµ£¨±±¾©£©¿Æ¼¼ÓÐÏÞ¹«Ë¾)(" Zhongxing Chuangzhi" ) that its partner Huaan Xingke ( Beijing ) Information Technology Co., Ltd (»ª°²ÐÇ¿Æ£¨±±¾©£©ÐÅÏ¢¼¼ÊõÓÐÏÞ¹«Ë¾)(" Huaan Xingke" ) has successfully obtained the type approval for their multi-mode satellite communication terminal, S600, from the Register of Fishing Vessel under the Ministry of Agriculture, Fisheries Bureau of the People&rsquo s Republic of China.

The terminal, a joint development between Addvalue and Huaan Xingke, is customized to meet the China governmental plan to modernize the fishing fleets and is the first-of-its kind to be certified by the China authorities for shipboard and offshore surveillance, navigation and safety operations.

Equipped with the integration of various technologies such as Automatic Identification System (AIS), Radio Frequency Identification (RFID), Beiduo system, and satellite communications, the multi-mode terminal will greatly elevate the operational capabilities for the China fishing fleets while providing very affordable services. The terminal is expected to be deployed in the province of Shandong, Liaoning and Guangdong after the fishing moratorium season in the respective provinces this year. The terminals will be produced in China with certain key modules worth about US$6 million to be supplied by Addvalue over three years with about US$1 million order to be fulfilled in financial year ending 31 March 2019.


How come the annoucement looks like the one made in April 2016?

tonylim70      ( Date: 30-May-2018 18:38) Posted: supply of equipment to a certain company... typical annoucement eg: https://www.businesstimes.com.sg/companies-markets/addvalue-in-three-year-distribution-contract-with-china-firm April 2016: ADDVALUE Technologies' wholly owned unit Addvalue Innovation has entered into a three-year distribution contract with Zhongyou Century (Beijing) Communications Co to supply satellite communication terminals and provide related support services to the China regional maritime vessels market estimated to comprise more than 300,000 vessels. The first batch of supply totalling about US$4 million, under the distribution contract signed, shall commence delivery from May 2016 and be completed by November. It will contribute positively to the financial performance of Addvalue for the financial year ending March 31, 2017. This distribution contract stems from an alliance forged between the two companies in relation to a collaboration agreement they entered into on Nov 12, 2015, to distribute satellite communication-based products and provide customised solutions for the communication needs in China, including but not limited to China' s " One Belt, One Road" initiative. Strange thing that they are still making losses even after the " solid" contract in 2016.   QueenMaya      ( Date: 30-May-2018 18:24) Posted:   Trading halt extended for one more day as they need more time to negotiate terms of a contract.  I wonder what is this all about?

 

supply of equipment to a certain company... typical annoucement

eg: https://www.businesstimes.com.sg/companies-markets/addvalue-in-three-year-distribution-contract-with-china-firm

April 2016:

ADDVALUE Technologies' wholly owned unit Addvalue Innovation has entered into a three-year distribution contract with Zhongyou Century (Beijing) Communications Co to supply satellite communication terminals and provide related support services to the China regional maritime vessels market estimated to comprise more than 300,000 vessels.

The first batch of supply totalling about US$4 million, under the distribution contract signed, shall commence delivery from May 2016 and be completed by November. It will contribute positively to the financial performance of Addvalue for the financial year ending March 31, 2017.

This distribution contract stems from an alliance forged between the two companies in relation to a collaboration agreement they entered into on Nov 12, 2015, to distribute satellite communication-based products and provide customised solutions for the communication needs in China, including but not limited to China' s " One Belt, One Road" initiative.


Strange thing that they are still making losses even after the " solid" contract in 2016.
 

QueenMaya      ( Date: 30-May-2018 18:24) Posted:   Trading halt extended for one more day as they need more time to negotiate terms of a contract.  I wonder what is this all about?

 

  Trading halt extended for one more day as they need more time to negotiate terms of a contract. 
I wonder what is this all about?   

 

Are you aware? The recent announcment stated this counter has a new  placement of 250,000,000 new ordinary shares:

NEW Capital amount: SGD104,754,648
New share issued: 250 million
Existing outstanding shares: 1,770,441,084

This also read as an estimate of $0.052 per share value.

Why is the move so weak? It is probably weak take up or confidence is low from traders.

 

http://thefinance.sg/2014/03/27/addvalue-technologies-announced-sale-of-one-of-its-subsidiaries-for-s330mn-share-rises-sharply-but-closed-well-below-its-implied-value/

AddValue Technologies announced sale of one of its subsidiaries for S$330mn&hellip share rises sharply but closed well below its implied value ??!!

AddValue Technologies announced yesterday that it had reached an agreement to sell one of its subsidiaries for $330mn.   The shares rose from 6.5 cents to an intra-day high of 18.1 cents but closed at 15.7 cents.

4  years on, where is deal?

 

NEWS of involvement in a major communications project associated with China' s " One Belt One Road" initiative brought life to the otherwise listless shares of Addvalue Technologies.

By 2.01pm, the group shares have surged 25 per cent to 6.5 cents with a hefty 20.79 million shares traded, after the morning trading halt was lifted at 10.45am.

This marked a rebound from a downward trend since the beginning of the year, when the stock was at a 52-week high of 8.5 cents in January.

Addvalue Technologies said on Monday morning that its wholly owned unit Addvalue Innovation Pte Ltd has entered into a memorandum of understanding (MOU) on Oct 23 with China International Security Solution Corporation Limited (CSS) to jointly develop and supply satellite communication-based solutions, products and services to meet the communication needs associated with the " One Belt One Road" initiative.



3 years on, where is the positive effect of the major deal with the " One belt One road" ???? Fool me once, shame on you fool me twice, shame on me

huatahrr      ( Date: 02-May-2018 13:05) Posted: Me too, giving them one last chance and same time giving me last chance on this counter. Stll believe after our Gov pumping in so much fund and is time to see some return   Beckham      ( Date: 28-Apr-2018 22:12) Posted: Haha.. nvm, just believe them last and only chance they have now.

 

Me too, giving them one last chance and same time giving me last chance on this counter. Stll believe after our Gov pumping in so much fund and is time to see some return
 

Beckham      ( Date: 28-Apr-2018 22:12) Posted: Haha.. nvm, just believe them last and only chance they have now.  tonylim70      ( Date: 28-Apr-2018 22:01) Posted: hahahahahaha.. since 2008 all the so called " good" news annouced. During this 10 years, has the good news translate to actual profit? If u trust them, then u really never learn from the bitter lessons. Anyway is ur $$$, u trust them , good luck to u man, u need plenty of it.. Look at the share price, the share price speaks for itself. Even with good news and good analyst report, share price never move.. why? investors dun trust them anymore. The China $240M they dun even bother to update already, u still trust them

 

placement 40 to kgi??

 

damn so fast 0.041 thrown down

tonytan44      ( Date: 02-May-2018 09:13) Posted: i que to short at 0.042

 

i que to short at 0.042

 

wow . this company always issue rights and placement = dilution of shares.. thats how they survive even making losses years after years..

Go and scan, how many right issues and placements this company made...

paul1688      ( Date: 01-May-2018 00:16) Posted: Corporate news. Private placement plan. Interesting financial projections post placement - see Corporate Announcement. Interesting days ahead seem like something significant brewing. I like their new business play, now let&rsquo s see if Management can finally validate shareholders&rsquo faith. Those who believe hold on for the ride. Those who are skeptical can watch and wait to see if you are right (again?) to be critical. Pls DYODD - not in anyway making any recommendation.

 

Corporate news. Private placement plan. Interesting financial projections post placement - see Corporate Announcement. Interesting days ahead seem like something significant brewing. I like their new business play, now let&rsquo s see if Management can finally validate shareholders&rsquo faith. Those who believe hold on for the ride. Those who are skeptical can watch and wait to see if you are right (again?) to be critical. Pls DYODD - not in anyway making any recommendation. 

 

NRA say 7,9cents ah??

 

wow.. haha.. ok all the best to u . cheers

Beckham      ( Date: 28-Apr-2018 22:12) Posted: Haha.. nvm, just believe them last and only chance they have now.  tonylim70      ( Date: 28-Apr-2018 22:01) Posted: hahahahahaha.. since 2008 all the so called " good" news annouced. During this 10 years, has the good news translate to actual profit? If u trust them, then u really never learn from the bitter lessons. Anyway is ur $$$, u trust them , good luck to u man, u need plenty of it.. Look at the share price, the share price speaks for itself. Even with good news and good analyst report, share price never move.. why? investors dun trust them anymore. The China $240M they dun even bother to update already, u still trust them

 

Haha.. nvm, just believe them last and only chance they have now. 

tonylim70      ( Date: 28-Apr-2018 22:01) Posted: hahahahahaha.. since 2008 all the so called " good" news annouced. During this 10 years, has the good news translate to actual profit? If u trust them, then u really never learn from the bitter lessons. Anyway is ur $$$, u trust them , good luck to u man, u need plenty of it.. Look at the share price, the share price speaks for itself. Even with good news and good analyst report, share price never move.. why? investors dun trust them anymore. The China $240M they dun even bother to update already, u still trust them? Beckham      ( Date: 28-Apr-2018 20:04) Posted: That was one year ago, now good results is coming soon...be patien

 

hahahahahaha.. since 2008 all the so called " good" news annouced. During this 10 years, has the good news translate to actual profit?

If u trust them, then u really never learn from the bitter lessons.

Anyway is ur $$$, u trust them , good luck to u man, u need plenty of it..

Look at the share price, the share price speaks for itself. Even with good news and good analyst report, share price never move.. why? investors dun trust them anymore.

The China $240M they dun even bother to update already, u still trust them?

Beckham      ( Date: 28-Apr-2018 20:04) Posted: That was one year ago, now good results is coming soon...be patient tonylim70      ( Date: 27-Apr-2018 23:12) Posted: In 2017, they issue a report. They say FY18 their business will break even or make profit aka will stop making losses. U go monitor addvalue financial results and see how accurate they are... http://aspire.sharesinv.com/47605/nra-capital-addvalue-making-quantum-leap-space/ NRA Capital: Addvalue Making the Quantum Leap to Space NRA Capital May 25, 2017 Stock Market, Upside Potential

 

That was one year ago, now good results is coming soon...be patient

tonylim70      ( Date: 27-Apr-2018 23:12) Posted: In 2017, they issue a report. They say FY18 their business will break even or make profit aka will stop making losses. U go monitor addvalue financial results and see how accurate they are... http://aspire.sharesinv.com/47605/nra-capital-addvalue-making-quantum-leap-space/ NRA Capital: Addvalue Making the Quantum Leap to Space NRA Capital May 25, 2017 Stock Market, Upside Potential   Beckham      ( Date: 27-Apr-2018 21:06) Posted: http://www.nracapital.com/research/sgxresearchreport/1804mpxh5g Be patient..

 

In 2017, they issue a report. They say FY18 their business will break even or make profit aka will stop making losses. U go monitor addvalue financial results and see how accurate they are...


http://aspire.sharesinv.com/47605/nra-capital-addvalue-making-quantum-leap-space/

NRA Capital: Addvalue Making the Quantum Leap to Space

Beckham      ( Date: 27-Apr-2018 21:06) Posted: http://www.nracapital.com/research/sgxresearchreport/1804mpxh5g Be patient... tonylim70      ( Date: 25-Apr-2018 13:27) Posted: Investors dun believe them anymore after SO MANY " GOOD" NEWS, especially the China company buying over for $240million. And every quarters lose $$$ even after annoucing numerouos contracts won for the last 10 years. They are surviving becos of the few rights issues that they carried out.

 

http://www.nracapital.com/research/sgxresearchreport/1804mpxh5g

Be patient...

tonylim70      ( Date: 25-Apr-2018 13:27) Posted: Investors dun believe them anymore after SO MANY " GOOD" NEWS, especially the China company buying over for $240million. And every quarters lose $$$ even after annoucing numerouos contracts won for the last 10 years. They are surviving becos of the few rights issues that they carried out.   Berani      ( Date: 25-Apr-2018 13:21) Posted: no impac

 

Investors dun believe them anymore after SO MANY " GOOD" NEWS, especially the China company buying over for $240million.

And every quarters lose $$$ even after annoucing numerouos contracts won for the last 10 years.

They are surviving becos of the few rights issues that they carried out.



 

Berani      ( Date: 25-Apr-2018 13:21) Posted: no impact tonylim70      ( Date: 25-Apr-2018 13:18) Posted: ADDVALUE INKS FIRST MAJOR COMMERCIAL IDRS CONTRACT WITH SATELLITE SERVICE COMPANY  The Board of Directors of Addvalue Technologies Ltd (the " Company" , and together with its subsidiaries, the " Group" ) is pleased to announce that, pursuant to the past intense efforts of the Group in cultivating its IDRS Business (being all business and commercial activities of the Group involving the Inter-Satellite Data Relay System (" IDRS" ) and the IDRS terminal (the " IDRS Terminal" ) pioneered and developed by the Group), the Group has entered into an agreement with a satellite service provider (the " Customer" ) for the customized design and supply of IDRS Terminals to be installed on the Customer& rsquo s fleet of LEO satellites (the " Supply Agreement" ). The Customer plans to deploy a multi-satellite constellation in the near future to provide enhanced data gathering services for its clients. The delivery of IDRS Terminals will be in stages to match up with the launch schedule of the satellites forming the Customer& rsquo s multi-satellite constellation. The Group is currently finalizing the airtime agreement with the Customer for the provision of real-time on-demand IDRS communication service The Supply Agreement forged by the Group for its IDRS Business, together with the airtime agreement is expected to have future material positive financial effects on the performance of the Group in 2019 and beyond. More details about this IDRS terminal contract and airtime agreement and the Customer will be disclosed in due course. Save for their respective interests held through the Company, none of the Directors of the Company has any interest in the Agreement. BY ORDER OF THE BOARD Dr Colin Chan Kum Lok Chairman and CEO After so many stories  for the last > 10 years, especially the China company buying over the company for $240m , u never learn ur lesson? 25 April 201ART TAG 2--> tonylim70      ( Date: 25-Apr-2018 13:18) Posted: ADDVALUE INKS FIRST MAJOR COMMERCIAL IDRS CONTRACT WITH SATELLITE SERVICE COMPANY  The Board of Directors of Addvalue Technologies Ltd (the " Company" , and together with its subsidiaries, the " Group" ) is pleased to announce that, pursuant to the past intense efforts of the Group in cultivating its IDRS Business (being all business and commercial activities of the Group involving the Inter-Satellite Data Relay System (" IDRS" ) and the IDRS terminal (the " IDRS Terminal" ) pioneered and developed by the Group), the Group has entered into an agreement with a satellite service provider (the " Customer" ) for the customized design and supply of IDRS Terminals to be installed on the Customer& rsquo s fleet of LEO satellites (the " Supply Agreement" ). The Customer plans to deploy a multi-satellite constellation in the near future to provide enhanced data gathering services for its clients. The delivery of IDRS Terminals will be in stages to match up with the launch schedule of the satellites forming the Customer& rsquo s multi-satellite constellation. The Group is currently finalizing the airtime agreement with the Customer for the provision of real-time on-demand IDRS communication service The Supply Agreement forged by the Group for its IDRS Business, together with the airtime agreement is expected to have future material positive financial effects on the performance of the Group in 2019 and beyond. More details about this IDRS terminal contract and airtime agreement and the Customer will be disclosed in due course. Save for their respective interests held through the Company, none of the Directors of the Company has any interest in the Agreement. BY ORDER OF THE BOARD Dr Colin Chan Kum Lok Chairman and CEO After so many stories  for the last > 10 years, especially the China company buying over the company for $240m , u never learn ur lesson? 25 April 2018. Wait ends up no news or provide them a few terminals worth $100k...   First < Newer Older> Last Important: Please read our Terms and Conditions and Privacy Policy .