DSC Solutions makes impressive debut on Bursa

Published: 2009/12/10

DSC Solutions Bhd (0152), which made its debut on the ACE market of Bursa Malaysia yesterday, opened at 50 sen for a 100 per cent premium over its reference price of 25 sen ex-bonus issue.


DSC's offer price was 50 sen per 10 sen share. Subsequently, it undertook a one-for-one bonus issue after the public issue.

"If you look now, our price is actually doubled as well as our market capitalisation, which reflects the positive sentiment of our business going forward," said DSC's founder and managing director Seah Liang Chiang.

Speaking to reporters after the company's listing, Seah said the company was planning to widen its product line with the latest offerings from its new partner VIPColor Technologies in Malaysia, Singapore and Indonesia.

He said with its additional role as distributor and reseller for VIPColor, the company will be able to offer the latest colour-on-demand label printer.
Seah said over 75 per cent of the company's annual turnover was derived from multinational corporations and regional companies.

DSC provides automatic identification and data collection (AIDC) tracking solutions and has about 700 installation sites across Malaysia, Singapore, China and Southeast Asia.

"The company is using its strong presence in Malaysia and Singapore to tap the rising demand in Asia for its products that use the latest advances in AIDC scanning and computer processes to capture quick information," Seah said.

Going forward, the company intends to focus on developing new modules based on its experiences in the AIDC sector and also improve existing services, he said.

DSC, which raised RM6.289 million via its initial public offering, will use a major portion of the proceeds to fund its research and development efforts to develop new products and enhance existing ones, Seah said.

For its nine-month financial period ended June 30 2009, DSC posted a net profit of RM1.792 million on revenue of RM11.218 million. - Bernama