Tuesday, August 17, 2004

Multivision

18/8/04

Dear Management,

I have the following questions:

1. On the Q1FY05 results, the selling and admin expenses were growing much faster than the revenue. Is this a concern? Going forward, are such expenses expected to be increasing at rate faster than the revenue?

2. The GP decreased when compared to the corresponding period. Pls explain for the decrease. How are you going to maintain a healthy GP going forward?

3. What is the doubtful provision policy? What is the general credit terms to customers and average credit terms from suppliers? What are the measures to ensure collections in view of the high level of receivables?

4. What are the geographical markets that the company sees potential in? What is the percentage of sales that were from outside HK and Macau?

5. Can there be a dividend policy? Hopefully the company can declare surplus cash as dividend to share the rewards with the shareholder.

Thank you for taking my questions.

1 Comments:

At August 19, 2004 at 5:20 AM, Blogger mrmoon said...

Dear Management, 19/8/04

Here's my additional questions:

1. Are there currently any recurring income from the completed projects? e.g. maintenance, other services etc. What is the proportion of such revenue to total sales amount?

2. Any plans to bid for projects in Singapore? There are sources that SMRT is going to install recordable surveillance camera at its stations.

3. Can you provide an update on the utilisation of the IPO proceeds against the intended use as listed in prospectus?

4. How much is spent on product development?

5. Pls provide on the progress of expanding your applications to Aviation and mobile communications industries.

6. Can you disclose or provide a comparision of order books between quarters?

7. Pls provide an update on your acquisition of SINO GEAR FORCE LIMITED and US-Based Acqis' Surveillance Business. How has this business contribute to overall performance in value?

8. How does the management intend to generate shareholder values?

Thanks

 

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