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GSTechnologies plants flag in data storage space

Snapshot

The company also provides the infrastructure for the Internet of Things, targeting businesses that construct data centres and smart buildings

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Quick facts: GSTechnologies Ltd

Price: 0.155 GBX

LSE:GST
Market: LSE
Market Cap: £1.54 m
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  • Global technology investment group

  • Provides infrastructure for the Internet of Things

  • Moving into data storage 

  • Listed on main board of LSE in November 2018

What GSTechnologies does

GSTechnologies Limited (LON:GST) is a global technology investment company that provides services including data centres, security and smart automation through its main subsidiary, EMS Wiring Systems Pte Ltd.

The company also provides the infrastructure for the Internet of Things (IOT) targeting businesses that construct data centres and smart buildings.

In February, EMS signed a strategic co-operation agreement with IT Care Ltd, a Shanghai-listed public company that has developed cutting edge hologram technology.

IT Care has developed a patented HoloFan hologram invention technology, which GST said it will be adding to the services it offers to ICT (information and communications technologies) clients.

How it's doing

Revenue rose to US$6.6mln in the year ended March 31 from US$4.6mln.

Net assets rose to US$2.4mln from US$1.8mln a year ago.

Golden Saint Technologies made a loss of US$385,000, compared to a profit of US$270,000 last year, but this was largely due to costs related to its reverse takeover of Singapore-based tech firm EMS Wiring Systems Pte Ltd.

These are the latest results published by GST.

What the boss says: Tone Goh, executive chairman

"The group believes the demand for ICT, data centre products and associated services from South East Asia which includes the Philippines, Malaysia and Indonesia, will continue to grow.

"With the newly established technology focused vision comes a freshly formed experienced management team with strong experience in the ICT space and proven track records, this includes the recent appointment of Wilson Teng Wai Leung as Managing Director of GST (Thailand).

"The board is aware of the need for succession planning and is forming a strategy to ensure continuity.

"The focus on new exciting growth opportunities in the technology space providing recurring revenues and profits remain key to the company's future strategy."

 

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Watch

Golden Saint Technologies agrees deal to build data centre in Thailand

Golden Saint Technologies Limited's (LON:GST) Pierre Fourie and Tone Goh discuss with Proactive London a Letter of Intent that's been signed with Siam Motors to build a tier three data centre facility in Pattaya and/or Chonburi Province in Thailand. Siam is Thailand's longest established...

on 24/5/19

2 min read