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.
EMS has 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
Interim revenues were US$2.59mln and operating income totalled US$2.59mln, up from US$2.32mln.
There was a US$470,000 loss for the period, and US$398,000 of cash and equivalents.
“GST's financial performance in the period reflected the increasing market complexity both our global and local clients operate in, particularly in a time of uncertainty with global trade wars, political upheavals, and unprecedented environmental issue,” the company said in a statement.
“Our ongoing and new ICT / security businesses continued to deliver healthy performance, in particular through recurring business with key corporate clients, maintaining stability and long-term value to the group.”
It added: “In the current year, the ICT / IDC industry demonstrated strong signs of growth in the emerging East Asian countries of Thailand, Cambodia, Vietnam and Myanmar with strong economic expansion forecast.
“This was true of Thailand, in particular, where our joint-venture partnership with a local Blue-Chip Thai Publicly Listed Conglomerate is expected to start early next year focused on our data centre business model, targeting corporate clients and government sectors locally, together with other regional clients.”
GSTechnologies forecasts sales of US$2mln to US$2.5mln for the second half, which ends 31 March 2020, with overall sales expected at US$4.5mln to US$5mln.
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)."