PCH future

mjrocker · 1 PCH future Tue Feb 22, 2011 2:27 pm

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Is it good to enter pch

marketsee · 2 Re: PCH future Tue Feb 22, 2011 2:34 pm

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Its good buy around 18
maybe I will be wrong
But this was a growing company best for long tearm

marketsee · 3 Re: PCH future Tue Feb 22, 2011 2:42 pm

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September 2010: PC House Limited (PCH) announced the appointment of Ms. Deepthi Wickramasuriya as COO of Procifinity Ltd., a fully-owned subsidiary of PCH, with effect from 1st September 2010.

Ms. Wickramsuriya is a qualified professional in the BPO field having until recently been the Head of Finance, Treasury, Governance, Business Risk and Contracts in Aviva Global Services, the management arm of the BPO operations of Aviva PLC, located in Singapore, India and Sri Lanka. Aviva PLC is the fifth largest insurer in the world and is the majority owner of Sri Lanka’s Aviva NDB Insurance PLC.

Procifinity Ltd. is a BOI approved enterprise that was recently set up for the purpose of catering to the outsourcing requirements of local and overseas-based enterprises, as well as move into IDC operations with the expectation of providing hosted and managed data services to the corporate and public sectors. Sri Lanka is ranked within the top 50 global outsourcing destinations with tremendous market potential.

Mr. Rishan, Chairman of PCH commented, “We are very fortunate to have the services of Ms. Wickramasuriya. She is just the type of person we need to maintain our position as the premier ICT services provider in the country. We can now fast forward our BPO business and commence our new IDC business. The planning process for such ventures is progressing well and we should be able to start implementation soon”.

Ms. Wickramasuriya, who is a FCMA and MBA, counts over 20 years of senior managerial experience spanning many different industries. Her career is dotted with a number of massive value adding efforts resulting from the implementation of her innovative ideas.

Sarath Wikramanayake, Director of both PCH and Procifinity Ltd. said, “Ms. Wickramasuriya’s vast expertise in policy development and governance coupled with her experience in the international sphere will hold us in good stead, given that our plans will involve international operations in a big way.”

PCH is the new corporate brand identity for PC House Limited which was recently listed on the Colombo Stock Exchange. The new brand identity reflects the change from a family owned business to a public company with a vision to be the benchmark for ICT in Sri Lanka.

marketsee · 4 Re: PCH future Tue Feb 22, 2011 2:44 pm

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PCH Enters the Mobile Handset Business

Cashing in on a vibrant mobile phone market, PC House PLC (PCH) will soon be partnering one of India’s fastest growing mobile phone brands, Karbonn. Given its island-wide reach via an excellent distribution network, PCH believes it has the opportunity to market this brand at attractive price points

Mr. S.H.M. Rishan, Chairman of PCH says, “We are in the process of planning a viable distribution network along with an attractive range of handsets with multiple features at competitive prices in order to successfully penetrate the local mobile phone market. Strong marketing and branding initiatives together with a service network matched to fight the big players are planned. In order to do this, PCH and Karbonn have earmarked a significant investment for the current financial year. The idea is to gain a significant market share in the next two years, similar to what PCH enjoys with all our other partners.

Karbonn Mobiles is a joint venture between Delhi-based Jaina Group and Bangalore-based UTL Group. Jaina Group started out as a distributor of mobile handsets around 15 years ago. Though it now has its own brand in the market place, it is also the distributor of HTC in not just India but the whole of South Asia, and of Motorola and LG in India. Having launched in India last April, Karbonn now sells between 500,000 and 600,000 handsets per month. This might be small in the Indian market for mobile phones which is estimated at 100 million per annum, but it is not insignificant. In the lucrative multimedia segment of the market, the brand hopes to capture 7 to 10 per cent share before it completes one year.

About PCH: PCH is the new corporate brand identity for PC House PLC which was recently listed on the Colombo Stock Exchange. The new brand identity reflects the change from a family owned business to a public company with a vision to be the benchmark for ICT in Sri Lanka.

PC House was incorporated as a limited liability company in the year 2000, after having commenced business in 1997 and became PCH PLC. Its Board of Directors consists of Messrs S.H.M. Rishan, Mangala Boyagoda, Sarath Wikramanayake, Modarage Thilakasiri, Shanti Kumar Nadarajah, Kuvera de Zoysa and Mrs. Sharmila Rishan.

marketsee · 5 Re: PCH future Tue Feb 22, 2011 2:44 pm

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PCH scouting for more

Hardware market highest in South Asia:

PC House expects to acquire a few IT companies that are engaged in the Internet Data Centre (IDC), KPO and BPO businesses early this year. PCH Chairman and CEO S H M Rishan said 2011 will see a huge development in the IT enabled services.

The company is looking at the potential of acquiring a few IT companies which are not listed in the Colombo Stock Exchange (CSE).

PCH will be utilizing its Initial Public Offering (IPO) funds to acquire these companies in expanding their businesses.

“PCH is expecting to take its brand to the global arena this year; initially expanding into the South Asian regional countries such as Bangladesh and the Maldives. We already cater to these two countries with our partners, but the company has not taken its brand directly to these markets,” Rishan said.

The demand for products in Bangladesh and the Maldives have shown a significant growth. The company is also looking forward to expand the branch network within the country too. PCH expanded its branch network into Northern and Eastern provinces soon after the IPO.

Rishan said there are four branches in Mannar, Nelliady, Kilinochchi and Mullaitivu. These branches have recorded a 50 to 60 percent monthly growth and it is very encouraging. Sri Lanka’s computer hardware market grew by over 20 percent in 2010 recording the highest growth in the South Asian region. The hardware market has grown steadily. There is a demand for 200,000 to 250,000 personal computers (PCs) or notebooks in Sri Lanka.

The company has recorded a 100 percent profitability corresponding to 2009 and expects a growth of 30 to 35 percent.

PCH is confident that IT enabled businesses in the country will improve tremendously while contributing to strengthen the country’s economy, Rishan said. The IT industry in Sri Lanka is picking up gradually with the IT infrastructure being developed gradually. There will be many developments in the IT enabled businesses and the industry since IT is one of the most required and important components to any type of business.

marketsee · 6 Re: PCH future Tue Feb 22, 2011 2:45 pm

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"We are now negotiating with several US and UK based companies to finalize contracts," PC House chairman Shaheedul Hijiry Mohamed Rishan told LBO.

"We have found premises in Nelliady in Jaffna to set up the centre."

PC House is raising 630 million rupees in a public offering of shares on August 05. The firm is selling 57 million shares at 11 rupees each.

The company also has a firm revenue stream from computer hardware and software sales and setting up networks.

In the year to March 2010 the group earned 123.8 million rupees on revenues of 3.0 billion rupees with 171.7 million shares getting 72 cents of earnings per share. After the issue total shares will go up to 228.9 million.

In April and May 2010, the firm says it has earned 26.8 million rupees.

The firm will pump 300 million rupees into Proficinity Ltd, a fully-owned unit with a Board of Investment tax holiday to carry out information technology enabled services (ITES) and operate an internet data centre.

It already has a 200 seat BPO processing documents for the Sri Lanka government.

Though Sri Lanka has several large outsourcing centres working for global firms including HSBC and Aviva and Amba Research, an investment analysis firm working for Wall Street, other firms including a top blue chip have had less success in outsourcing.

"The timing of earlier outsourcing centres mattered," says Rishan. "Foreign companies ask questions about stability, continuity and about human rights.

"With a war going on companies were not confident enough to give business to us."

A 30-year war ended in May 2009. Since then Rishan says no major incidents have happened, and perceptions about human rights are also changing slowly, he says.

Rishan says foreign firms raised questions about what would happen if communication links were disrupted during the war.

In Jaffna high speed communications are now being upgraded by Sri Lanka Telecom and Dialog Axiata.

"We need at least two independent providers as back up," Rishan says.

Sri Lanka also did not compare too badly against competitors with even India now moving to the 200 dollars a month salary category for BPO personnel.

In Colombo, staff turnover was high requiring firms to keep an extra buffer or 'bench' of up to 40 percent of seats, which pushed up costs, Rishan said.

But outside Colombo staff turnover and absenteeism was less. Their initial experience in Jaffna suggested that a 5 to 10 percent bench was enough, Rishan said.

marketsee · 7 Re: PCH future Tue Feb 22, 2011 2:46 pm

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Daily news - 7 th Jan 2011
PC House PLC (PCH) will commence its Knowledge Process Outsourcing (KPO) operation through its fully owned subsidiary, Procifinity Limited, in February with a total investment of around Rs 300 million.

PCH Chairman S H M Rishan said PCH is expected to create around 1000 job opportunities through the KPO operations within the next two years. The company has recorded good performance so far this year and it is expected to exceed its financial targets for the year that will end in March 2011.

PCH is to implement its all future plans successfully as acknowledged in keeping with its Initial Public Offering (IPO) in August 2010.

Commenting on the price band imposed on the Securities and Exchange Commission (SEC) recently on PCH, Rishan said the company managed to meet relevant authorities in the SEC to find out the reasons for such imposition.

However, a PCH press release said the company has been informed that such bands come into effect automatically on any counter which surpasses a prearranged level of price movement and volume traded based on each listed company's free float over a period of five days on a daily roll-over basis.

The natural consequence of this should be that all present and prospective shareholders of PCH could look forward to extremely attractive returns from the continuous appreciation in the value of the company's shares and future dividends," PCH said.
( Daily news)