ASM Technologies Ltd - as mini-Infosys Technologies Ltd hit another buyer freeze with good volumes. It seems everyone has started to have a look at it, now. The company's CMD was in USA last month for striking some deals. The company came out with good numbers for the September, 2008 quarter even in this downturn. The company will now focus more on the domestic markets. With delivery around 99.53%, it seems the stock will hit some more upper circuits in the days to come. ASM's Enterprise Applications service line has wide exposure to the particular needs of various verticals such as: Manufacturing
Oil & Gas, Telecom, retail, Growth Industries, Independant Software Vendors, Product Engineering Services and most importantly, Defence
ASM Technologies Ltd, has initiated the process of establishing an Oracle AIA (Application Integration Architecture) Center of Excellence focusing on co-development of AIA Products and evangelization of AIA Technology within ASM Technologies Ltd and its customer base. As part of this, ASM Technologies Ltd, shall be signing Master Co-Development Agreement with Oracle USA to take up several independent Development projects in which ASM Technologies Ltd and Oracle will collaborate for the purpose of developing new Oracle Products based on the AIA Framework powered by Oracle Fusion Middleware. ASM Technologies Ltd had earlier signed up with Cincom Systems, leading Global Software provider and one of the most experienced software companies in the World, to partner with Cincom to resell, implement and support Cincom’s Quote-To-Order (QTO) Product in India. Cincom's Quote-to-Order (QTO) software solutions for manufacturers of highly engineered products dramatically streamlines the Quote-to-Order and Order-to-Build process by automating complex, expert-dependent processes including: sales, pricing, quoting, design validation and product configuration thereby helping the manufacturers with increased quoting accuracy, increased customer face time, improvement in sales productivity, reduced engineering time, reduced order cycle and few other significant benefits. Cincom's QTO product consists of knowledge based applications covering product configuration, sales configuration, estimating & bidding, quote management; knowledge based application studio and enterprise integration with existing back end ERPs.
ASM Technologies Ltd also announced earlier that it has signed a definitive agreement to acquire 100% of Enterprise Software Resources (http://www.sapresources.com/) a US based firm, in an all cash deal. This acquisition is through ASM's wholly owned subsidiary in Singapore, Advanced Synergic Pte Ltd and financed by Indian Bank, Singapore.
An important point which is worth mentioning is that the EPS of the company for Half Year Ended, 30th September, 2008 is a whooping Rs.4.29. Considering that most of the software companies earn major part of their revenues in the Q3 and Q4, we can safely assume that the for the whole year, FY09, the EPS of the company would be around Rs.10. Hence if we give the shares a minimum P/E of 15 and then give a some discounting, the shares should trade around Rs.120, against the current market price of only Rs.31. However, if we consider the fact that, it is working in the niche area (including the lucrative defence space), the shares should command a minimum price of Rs.150.
Oil & Gas, Telecom, retail, Growth Industries, Independant Software Vendors, Product Engineering Services and most importantly, Defence
ASM Technologies Ltd, has initiated the process of establishing an Oracle AIA (Application Integration Architecture) Center of Excellence focusing on co-development of AIA Products and evangelization of AIA Technology within ASM Technologies Ltd and its customer base. As part of this, ASM Technologies Ltd, shall be signing Master Co-Development Agreement with Oracle USA to take up several independent Development projects in which ASM Technologies Ltd and Oracle will collaborate for the purpose of developing new Oracle Products based on the AIA Framework powered by Oracle Fusion Middleware. ASM Technologies Ltd had earlier signed up with Cincom Systems, leading Global Software provider and one of the most experienced software companies in the World, to partner with Cincom to resell, implement and support Cincom’s Quote-To-Order (QTO) Product in India. Cincom's Quote-to-Order (QTO) software solutions for manufacturers of highly engineered products dramatically streamlines the Quote-to-Order and Order-to-Build process by automating complex, expert-dependent processes including: sales, pricing, quoting, design validation and product configuration thereby helping the manufacturers with increased quoting accuracy, increased customer face time, improvement in sales productivity, reduced engineering time, reduced order cycle and few other significant benefits. Cincom's QTO product consists of knowledge based applications covering product configuration, sales configuration, estimating & bidding, quote management; knowledge based application studio and enterprise integration with existing back end ERPs.
ASM Technologies Ltd also announced earlier that it has signed a definitive agreement to acquire 100% of Enterprise Software Resources (http://www.sapresources.com/) a US based firm, in an all cash deal. This acquisition is through ASM's wholly owned subsidiary in Singapore, Advanced Synergic Pte Ltd and financed by Indian Bank, Singapore.
An important point which is worth mentioning is that the EPS of the company for Half Year Ended, 30th September, 2008 is a whooping Rs.4.29. Considering that most of the software companies earn major part of their revenues in the Q3 and Q4, we can safely assume that the for the whole year, FY09, the EPS of the company would be around Rs.10. Hence if we give the shares a minimum P/E of 15 and then give a some discounting, the shares should trade around Rs.120, against the current market price of only Rs.31. However, if we consider the fact that, it is working in the niche area (including the lucrative defence space), the shares should command a minimum price of Rs.150.
source : sumanspeaks
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