HONG KONG-based electronics company PC Partner Group began trading on the mainboard of the Singapore Exchange (SGX) on Friday (Nov 15) at S$0.85.
As at 11.08am, the counter had gained S$0.025 over its opening price to reach S$0.875, with 2,800 shares traded. It then eased slightly to S$0.865 as at the midday break, with a total of 12,900 securities having changed hands.
PC Partner, which manufactures computer electronics, is primarily listed on the Hong Kong Stock Exchange (HKSE).
On Nov 14, the company announced its secondary listing on the SGX, after having obtained regulatory clearance.
As at the close on Nov 14, shares of the group on the HKSE stood at HK$4.94 a share, or S$0.855 a share, based on exchange rates from Bloomberg data.
UOB was the issue manager for the listing transaction, with UOB Kay Hian in Hong Kong acting as the company’s financial adviser.
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Founded in 1997, PC Partner designs and manufactures consumer electronics and personal computer (PC) accessories. It also produces video graphics cards for PCs and provides electronics manufacturing services.
Based on the group’s interim report for 2024, its net profit for the first half ended Jun 30 stood at HK$194 million (S$33.5 million), up from HK$20 million in H1 FY2023.
This brings its earnings per share for the half year to HK$0.50, up from HK$0.052 in the year before.
Revenue for the H1 period grew 18.4 per cent year on year to HK$4.9 billion due to increased sales of Video Graphics Array cards, with a major part of the increase attributed to more ODM/OEM (original design manufacturing/original equipment manufacturing) orders.
