Key Developments: Hollysys Automation Technologies Ltd (HOLI.O)
11.25USD
17 May 2013
$-0.21 (-1.83%)
$11.46
$11.20
$11.35
$11.03
382,048
207,242
$14.86
$7.30
Latest Key Developments (Source: Significant Developments)
Hollysys Automation Technologies Ltd Lowers FY 2013 Guidance
Hollysys Automation Technologies Ltd announced that it is revising its previously communicated fiscal 2013 revenue guidance of $385 million to $410 million, down to $335 million to $355 million, and non-GAAP net income guidance of $63 million to $67 million, down to $57 million to $60 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $387 million and net income of $61 million for fiscal 2013. Full Article
Hollysys Automation Technologies Ltd Completes Acquisition of Bond Corporation Pte Ltd
Hollysys Automation Technologies Ltd announced that it has successfully completed its acquisition of Bond Corporation Pte. Ltd., and its group of companies. Full Article
Hollysys Automation Technologies Ltd Announces Contract Win To Provide Its Ground-Based High-Speed Rail Signaling Products To Chongqing-Lichuan Line
Hollysys Automation Technologies Ltd announced that it signed a contract to provide the Train Control Center (TCC) and Temporary Speed Restriction Server (TSRS) to Chongqing-Lichuan high-speed rail line. The contract is valued at approximately $6.54 million or RMB 40.98 million. The ground-based high-speed rail signaling system normally includes Train Control Center (TCC), Temporary Speed Restriction Server (TSRS), Line-side Electronic Unit (LEU), Balise and other auxiliary equipments. Followed by the contract win of providing LEU and Balise for Chongqing-Lichuan line in October 2012, Hollysys successfully signed this contract to provide the other portion of the ground-based signaling system for Chongqing-Lichuan line. Full Article
Hollysys Automation Technologies Ltd To Acquire Bond Corporation Pte. Ltd.
Hollysys Automation Technologies Ltd announced that it has signed a stock purchase agreement (SPA) to acquire 100% ownership of Bond Corporation Pte. Ltd. and its group of companies. The total consideration for the acquisition is a combination of cash and stock, aggregating an equivalent of approximately USD73 million, including a two-year incentive program payable in ordinary shares and additional incentive shares if Bond meets certain performance targets. Pursuant to the stock purchase agreement, Hollysys will pay a fully refundable cash deposit of USD16.39 million within one month after signing the SPA, and, after the closing, an additional USD5.51 million within 6 months after signing the SPA and USD14.6 million within 18 months after signing the SPA, respectively. Full Article
Hollysys Automation Technologies Ltd Reiterates FY 2013 Guidance
Hollysys Automation Technologies Ltd reiterated its guidance for fiscal 2013 with revenue in the range of $385 million to $410 million and non-GAAP net income in the range of $63 million to $67 million unchanged. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $389 million for fiscal 2013. Full Article
Hollysys Automation Technologies Ltd Announces High-Speed Rail Signaling System Contract Win for Xiamen-Shenzhen Line Guangdong Section
Hollysys Automation Technologies Ltd announced that it signed a contract to supply the ground-based signaling system to Xiamen -Shenzhen high-speed rail line Guangdong Section (this section) with a designed traveling speed of 200 km/h and 357 km in length. The contract is valued at approximately RMB 67.60 million or USD10.75 million . As per the terms of the contract, Hollysys will provide the ground-based high-speed rail signaling system, including Train Control Centers (TCC), Line-side Electronic Units (LEU), Balises and other auxiliary equipments, which are expected to be delivered and installed by October 2013 . Full Article
Hollysys Automation Technologies Ltd Announces Contract Valued USD19.14 Million by Singaporean Subsidiary
Hollysys Automation Technologies Ltd announced that its wholly owned subsidiary Concord Corporation Pte. Ltd. has signed a contract with Thales Solutions Asia Pte Ltd to provide design, installation, testing & commission for replacement of existing signaling systems of North-South and East-West lines (NSEWL) and new signaling systems of Tuas West Extension line (TWEL) in Singapore, the contract is valued at approximately USD19.14 million. There will be an optional contract of approximately USD $7.36 million for auxiliary installation, electrification works for the same lines, which is currently under negotiation. The re-signaling project of NSEWL and signaling project of TWEL will be commenced in December 2012, the installation works will be commenced in February 2013 and completed by April 2016. Full Article
Hollysys Automation Technologies Ltd's Concord Corporation Pte. Ltd. Announces SGD6.80 Million Contract Win
Hollysys Automation Technologies Ltd's Concord Corporation Pte. Ltd. announced that it has signed a contract with SMRT Trains Ltd in Singapore (SMRT) to provide design, electrification and installation service for North-South and East-West lines (NSEWL) stations renovation. The contract is valued at approximately SGD6.80 million, or $5.59 million, the project will be completed within eight months. This contract is for the renovation of NSEWL stations, and there will be another portion regarding the depots reconstruction valued approximately SGD4.20 million, or $ 3.45 million, which Concord is tightly following up. Besides, the stations and depots renovation is for the preparation of the whole lines resignaling project, this contract win puts Concord a pole position for winning this sizable resignaling project as well. Full Article
Hollysys Automation Technologies Ltd Reaffirms FY 2013 Guidance
Hollysys Automation Technologies, Ltd. reaffirmed fiscal 2013, it expects revenue in the range of $385 million to $410 million and non-GAAP net income in the range of $63 million to $67 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $391 million for fiscal 2013. Full Article
Hollysys Automation Technologies Ltd Issues FY 2013 Guidance Above Analysts' Estimates
Hollysys Automation Technologies, Ltd. announced that for fiscal 2013, it expects revenue in the range of $385 million to $410 million and non-GAAP net income in the range of $63 million to $67 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $377 million and net Income of $62 million for fiscal 2013. Full Article
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