Think market got not much money to buy stocks, or save with the banks.  Who don't want to make money when there is dividend and mostly higher than the bank pays?  My conclusion is people don't have much spare money.  Either lost too much, spent too much, gamble too much, borrowed too much.  So they don't care about making money from dividends or bank interests. They want to find a quick way.. that is gamble to lose! Haha as MM said, don't know why people want to lose money in Casinos.  He forgot to mention the stock market can also suckyour money, you know?.

AZEUS Financial Review Extracted from SGX Website

 

As a result of an across-the-board improvement in revenue from the Group’s three

 

core business segments – IT Services, Maintenance and Support Services, and

 

Business Process Outsourcing (“BPO”) – Group revenue increased 16% to HK$41.1

 

million in 1HFY2010 from HK$35.5 million in the previous corresponding period

 

(“1HFY2009”).

 

Revenue from the Group’s major revenue contributor, IT services was up 28% in

 

1HFY2010 to HK$24.3 million from HK$19.0 million in 1HFY2009. The better

 

performance was due to a higher percentage of completion of two major contracts

 

secured in previous years. IT services accounted for 59% of total revenue during the

 

period under review.

 

The Group’s Maintenance and Support services segment climbed by 2% to HK$11.8

 

million in 1HFY2010 compared to HK$11.6 million in 1HFY2009 as a result of an

 

increase in the value of contracts upon yearly renewal. This segment represented

 

29% of Group revenue.

 

The Group’s BPO segment also registered growth during the half year under review,

 

with a 4% increase in revenue to HK$5.0 million from HK$4.8 million in 1HFY2009

 

due to the number of headcount that was outsourced during the year. The BPO

 

segment contributed to the remaining 12% of total revenue for the period.

 

Cost of sales for the half year was higher by HK$3.8 million or 19% to HK$24.0

 

million from HK$20.2 million in 1HFY2009.

 

Excluding third party hardware and software sales, which commanded lower profit

 

margin as compared to other IT services, and repair and maintenance cost, which

 

was reclassified as cost of sales from administrative expense, gross profit margin

 

increased by three percentage points to 46% in 1HFY2010.

 

Net margin was up 8.3 percentage points to 12.9% in 1HFY2010 from 4.6% in

 

1HFY2009 with the increase in bottomline.

 

Administrative and other operating expenses declined 21% or HK$2.0 million during

 

the period under review mainly due to the reclassification of repair and maintenance

 

cost of HK$1.7 million to cost of sales and lower legal and professional fee.

 

The Group maintained a strong cash position of HK$58.8 million as at September 30,

 

2009.

 

Outlook

 

Added Mr Lee (Azeus CEO): “As a prudent response to the financial turmoil and resulting

 

recession, we have cautiously reviewed our business strategy, focus and operations

 

and have undertaken measures to control the Group’s cost structure while also

 

maintaining the efficiency of our business operations.”

 

In light of the downturn, the Group is optimistic that its continued investment in the

 

training and development of the skills of its employees across various technologies

 

and domains will equip it with a competitive edge when the economy recovers.

 

In addition, with its proven technology, the Group will be looking for strategic

 

partnerships with companies searching for proven solutions to be incorporated into

 

new products and services, and will also be exploring opportunities to generate new

 

revenue streams with its library of intellectual assets developed over the years.

 

As the Group continues to monitor its performance closely, it remains focused on

 

sustaining its market share in the Hong Kong public sector and expects contracts

 

from the Hong Kong Government to continue to be the Group’s main growth driver.

 

“We are confident that our greater operational efficiency, reinforced staff strength,

 

established track record as well as CMMI-SW Level 5 accreditation will put us in

 

good stead going forward,” Mr Lee concluded.