Friday, February 9, 2018

Now Corporation (NOW)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Now Corporation (NOW)
Sector
Services
Incorporation Date
Jun 05, 1996
Subsector
Information Technology
Number of employees
 (Group Total)
Board of Directors
Chairman: Thomas G. Aquino
Website / E-mail
www.now-corp.com / info@now-corp.com
2. Stock Information
Total Assets
1,605,628,772
Market Capitalization
4,233,206,596.50
Total Liabilities
256,030,057
Outstanding Shares
1,517,278,350
Retained Earnings
-427,612,525
Listed Shares
1,517,278,350
Listing Date
Jul 23, 2003
Issued Shares
1,517,278,350
Board Lot
1,000
Free Float Level (%)
18.11%
Par Value
1.00
Foreign Ownership Limit
100%
3. Major Stock Holders (common shares)
Top Mega Enterprises, Limited
Gamboa Holdings, Inc.
Emerald Investments, Inc.
Velarde, Inc.
22.60%
14.83%
19.78%
13.21%
4. Company Descriptions and Business Development
Notes
1. Now Corp. planed to acquire Now Telecom Inc., but because of the PSE rule it couldn’t. Now Telecom, Inc. is just a partner of NOW for now even though it may be a subsidiary in the future. The major shareholders of these two companies are same.
Overview
It is engaged in IT related service businesses. NowPlanet.TV (“NowPlanet.TV”) is the digital media brand of the Company.  WebsiteExpress.Biz (“WebsiteExpress.Biz”) is a one-stop shop website development service. It recently shifted its operations into Telecommunications, Media and Technology (TMT). These include telecommunications value-added service (VAS) to engage in wired and wireless, fixed and mobile communications. It plans to expand its service offerings with the introduction of its “Fiber-in-the-Air” fixed wireless broadband service and wireless cable TV service through its partnership with NOW Telecom Inc. and News and Entertainment Network Inc,. (“Newsnet”, a cable TV operateor)


Business
Revenue contribution in 2016

IT Manpower and Resource
Software
Broadband
Service Fees
43,412,235
41,230,381
5,981,141
Sales

13,048,685


42%
52%
6%

IT Manpower and Resource Augmentation provides deployment of IT professionals to clients.
Software Licenses and Services provide high value products and services to clients.
Broadband Services provide high-speed broadband service of up to 700 Mbps to clients.

Subsidiaries / Associates / Affiliates / Joint Ventures
NOW Telecom Company, Inc. (“NOW Telecom”) is the Cellular Mobile Telephony System (CMTS) license holder. Its application for CMTS and broadband frequencies are pending in NTC (National Telecommunications Commission)
 I-Resource Consulting International, Inc
J-Span IT Services, Inc

+++++++++++++++++++++++++++++++++++++++++

MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...