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2003 results briefing
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tarix | 26.09.2018 | ölçüsü | 0,96 Mb. | | #70650 |
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CORPORATE PROFILE
WHO WE ARE One of the largest international traders of electrical and electronic goods in Singapore with integrated logistics capabilities Specialist in global emerging markets – global network spanning 60 countries Brand development – house brand AKIRA
OUR BUSINESS Two Core Segments: Retail & Distribution - Public & Distributors / Dealers
Trading Two Supplementary Segments: Third-party Warehousing & Logistics Services - Inventory management, cargo transportation, custom documentation, etc for clients;
- State-of-the-art Automated Storage and Retrieval System
OUR BUSINESS Knowledge-based Business Brand Builder Diversified Global Operations, mostly in niche markets Integrated Trade and Logistics Solution provider
Trading Network: - ASEAN
- East Asia
- Africa and Middle East
- CIS, Russia and Eastern Europe
- Others
Retail Network: - Cambodia, Myanmar and Singapore
Comprehensive Range
CURRENT OUTLOOK Hope of post-Iraq War recovery dampened by impact of recent SARS outbreak Current challenging business environment to continue into FY2004 Continue with present strategies for Branded Trading & Distribution and AKIRA business
ANNOUNCEMENTS - DEVELOPMENTS STRATEGIES FOR GROWTH
ANNOUNCEMENTS TT International Awarded Global Trader Programme (GTP) Status - By IE Singapore
- 5 years effective 1 October 2002
- Concessionary tax of 10% on qualifying income
ANNOUNCEMENTS Strategic Acquisition 49% stake in Cabletron Electronics (M) Sdn Bhd - Manufacture of competitively priced CTV, VCD and DVD including OEM and ODM products
- Located in Sungei Petani, Kedah, Malaysia
- Cost of Investment RM 1 million (with additional investment if target is met)
- Considered a subsidiary
Rationale: Opportunity for TT to springboard a new core activity - Localised assembly
- Original Design Manufacturing (ODM)
CABLETRON PROFILE ODM for a few hyper-stores in Malaysia Design of software and hardware solutions for CTV, working with Philips to offer design to CTV manufacturer Licensed Manufacturing Warehouse status & CEPT permit Most products qualify for ASEAN Free Trade Export status Strong in-house design capabilities complement TT core businesses Strategy: - Sell directly to hyperstores, e.g., Tesco, Giant, Mydin and The Store
- Opportunity from out-sourcing of after-sales and repairs by hyper-stores
Develop and strengthen AKIRA brand - Establish AKIRA International Marketing Division in Spore to develop global marketing strategies and expand product range
- Establish spare parts & after sales services in Spore HQ to support global after sales services
- Establish QC team to ensure quality of products
STRATEGIES FOR AKIRA Further increase existing market share of AKIRA & other brands in - Middle East & Africa
- ASEAN (East & West Malaysia, Indonesia)
- Russia & Eastern Europe
To leverage on our knowledge of each market To expand market coverage of AKIRA to more than 60 countries
OVERALL GROWTH STRATEGIES - TT becomes the vital link in the value chain of TT’s Principals with the consumers in each local markets
- Set up local sub-assemblies in regional hubs
- Assimilated knowledge on workflows from current experience for some principals
- ODM Subsidiary Cabletron’s expertise and track record
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