SUNeVision Holdings Ltd. (HKG: 8008) is an investment holding company. The Company operates in three segments. Data centre and information technology (IT) facilities cover the provision of data centre, facilities management, Web applications and value added services. satellite master antenna television/communal aerial broadcast distribution (SMATV, CABD) structural cabling and security systems comprise installation and maintenance services for the respective systems. Properties/Venture Capital holding compose of investment properties which generate rental and other related income. Its subsidiaries include iAdvantage Limited, SUNeVision Super e-Technology Services Limited, Riderstrack Development Limited and Splendid Sharp Limited.
iAdvantage - HK$414.6 million in 2010 or 75% if 2010 Revenue
Super e-Technology & Super e-Network - HK$97.2 million in 2010 or 17.5% of 2010 Revenue
Venture Capital - HK$42.5 million in 2010 or 7.5% of 2010 Revenue
SUNeVision has two primary business segments: Data Infrastructure and Investments. Within Data Infrastructure, it's iAdvantage business serves as a major operator of carrier-neutral data centre services in Hong Kong. It's Super e-Technology business provides infrastructure for maintenance sector of the security, surveillance and SMATV industries. It's Super e-Network provides residential broadband and wireless LAN infrastructure. It's Investments segment actively invests in equity technology investments as well as properties.
SUNeVision recorded a profit of HK$360.1 million in 2010. Excluding the effects of fair value changes and one-time disposal gain on investment properties, underlying profit was HK$236.5 million, an increase of 34% from 2009. Revenue was HK$544.0 million, an increase of 4.2% from 2009. In terms of gains on the revaluation of investment assets, investment properties were independently revalued as of 30 June 2010, resulting in a revaluation surplus of HK$68.0 million. The surplus in 2010 was substantially higher than the HK$4.1 million revaluation surplus in 2009, which is in line with prevailing market conditions in Hong Kong.
The Hong Kong government has announced a commitment to cloud computing to re-provision its central IT infrastructure and services over the next five years. Hong Kong's Office of the Government CIO has formulated a pan-government strategy setting out the major programmes to facilitate the Fragrant Harbour administration's transition to cloud computing. The transition would require data centre support which SUNeVision could provide.
The estimated non-recurrent government expenditure of computerization in 2011-12, should amount to HK$1.74 billion (US$223 million) - 45 per cent above the revised estimate of HK$1.2 billion (US$154 million) in the 2011 financial year, an increase in potential business for SUNeVision.
Across the globe there is increased spending by organizations on network infrastructure. The trend is seen mainly due to the need for faster access to data over the network. Organizations are also experiencing a huge rise in the amount of organizational data that is being transferred across the network. The resulting increase in technologies is driving the demand for data center racks.
SUNeVision's principal business is in the data infrastructure industry, providing data centre solutions to companies and maintaining technology infrastructure for the security, surveillance, SMATV and internet sectors.
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