Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GBT who wrote (54737)	2/11/1999 12:13:00 PM
From: Frost Byte	Read Replies (1) of 119973

FROM BLOOMBERG NEWS: (PCNTF) Pacific Internet Expects Profit in 4th Qtr to Exceed S$4 Mln Singapore, Feb. 11 (Bloomberg) -- Pacific Internet Ltd., which last week became Asia's first Internet-related company to trade in the U.S., expects profits in its fourth quarter to exceed the S$4 million ($2.4 million) it chalked up in the third. ''In Asia, the Internet penetration is actually very low (and) the opportunity for growth is very high,'' Chief Executive Nicholas Lee said in an interview. The final quarter's profit will give PacNet its first full- year profit in at least four years. PacNet, a unit of one of Singapore's biggest industrial groups, SembCorp Industries Ltd., started trading its shares in the U.S. Friday. Its shares rose more than five times its offer price of $17 a share in the first hours of trading. It rose 5 1/2 to 35 Wednesday. Lee said PacNet -- one of the three Internet service providers in Singapore -- expects business to continue to expand in spite of Asia's economic turmoil as more companies turn to the Internet for a cheaper way to communicate. PacNet plans to expand into India and Australia this year, either through acquisitions or setting up new companies. Taiwan, South Korea and China will follow. It has Internet operations in Hong Kong and Philippines and Singapore.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next