* * * IAX: InternetAsia Indexes * * *
IAX: InternetAsia Index YTD
techstocks.com
IAX: InternetAsia Index 4-1-99 to date
techstocks.com
IAXC: InternetAsia Index Candidates only
FECC added at close April 19. KYOM added April 16. GCHC added April 14.
techstocks.com
Link to Asian Internet Stocks thread
Subject 27230
Link to Pacific Internet thread
Subject 24301
For traders, this note: PacNet's float is 3 million shares*. For investors, this note: PacNet is the first Asian Internet stock to be listed on the NASDAQ-AMEX. Also, PacNet is gaining analysts' interest on a weekly, perhaps daily basis.
(* Originally slated for 2.5 mm.
Short Take: Pacific Internet raises IPO share count, price range
By Reuters
Special to CNET News.com
December 28, 1998, 12:45 p.m. PT
Pacific Internet's IPO was raised to 3 million shares from 2.5 million shares, and the price range was raised to between 15 and 17 per share from between 13 and 15, lead underwriter Lehman Brothers said. The Singapore company, which offers Internet access in Asia, is expected to trade under the ticker symbol "PCNTF." )
quote.bloomberg.com
Information on Pacific Internet follows.
* * *
Pacific Internet Ltd. Rated New 'Buy' at Bear Stearns
Princeton, New Jersey, April 16 (Bloomberg Data) -- Pacific Internet Ltd. (PCNTF US) was rated ''buy'' in new coverage by analyst Daniel Widdicombe at Bear, Stearns & Co.
quote.bloomberg.com
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U.S. Equity Movers Final: Air Methods, Centex, Potomac Electric
New York, April 16 (Bloomberg) -- The Dow Jones Industrial Average rose to a fifth straight record as Eastman Kodak Co. soared on unexpectedly strong earnings. Two stocks rose for every one that fell on the New York Stock Exchange, the best performance in six weeks.
The Dow average gained 31.17, or 0.3 percent, to 10,493.89. The Standard & Poor's 500 Index slipped 3.85, or 0.3 percent, to 1319.00, and the computer-heavy Nasdaq Composite Index slumped 37.73, or 1.5 percent, to 2484.04. Some 230 stocks reached one- year highs, 156 fell to lows. It was the fourth time this week that highs outnumbered lows, a reversal of recent months.
... Pacific Internet Ltd. (PCNTF) rose 7 3/4, or 10 percent, to 83 3/4 and traded as high as 88. The Asia-Pacific Internet service provider was rated ''buy'' in new coverage by analyst Daniel Widdicombe at Bear, Stearns & Co.
quote.bloomberg.com
* * *
Apr. 12, courtesy of Herc.
Singapore Pacific Internet Doubles Space For User Homepages
SINGAPORE (Dow Jones)--Pacific Internet Ltd. (PCNTF) of Singapore said Monday that the disk space it allocates for the home pages of its users has been doubled.
Message 8860139
* * *
Pacific Internet Liked by Internet Fund Manager, Dow Jones Says
Bloomberg News
April 8, 1999, 11:37 a.m. PT
Singapore, April 8 (Bloomberg) -- Pacific Internet Ltd. is
one of five stocks favored by Alex Cheung, manager of the
Monument Internet Fund, which owns shares in the companies he
recommended, Dow Jones Newswires reported. Cheung said investors
shouldn't use traditional price valuations when examining
volatile Internet stocks and instead should focus on a company's
potential market size and its ability to keep customers. His
other stock picks are America Online Inc., Broadvision Inc., CMGI
Inc. and DoubleClick Inc., Dow Jones said.
Shares in Pacific Internet, Asia's first Internet-related
company to trade in the U.S., rose 11 to 62 in early afternoon
trading after hitting a high of 71 earlier.
(Dow Jones Newswires 4/8 wsj.com)
news.com
* * *
Steve Harmon's capsule analysis
April 3, 1999
pacific internet (pcntf) - let's look at the numbers:
pcntf millions valuations
mkt cap $667
98 $ $42 16x
subs 0.20349 $3,280 per subscriber
per sub value is a premium to average u.s. isps by about 50%, but pacnet is profitable and growing faster
revenues up 66% in 1998 and pacnet plans to acquire more isps in asia
i like this stock and story, with the industrial giant behind it
techstocks.com
* * *
Pacific Internet Company Profile
Business Summary
Pacific Internet Ltd. is a provider of internet access and related internet development of on-line and multimedia products and services. For the six months ended 6/30/98, total revenues rose 61% to SP$33.4 million. Net income totalled SP$6.1 million vs. a loss of SP$3.8 million. Revenues reflect increased revenues from dial-up access due to an increased number of subscribers. Earnings also reflect the ceasing of certain advertising and promotional activities.
Share-Related Items
Market Capitalization $644.4M
Shares Outstanding 12.3M
Float 2.50M
biz.yahoo.com
* * *
News links at Bloomberg.
Very good stuff.
quote.bloomberg.com
You will find these headline stories there.
4/16 17:31 U.S. Equity Movers Final: Air Methods, Centex, Potomac Electric
4/16 15:00 Pacific Internet Ltd. Rated New 'Buy' at Bear Stearns
4/8 19:53 SembCorp in a Rut Until Asset Sales: Taking Stock (Repeat)
4/8 17:19 U.S. Equity Movers Final: Chevron, Coca-Cola, Union Carbide
4/8 15:29 U.S. Equity Movers: Bush Industries, Firstcom, Pacific Internet
4/8 14:37 Pacific Internet Liked by Internet Fund Manager, Dow Jones Says
4/8 8:52 SembCorp in a Rut Until Asset Sales: Taking Stock (Update1)
4/8 4:18 SembCorp in a Rut Until Delivers Asset Sales: Taking Stock
4/1 0:22 HK Telecom, Eyes Asian Internet Expansion, Mulls Stock Listing
3/30 22:46 Pacific Internet May Consider Selling Stake to Propel Expansion
3/30 8:51 Pacific Internet May Consider Selling Stake to Expand
3/26 1:22 PacNet, Asia's 1st Internet IPO, Posts 1998 Profit (Update1)
3/26 1:22 PacNet, Asia's 1st Internet IPO, Posts 1998 Profit (Update1)
3/25 21:28 PACIFIC INTERNET ANNOUNCES FULL YEAR 1998 RESULTS
3/25 20:55 Pacific Internet, Asia's 1st Internet IPO, Posts 1998 Profit
* * *
Also some related stories at CNet/News.com. If the latest news isn't on Bloomberg, it sometimes can be found here.
news.com
* * *
Pacific Internet Revenues Rise
Friday March 26 8:18 AM ET
SINGAPORE (AP) - Pacific Internet Ltd (Nasdaq:PCNTF - news)., a Singapore Internet service provider listed on the U.S. Nasdaq composite stock index, announced Friday that its revenues rose 47 percent last year.
dailynews.yahoo.com
* * *
The Motley Fool Evening News
Mar 16, 1999 (6:40 PM ET) -
fnews.yahoo.com
* * *
Upgrades & Downgrades - March 16
(last updated 4:35pm Eastern U.S. time)
biz.yahoo.com
* * *
And one final note:
1 US$ = 1.73 SP$ (Singapore Dollar)
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