Sunevision Holdings designs, installs and maintains network infrastructure systems in residential buildings. It also engages in the development of fibre optics and other broadband networks. The company, the technology arm of Sun Hung Kai Properties, recently returned a net profit of HK$16.4 million for the first quarter of its financial year. Turnover, however, fell 7.3 per cent to HK$61.25 million for the three months to September 30. Sunevision's core business, iAdvantage, which has an occupancy rate of 55 per cent in Hong Kong and China, continued to see an improvement in customer base, with new clients such as NTT Com Asia and China Motion Telecom, KGI Asia said. 'With the addition of new multinational and local clients to iAdvantage, it reflects that there is still demand for Internet data services,' KGI Asia said. 'Hence, we are cautiously optimistic on their outlook.' KGI Asia maintained its 'trading buy' recommendation on the counter. Graphic: NOW17gwz
