Neratel

In singapore, there are only 4 entity that require transceiver and nms in a island wide scale.
The 3 telco (for their 3g handset and cross island) and spf/scdf. The 3 telco have their own technical staff and buy most of their own equipment partner(eg huawei,cisco).
Spf/scdf coverage is maintain and support by ST elec.

(17-07-2012, 08:54 AM)WolfT Wrote: In singapore, there are only 4 entity that require transceiver and nms in a island wide scale.
The 3 telco (for their 3g handset and cross island) and spf/scdf. The 3 telco have their own technical staff and buy most of their own equipment partner(eg huawei,cisco).
Spf/scdf coverage is maintain and support by ST elec.

The technologies used for the telcos and spf/scdf are the same, but the nature of deployment is quite different.

We should never assume Neratel can provide similar service/product as Ericsson and Huawei. In other words, Neratel is not a competitor of the big 2 telecom service/product providers.

(17-07-2012, 08:54 AM)WolfT Wrote: In singapore, there are only 4 entity that require transceiver and nms in a island wide scale.
The 3 telco (for their 3g handset and cross island) and spf/scdf. The 3 telco have their own technical staff and buy most of their own equipment partner(eg huawei,cisco).
Spf/scdf coverage is maintain and support by ST elec.

Not very sure though but..

Huawei and Cisco wireless products are quite different from Nera. Nera offers long distance wireless infrastructures at very high RF frequency. (up to 60GHz) and directional.

Huawei and Cisco typically deal with frequencies that are less than 5GHz(800Mhz, 900Mhz, 1800MHz, 1900MHz , 2.4G...) that are deployed in large number in urban areas.(you probably can spot one easily in underground carpark). They are typically short range and unidirectional.

I suppose some Singapore offshore islands, light houses will have Nera kind of RF equipment installed.

(16-07-2012, 11:02 PM)hongonn Wrote: My google didn't return me this website, i was looking at this all the while. This new website looks much better and i start to catch some balls from the product and service section.

Nera Networks (that new site) was established on Jan-11. Something 'earth-shaking' (to NeraTel) happened on Jan-11 ie. Eltek sold Nera Network Norway to Ceragon, sold Nera brand + MENA rights to NeraTel,...+ what else??

What I think is Ceragon was only keen to buy over the R&D and manufacturing operations of Nera Network Norway. NeraTel thus 'benefitted' from that and may even have to provide support to other prior European customers (that may explain why there's Europe Revenue for FY11).

Quote:As for why local telco not in their client list, could it be as simple as local telco not allow vendors to feature them in the client list or any promotional materials? In some non disclosure agreement for the contract etc?

Also possible. I was pondering on AR2011 (pg91) extracts,

At the balance date,
– 44% (2010 : 69%) of the Group’s trade receivables in Singapore (2010: Singapore) are due from a reputable telecommunication service provider

Trade Receivables = $56,272,000 (FY11) & $39,199,000 (FY10)

(16-07-2012, 11:13 PM)Temperament Wrote: But at what good intrinsic value (p/e, etc..) will you plunked your money down? Actually i think you have put some money down already. After all you have done so much "due diligence."

Am not so good at computing intrinsic value. As I'd posted one week back, the key attraction to me was the High Yield (looks sustainable by FCF), High Cash, Negligible Debts. The PE don't look that great for a small caps and I'm ok even if no growth. Yes, I already plonked in some $$, had to quickly add on to the limited info I had (did some homework when STEng announced their Scheme Offer as I was vested in STEng) before my itchy fingers went out of control..

At current prices, you have to make your own decision. Looking at their historical price chart from Yahoo Finance, looks like a cd/xd kind of stock but I won't be trying that as I'm a newbie here.

(17-07-2012, 06:58 AM)yeokiwi Wrote: http://www.neraphil.com/microwave1.htm

The above website shows the capabilities of nera products.
Singapore Telcos rarely need to employ these solutions since we have massive underground cable networks to provide end-to-end communications.
However, in many remote places in South East Asia, laying underground cables are not too practical and much more expensive than using microwave solutions.

Hey! Great info!
At the same time, I think you're also correcting the misconception of your 'quick hand quick leg' comment. My interpretation is 'Quick Leg' run to the PC/NB, 'Quick Hand' use Google/Bing/... to do more research, before tapping in any orders... after 'Quick Eyes' do rapid readings and 'Quick Brain' make decision based on risk-reward conjured from the air...

(17-07-2012, 09:28 AM)yeokiwi Wrote:

(17-07-2012, 08:54 AM)WolfT Wrote: In singapore, there are only 4 entity that require transceiver and nms in a island wide scale.
The 3 telco (for their 3g handset and cross island) and spf/scdf. The 3 telco have their own technical staff and buy most of their own equipment partner(eg huawei,cisco).
Spf/scdf coverage is maintain and support by ST elec.

Not very sure though but..

Huawei and Cisco wireless products are quite different from Nera. Nera offers long distance wireless infrastructures at very high RF frequency. (up to 60GHz) and directional.

Huawei and Cisco typically deal with frequencies that are less than 5GHz(800Mhz, 900Mhz, 1800MHz, 1900MHz , 2.4G...) that are deployed in large number in urban areas.(you probably can spot one easily in underground carpark). They are typically short range and unidirectional.

I suppose some Singapore offshore islands, light houses will have Nera kind of RF equipment installed.

To add-on

Huawei and Ericsson product is for end-users, while Neratel product is for point-to-point connection for access points

Local telcos may use Neratel product to complete the last mile of the overall island-wide coverage requirement e.g. remote islands and locations

(17-07-2012, 09:28 AM)yeokiwi Wrote:

(17-07-2012, 08:54 AM)WolfT Wrote: In singapore, there are only 4 entity that require transceiver and nms in a island wide scale.
The 3 telco (for their 3g handset and cross island) and spf/scdf. The 3 telco have their own technical staff and buy most of their own equipment partner(eg huawei,cisco).
Spf/scdf coverage is maintain and support by ST elec.

Not very sure though but..

Huawei and Cisco wireless products are quite different from Nera. Nera offers long distance wireless infrastructures at very high RF frequency. (up to 60GHz) and directional.

Huawei and Cisco typically deal with frequencies that are less than 5GHz(800Mhz, 900Mhz, 1800MHz, 1900MHz , 2.4G...) that are deployed in large number in urban areas.(you probably can spot one easily in underground carpark). They are typically short range and unidirectional.

I suppose some Singapore offshore islands, light houses will have Nera kind of RF equipment installed.

I am not talking about those wireless router u use at home and i am not say nera is selling e same equipment like wireless router.
The main equipment are by mainly motorola,Nec,EADS. huawei is up and coming in new telecom equipment(they make almost anything).
Telco does not use simple wireless for normal in-door 3G coverage.They have repeaters in shopping ctr (covered area)and leaky cable for mrt.
I can only say so much in a public domain...

to add on
I talk about huawei and cisco as a (Business)partner. mainly because back end are still supported by switches and routers.
(Vested since 12july)

(16-07-2012, 11:13 PM)Temperament Wrote: But at what good intrinsic value (p/e, etc..) will you plunked your money down? Actually i think you have put some money down already. After all you have done so much "due diligence."

KopiKat wrote:
Am not so good at computing intrinsic value. As I'd posted one week back, the key attraction to me was the High Yield (looks sustainable by FCF), High Cash, Negligible Debts. The PE don't look that great for a small caps and I'm ok even if no growth. Yes, I already plonked in some $$, had to quickly add on to the limited info I had (did some homework when STEng announced their Scheme Offer as I was vested in STEng) before my itchy fingers went out of control..

At current prices, you have to make your own decision. Looking at their historical price chart from Yahoo Finance, looks like a cd/xd kind of stock but I won't be trying that as I'm a newbie here.

TEMP wrote:
"HIGH CASH,Negligible Debts"

Well, this company has been in operation for more than 10 years. It's historical prices were quite sporadic, so it is understandable difficult to judge it's intrinsic value, especially in extreme market's excesses period.
Yeah, agree buy for dividend yield.

Huawei had became one of the global leader in mobile network equipment provider with large deployment of UMTS/HSPA and LTE/EPC commercial networks worldwide.

Huawei also had a significant present in Malaysia. I knew Huawei had thousands of staff in KL in the last few years for projects. The company rented a whole condo in KL to house the engineers.

Here is additional news on Huawei

CYBERJAYA: Datuk Seri Najib Tun Razak today opened the Huawei Malaysia Global Training Centre (MGTC) -- the first global ICT training centre of its kind outside China.

http://www.nst.com.my/top-news/najib-ope...re-1.94416#

(17-07-2012, 10:53 AM)Temperament Wrote:

(16-07-2012, 11:13 PM)Temperament Wrote: But at what good intrinsic value (p/e, etc..) will you plunked your money down? Actually i think you have put some money down already. After all you have done so much "due diligence."

Am not so good at computing intrinsic value. As I'd posted one week back, the key attraction to me was the High Yield (looks sustainable by FCF), High Cash, Negligible Debts. The PE don't look that great for a small caps and I'm ok even if no growth. Yes, I already plonked in some $$, had to quickly add on to the limited info I had (did some homework when STEng announced their Scheme Offer as I was vested in STEng) before my itchy fingers went out of control..

At current prices, you have to make your own decision. Looking at their historical price chart from Yahoo Finance, looks like a cd/xd kind of stock but I won't be trying that as I'm a newbie here.

"HIGH CASH,Negligible Debts"

Well, this company has been in operation for more than 10 years. It's historical prices were quite sporadic, so it is understandable difficult to judge it's intrinsic value, especially in extreme market's excesses period.
Yeah, agree buy for dividend yield.

ok. I am not disagreeing with you on the high yield, low debt part. It's fundamentals are quite strong but I realised that the dividend payout ratio is more than 100%. This would probably mean that the growth would not be great as most earnings have been given away as dividend. Not suitable for those who are looking for growth.

(17-07-2012, 11:52 AM)Some-one Wrote:

(17-07-2012, 10:53 AM)Temperament Wrote:

(16-07-2012, 11:13 PM)Temperament Wrote: But at what good intrinsic value (p/e, etc..) will you plunked your money down? Actually i think you have put some money down already. After all you have done so much "due diligence."

Am not so good at computing intrinsic value. As I'd posted one week back, the key attraction to me was the High Yield (looks sustainable by FCF), High Cash, Negligible Debts. The PE don't look that great for a small caps and I'm ok even if no growth. Yes, I already plonked in some $$, had to quickly add on to the limited info I had (did some homework when STEng announced their Scheme Offer as I was vested in STEng) before my itchy fingers went out of control..

At current prices, you have to make your own decision. Looking at their historical price chart from Yahoo Finance, looks like a cd/xd kind of stock but I won't be trying that as I'm a newbie here.

"HIGH CASH,Negligible Debts"

Well, this company has been in operation for more than 10 years. It's historical prices were quite sporadic, so it is understandable difficult to judge it's intrinsic value, especially in extreme market's excesses period.
Yeah, agree buy for dividend yield.

ok. I am not disagreeing with you on the high yield, low debt part. It's fundamentals are quite strong but I realised that the dividend payout ratio is more than 100%. This would probably mean that the growth would not be great as most earnings have been given away as dividend. Not suitable for those who are looking for growth.

Yes, it is >100% payout base on EPS but only 70% payout base on FCF. In past 5 years, the Free Cash Flow generated is actually sustainable for 3 or 4 cents annual dividend.

(vested)