IPS SECU 10/10/22, 7:04 PM | Annual Reports and Related Documents:: |
Issuer & Securities
Issuer/ Manager
IPS SECUREX HOLDINGS LIMITED
Securities
IPS SECUREX HOLDINGS LIMITED - SG1BJ0000005 - 42N
0
Stapled Security
No
Announcement Details
Announcement Title
Annual Reports and Related Documents
Date &Time of Broadcast
ANNUAL REPORTS AND RELATED DOCUMENTS:: 10-Oct-202218:59:21
Status
New
Report Type
Annual Report
Announcement Reference
SG221010OTHRCY8H
Submitted By (Co./ Ind. Name)
Kelvin Lim Ching Song
Designation
Executive Director and Group Chief Executive Offcer
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
Please refer to the attached.
Additional Details
Period Ended
30/06/2022
Attachments
IPS Securex Annual Report 2022.pdf
Total size =4934K MB
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S E C U R I T Y | + | E F F I C I E N C Y |
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C O N T E N T S
CORPORATE PROFILE
CHAIRMAN'S STATEMENT
GROUP CHIEF EXECUTIVE OFFICER'S STATEMENT
BOARD OF DIRECTORS
MANAGEMENT TEAM
FINANCIAL HIGHLIGHTS
FINANCIAL AND OPERATIONS REVIEW
OUR BUSINESSES
OUR DISTRIBUTION RIGHTS
HOMELAND SECURITY PRODUCTS
GENERAL SECURITY PRODUCTS
SUSTAINABILITY REPORT
CORPORATE INFORMATION
FINANCIAL CONTENTS
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Get more information online
A pdf of the full Annual Report and further information about the Group and our businesses can be found online at our website: www.ips-securex.com
This Annual Report has been prepared by IPS Securex Holdings Limited ("Company") and has been reviewed by the Company's sponsor, United Overseas Bank Limited ("Sponsor"), for compliance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.
This Annual Report has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this Annual Report, including the correctness of any of the statements or opinions made or reports contained in this Annual Report.
The contact person for the Sponsor is Mr. David Tham, Senior Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, Telephone: +65 6533 9898.
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C O R P O R A T E P R O F I L E
- LEADING ONE-STOP SECURITY SOLUTIONS PROVIDER WITH A SIGNIFICANT AND ESTABLISHED REGIONAL MARKET
IPS Securex Holdings Limited ("IPS Securex" or the "Company" and, together with its subsidiaries, the "Group") has established itself as one of Singapore's leading providers of security products and integrated security solutions to commercial entities and government bodies and agencies in the Asia-Pacific.
The Company was listed on the Catalist of the Singapore Exchange Securities Trading Limited ("SGX-ST") in 2014. Since 2000, the Group has been providing a diverse base of customers with security products and integrated security solutions which are deployed to address various security requirements, including checkpoint security, law enforcement and the protection and surveillance of buildings and critical infrastructure.
Carrying over 100 types of security products, the Group has distribution rights for certain products spanning across 17 countries in the Asia-Pacific including Singapore, Cambodia, Brunei, Vietnam, Indonesia, Malaysia, Thailand, Myanmar, Philippines, Laos, China (Hong Kong and Macau), Australia, India, Sri Lanka, Japan, South Korea and Taiwan.
As a one-stop service provider that designs, supplies, installs, tests, commissions, maintains and leases security products and integrated security solutions, the Group has built an accomplished and thriving reputation in the security products and solutions industry.
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C H A I R M A N ' S S T A T E M E N T
DEAR SHAREHOLDERS,
On behalf of the Board of Directors (the "Board" or the "Directors") of IPS Securex Holdings Limited ("IPS Securex" or the "Company" and, together with its subsidiaries, the "Group"), I am pleased to present the Annual Report of the Company for the financial year ended 30 June 2022 ("FY2022")("Annual Report").
EMERGING TRENDS
Terrorism in Southeast Asia has experienced a steep decline in recent years after the onset of the COVID-19 pandemic in 2020. Furthermore, geo-political issues like the climate crisis, the Myanmar coup, the Russia-Ukraine war, and competitive tensions between China and the U.S., for example have also dwarfed the relative severity of terrorism. However, a momentary lull in attacks does not mean the lack of a threat, as analysts have noted that terrorist groups in Southeast Asia have ceased combat operations during the pandemic and kept a lower profile in order to regroup. The face of terrorism is also changing, with an increasing number of female jihadis having a growing role.1
The terrorism threat to Singapore remains high and while there is currently no specific intelligence of an imminent terrorist attack, Singapore continues to feature as a target on terrorist propaganda. With the relaxation of pandemic restrictions and resumption of cross-border travel, there is a concern that terrorist elements may become more active and revisit plots that had previously been put on hold. The threat from Islamist terrorist groups and their violent ideology will continue to persist, as their network of supporters continues to disseminate propaganda, raise funds and plot attacks. Ongoing developments in places like the Middle East, Afghanistan and Ukraine, could also affect Singapore's security landscape as extremists can exploit such conflicts and tap on grievances to promote their radical narratives and recruit supporters.2
As the geopolitical situation around the world continues to worsen, its effects on a global economy still coping with the COVID-19 pandemic, are becoming more apparent daily. The ongoing Russia-Ukraine war for example is creating an energy crisis, and is having an impact on the European continent, both militarily and economically. The competitive tensions between the US and China have recently escalated and is causing ripple effects felt in Asia and the rest of the world. Furthermore, numerous political hotspots around which are not often in the media limelight, continue to make the job of the United Nations extremely difficult.3
In response to rising geopolitical tensions, countries in Asia are increasing their defence spending. For example, South Korea's 2023 defence budget has increased 4.6% from 2022 to US42.1 billion4, Taiwan is proposing to increase its defense spending by 14% to S$27 billion in 20235, and Japan is set to double its defence spending over the next five years from this year's S$55 billion6. In Southeast Asia, religious extremist militants continue to be a security concern for governments and law enforcement agencies7. In order to deal with evolving and emerging threats, Singapore has announced a 6.5% increase in its 2022 defence budget to S$16.4 billion as part of its SAF 2040 vision for its armed forces8.
In addition to the effects of geopolitics and religious extremism, political instability is also on the rise due to the widening socio-economic gap between the rich and poor, and as high inflation and recent climate disasters further fuel more dissatisfaction with policy makers. This confluence of so many factors cause greater market uncertainty, volatility and disruption. Overall, this acts to raise security concerns for countries emerging from the COVID-19 pandemic, and these concerns will need to be addressed. This situation presents more potential opportunities for the Group, as it creates a further impetus for the enhancement of the
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Disclaimer
IPS Securex Holdings Ltd. published this content on 10 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2022 07:41:06 UTC.
