Monday, November 30, 2020
Martin Hennecke
HKEx Stock Code : 01803 
Corporate Profile
The group is an air freight solution provider positioned in the wholesale market, with an operating history since 1991. The group's business model principally involves purchasing air cargo space from airlines and/or integrated carriers and on-selling such space to its customers, namely freight forwarders.

Business Review - For the year ended December 31, 2012

The Group's strategic position in the wholesale market has enabled it to secure a large number of freight forwarder clients. Indicative of the strong alliances that have been built, the Group handled approximately 42,689 tons of cargo during the reporting year. Of the more than 1,000 customers that the Group served in 2012, the top 100 accounted for approximately 70% of total sales. In addition to their important contribution to the Group's revenue, the strong customer base also provides leverage for the Group to bolster business ties with airlines and integrated carriers.

The on-selling of air cargo space has continued to principally involve outbound air routes, departing from Hong Kong, Macau, China, Taiwan, Japan and Korea to a vast number of global destinations. As at the reporting year, the Group was responsible for the marketing and on-selling of air cargo space assigned by more than 40 airlines and integrated carriers. Through the ability to bundle different air routes from the aforementioned parties, the Group is able to formulate ideal air cargo solutions that encompass the most competitive schedule and price for our customers.

Having continued to realise revenue and profit growth, it is clearly evident that the Group's competitive strengths are valuable during both peaks and troughs in the market. Consequently, the Group will continue to capitalise on these strengths, which include its self-sustaining business; intermediary position in the wholesale market; expansive network of air cargo routes; strategic focus on the deferred air freight segment, particularly in developing countries; and highly experienced management team.

Business Outlook - For the year ended December 31, 2012

Consistent with the Group's objective of becoming a premier air freight solutions provider in Asia, it will persist with the strategy to further augment its service network in Asia, China and Europe through the opening of additional branches and subsidiaries. This will allow the Group to enhance services delivered by local workforce since it would back expansion efforts with additional administrative support. Complementing service network expansion will be extension of air cargo routes to the same regions aforementioned. To realise this goal, the Group will leverage its healthy association with a number of airlines, and will consider establishing new alliances as well. Concurrent with all of these efforts, the management will look to explore and tap niche markets, particularly in developing countries, as well as seek to bundle different airline products to create new business opportunities. Also with the innovative ideas in mind, the Group will advance its e-platform booking system, which, along with raising the efficiency of the booking process, will help accommodate the logistical needs of e-commerce and internet shopping business models.

Source: ASR Holding (01803) Annual Results Announcement
Chairman Yu Ho Yuen, Sunny Issued Capital (shares) 800M
Par Value HKD 0.005 Market Capitalisation (HKD) 560M
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