HK Asia Holdings Ltd, a provider of SIM cards targeting Filipino and Indonesian domestic workers in Hong Kong, has filed for an initial public offering on the city’s stock exchange.
The IPO application submitted to the Stock Exchange of Hong Kong explained how the company catered to Filipino and Indonesian workers’ high demand for local and international phone calls and mobile data services.
The company recorded HK$191.98 million (US$24.58 million) in revenue in its 2017 fiscal year, of which 66.7% came from Filipino maids and the rest from Indonesians.
Net profit for the past three fiscal years was HK$26.31 million in 2017, HK$23.01 million in 2016 and HK$26.78 million in 2015.
In the submitted information, the company cited a market research report that it had captured a market share of 37.5% and ranked first in the Hong Kong prepaid SIM card market targeted at Filipinos, while it enjoyed a 29.8% share of the market targeted at Indonesians, ranking second.
The company operates self-managed retail shops in Central and Causeway Bay on Hong Kong Island, as well as in Tsuen Wan and Yuen Long in the New Territories, where staff are able to speak Filipino and Indonesian.
It said it planned to open more self-managed retail shops in Mong Kok, Sha Tin, Mei Foo, Tsim Sha Tsui and Sheung Shui over the next three years.
I am a Filipino helper here and I am using their Sim.Now I realised they are very disrespectful to called us "maids". My employer are kind and never call me in that way.So upset to read this.
No discrimination here miss Violy, it only shows that the simcard (csl is good.i“ve been using it for years.cheap calls to pinas is clear and text is ok too.internet connection is fast too.service is good.
Araceli Godoy Galolo she’s probably referring to the word "maid" as a way of discrimating the helpers which is so belittling abd insensitive on our part as helpers considered the fact that where making a huge part of their revenus,, they probably don’t mean it,, but it’s the way it is????????????
Although I was also a maid in hong kong before and I’m proud of it,but using the word "maid" to describe filipinos is so mean,why not to say filipino workers because not all filipinos in hongkong are maids,though nothing is wrong being a maid but the choice of word is so wrong. They probably didn’t mean it but it’s offending.
Why not just accept the facts that we’re really a maid? What’s the big deal?
Lutchika Aquino, i`m a maid too in hk and i can accept that, but like what Hazel Ruth said not all Filipinos here in Hk are maids. So the appropriate word should be FILIPINO WORKERS!
And to Asia Times please use proper words in all your news to avoid discrimination. Thank you.
Remy Soliven Acbayaan true,especially they are talking about filipinos in general,if they are talking about filipinos in one room who are all maid then that’s fine,there’s nothing wrong being a maid and i’m proud of it.
Woah your so mean…
So if we are maids??.goodness..
Discrimination for using maids…Ashamed on your words..
Y not use filipino workers rather than maid..yeah we admit we are but who are you referring to..
We,us who gives a gross profit for your country as well..
Your words is to offending.
It would be better to say House keeper or House manager than Maid
nakakatulong pa ang mga filipino maids at Indonesia maid sa kanilang ekonomiya.
Pieter Nootenboom hahaha can’t accept the truth
haha, the nonsensical (as always) Filipinos are here again. everyone contributes to the economy just like you i-am-proud-to-be-a-maid Filipinos.
Lutchika Aquino I like your attitude!
Pieter Nootenboom, thank u
You are right in a way Violy Langihon. We can change our sim cards anytime. There is no limit to it, but Filipinos use CSL services because of its cheap rates. Internet connection is very satisfactory and unlimited. For 98 hk$, we can enjoy unlimited access of the internet for a month. This is helpful for us because we can call our families at home for free using messenger, Viber, Skype, wattsapp and other means of communication. Isn’t this great?
What’s the difference with the word " Maid, Helper and Worker ". It bore the same meaning … It is work. And why are we so bothered when they use the word Maid? That’s the truth. Let’s accept that it is what we are. It is our definition. Generally, maids comprises a large number. There are only a few Filipino residents compared to us maids so I guess they are in a way right to use the word Maid to describe the Filipinos using the service of CSL. By the way, I would encourage you my fellow Filipino domestic helpers to be proud of what we are. We are doing a decent job so let us be proud of who we are and what we are. Let us all love our job and serve our employers the best way we can.
so that’s it….a lot of Hk people be little Filipinos but instead they must be thankful , because Filipino workers here in Hong Kong helps them a lot regarding their economy.
This is the proofs that like us "maids" help to grow your economy,but we still facing discrimination,… Pls next time be careful to your mean words!