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Read more about Synagie Founders’ interview with The Edge Singapore – How Synagie targets both MNCs and SMEs keen on regional e-commerce growth
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Synagie to Provide Brand Store Management Services for Lazada in Southeast Asia
- Synagie to manage and operate brand stores for or on behalf of Lazada on Lazada’s online marketplaces across Southeast Asia
Singapore, 20 August 2019 – Synagie Corporation Ltd. (SGX: V2Y) (“Synagie”, “思腾控股有限公司”, the “Company”, or the “Group”), Southeast Asia’s leading e-commerce enabler, is pleased to announce that its wholly-owned subsidiary, BTFL Pte Ltd has signed a binding Memorandum of Understanding (“MOU”) with Lazada South East Asia Pte Ltd and Lazada Services South East Asia Pte Ltd (collectively, “Lazada”), to provide services for or on behalf of Lazada in relation to the management and operation of brand stores on Lazada’s online marketplaces in Southeast Asia.
Co-founder & Executive Director of Synagie, Ms Olive Tai said, “We are honoured to be appointed as a regional Lazada Partner to provide our expertise to help manage Lazada’s online store operations. This is a first-of-its-kind partnership that we believe will be a game changer for Southeast Asia e-Commerce. Brands and businesses will be empowered with tools to help them ride the massive growth of e-Commerce in the region.”
Sinostar PEC reports 1H2019 performance
- Revenue rose 84% Y-o-Y to RMB 1.9 billion mainly attributable to contributions
from its newly acquired subsidiary, Dongming Qianhai - Recorded a Net Profit of RMB 33.7 million
Sinostar PEC Holdings Limited (SGX: C9Q) (“Sinostar PEC” or the “Group”), one of the largest producers and suppliers of downstream petrochemical products within the Shandong Dongming Petrochemical Industrial Zone, today announced its financial results for its half year ended 30 June 2019 (“1H2019”), recording a net profit of RMB 33.7 million.
Mr Zheng Liucheng, Chief Executive Officer and Executive Director of Sinostar PEC, commented, “As we advanced into the coming quarter, we remain conservative amidst the macro uncertainty and slowdown in global growth. Nonetheless, we remain positive on the Group’s long-term outlook and demand for our products. We will continue to improve our cost efficiency and manage our cashflow and gearing carefully as we navigate through this challenging time.”
MM2 ASIA REPORTS CONTINUED MOMENTUM IN CORE AND CINEMA BUSINESSES
- Recorded revenue of S$49.0 million in 1QFY2020 bolstered by steady improvements in core and cinema businesses;
- EBITDA rose significantly by 37.5% Y-O-Y to S$25.0 million;
- Net profit stood at S$7.5 million in 1QFY2020;
- Maintained momentum with a solid pipeline of core business projects for FY2020, with a constant lookout for potential stakeholders to invest in the lineup of projects;
- Robust lineup of concerts/theme shows in event and concert business segment for subsequent quarters
mm2 Asia Ltd. (“mm2 Asia”, “mm2 全亚影视娱乐有限公司” or collectively with its subsidiaries, the “Group”), today announced its financial results for the three months ended 30 June 2019 (“1QFY2020”).
Chief Executive Officer of mm2 Asia, Mr Chang Long Jong (章能容), commented on the Group’s results, “Despite the challenging and onerous business environment, we performed encouragingly in 1QFY2020, with higher revenue contributions from our core and cinema businesses, offset by lower contributions from our event and concert, and postproduction segments. We continued to gain positive traction, particularly in our cinema business, with ramped-up marketing efforts and a steady inflow of B2B opportunities, enhancing the Group’s profitability year-on-year. Our key strategy for boosting growth is to leverage the synergy within the ecosystem of the Group’s Out-of-Home Entertainment Platform businesses as we look to maximize shareholder value in the longer term.”
FY2020 Outlook
Executive Chairman of mm2 Asia, Mr Melvin Ang (洪伟才), annotated, “We continue to drive the Group’s performance by leveraging the power of our Out-Of-Home Entertainment platform. We are encouraged by a strong pipeline of our core business projects slated for FY2020, with both UnUsUaL and Vividthree continuing their strong business momentum. UnUsUaL is inclined towards a full year growth with a robust lineup of concerts/theme shows including Westlife, Andy Lau, Kang Daniel, JJ Lin, Disney’s Frozen and Walking with Dinosaurs, contributing from 2QFY2020 onwards, while Vividthree has signed an MOU for the “Doraemon Experience” show. We believe in establishing a solid foundation in all our businesses to become a highly esteemed media and entertainment company across a whole value chain. The Group will continue to look out for opportunities in important strategic businesses to support the growth of our business ecosystem.”
Synagie Records Strong Growth For 1H2019
- 1H2019 Revenue increased 31.0% Y-O-Y to S$9.0 million
- Gross Profit jumped by 42.3% Y-O-Y with improved gross profit margin of 28.1%
- Crossed a key milestone as its business in Malaysia achieved EBITA breakeven in
June 2019
Synagie Corporation Ltd. (SGX: V2Y) (“Synagie”, “思腾控股有限公司”, the “Company”, or the “Group”), Southeast Asia’s leading e-commerce enabler that assists brands to execute their e-Commerce strategies using its cloud-based platform, today announced its consolidated financial results for its half year ended 30 June 2019 (1H2019).
Annotating on the Group’s 1H2019 results, Executive Director and Chief Executive Officer of Synagie, Mr Clement Lee said, “The first half of 2019 was an exciting period. We are encouraged by the continued momentum where we saw strong growth across all our businesses segments. Our team also successfully inked key deals and partnerships with Singapore Post, Weimob Inc and Malaysia Digital Economy Corporation, to provide our integrated e-Commerce solutions to help SMEs in Southeast Asia digitise and sell their products to online markets in China and across the region. This anchors the foundation for our new cross-border strategy which we expect to roll out during the second half of the year.”
Synagie Expands into “New Retail” Distribution for Global Beauty Care Giant in the Region
- Synagie to manage and expand both online and offline distribution and sales of Henkel’s brand products in Singapore, Malaysia, Vietnam, Philippines and Indonesia
Synagie Corporation Ltd. (SGX: V2Y) (“Synagie”, “思腾控股有限公司”, the “Company”, or the “Group”), Southeast Asia’s leading e-commerce enabler that assists brands to execute their e-commerce strategies using its cloud-based platform, is pleased to announce that it has signed a binding Memorandum of Understanding (“MOU”) with Henkel Singapore Pte Ltd (“Henkel”), a subsidiary of Frankfurt Stock Exchange listed Henkel AG & Co. KGaA (HEN:GR), a global leader in adhesive technologies, beauty care, laundry and home care to manage and expand the online and offline distribution and sales of Henkel’s beauty care brands including Schwarzkopf, Dial, Theramed, FA and Syoss in Singapore, Malaysia, Vietnam, Philippines and Indonesia.
Co-founder & Executive Director of Synagie, Ms Olive Tai said, “We are proud to be able to expand our services into the region for Henkel, our valued brand partner whom we have started working with in Singapore since 2018. We believe that “New Retail” is the future of retail in Southeast Asia, where brands will be able to provide a seamless experience regardless of whether the consumer is shopping online or offline. When implemented, consumers will no longer need to think in terms of separate shopping channels and will be able to use both at the same time for product research, comparison and product purchase including home delivery for their orders.”
UnUsUaL posts lower 1Q FY2020 results but remain confident of full year growth with strong pipeline
UnUsUaL Limited (SGX: 1D1) (“UnUsUaL”, the “Company”, or collectively with its subsidiaries, the “Group”), today announced its financial results for the quarter ended 30 June 2019 (“1Q FY2020”).
Commenting on the Group’s 1Q FY2020 results, Chief Executive Officer of UnUsUaL, Mr Leslie Ong said, “We had a slow start to this financial year, with larger shows taking place in the later part of the year. Our key shows continue to receive strong demand. In addition, our Apollo 11 Immersive show premiered in Rose Bowl, Pasadena, California in July with positive responses. We have an exciting pipeline of concerts and family entertainment shows for the second half of the year. We should continue to do well in FY2020.”
Vividthree Holdings Stays Committed to VR and AR Content Production
- Recorded Revenue of S$1.6 million and Net Profit of S$0.3 million in 1QFY2020;
- Train to Busan Virtual Reality Tour show moved to Xiamen, China in late July 2019;
- Vividthree signed MOU to develop VR/AR immersive experience for popular Japanese Intellectual Property (IP) – Doraemon
Vividthree Holdings Ltd. (SGX: OMK), a virtual reality, visual effects and computer generated imagery production studio (“Vividthree”, the “Company” and together with its subsidiaries, the “Group”) announced its fiscal results for its three months ended 30 June 2019 (“1QFY2020”).
Managing Director of Vividthree, Mr Charles Yeo commented, “Our Post-Production segment provides the basis for the Group’s profitability as we keep expanding our Content Production segment. We will continue to ramp up our attempts to improve our execution on both the fiscal and operational fronts while seeking new intellectual property products and merger and acquisition opportunities. Following the success of our Train to Busan Virtual Reality tour shows in China, we can’t wait to unveil a brand new VR/AR immersive experience, tentatively titled the ‘Doraemon Experience’, for Doraemon fans in the region to enjoy one of the most iconic cartoon characters of our time in a different, more exciting format.”
Vividthree Enters into MOU with Animation International to Collaborate on the development of Doraemon Immersive Experience
Vividthree Holdings Ltd. (SGX: OMK), a virtual reality, visual effects and computer generated imagery production studio (“Vividthree”, the “Company” and together with its subsidiaries, the “Group”) is pleased to announce that it has entered into a Memorandum of Understanding (“MOU”) with Animation International Ltd. (“AI”), a company headquartered in Hong Kong, with more than two decades of experience in exporting and licensing Japanese animation titles and characters in Asia, the Middle East and Europe.
Chief Executive Officer of Vividthree, Mr Jed Mok commented, “Doraemon is one of the most iconic characters around the world, and we are exhilarated to have this novel addition – Doraemon (Japan) to our immersive experience titles. This is in line with our long-term strategy to strengthen our Content Production segment. We look forward to creating the Next Generation Entertainment, as we inculcate new immersive development in ‘Doraemon Experience’ show through our joint collaboration with Animation International – one of the leading Asia animation trendsetters.”
Read more about Sinostar PEC Non-Executive Chairman’s interview with The Edge Singapore – How Sinostar PEC raises the innovation bar
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