Vividthree launched its revolutionary OTT comic video platform on both Google Play store (Android) and App store (iOS) since December 2019, has raked in commendable statistics. Across top-trending comic apps, ComicVid held its own against the top-trending comic apps with 3rd ranking under the ‘Comic’ category on Google Play store. In the List of Top Free Comic Apps on Google Play store, ComicVid app has set a record of being top 10 comic app along with 10,000+ downloads on both Google Play store and iOS App store after its successful launch. This achievement adds another star on the shoulder of Vividthree’s innovation.
• Revenue rose 62% Y-O-Y on maiden contribution from newly acquired subsidiary, Dongming Qianhai at end 2018
• Net Profit surged 67% Y-O-Y to RMB 138 million
Sinostar PEC Holdings Limited (SGX: C9Q), one of the largest producers and suppliers of downstream petrochemical products within the Shandong Dongming Petrochemical Industrial Zone, today announced its financial results for the full year ended 31 December 2019 (“2019”), with a 67% Y-O-Y surge in net profit.
Mr Zhang Liucheng, Chief Executive Officer and Executive Director of Sinostar PEC, commented, “This set of results showed the contribution from Dongming Qianhai, which doubled our propylene production capacity and broadened our product offerings. Despite a periodical production plant maintenance, which temporarily stopped production, we managed to record a set of commendable results. We begin the new year on a cautious note, monitoring the COVID-19 outbreak situation closely while remaining confident in our long-term growth outlook.”
An interesting read from BT on the importance of Investor Relations (IR)
” Good IR will help companies to achieve sustained corporate performance and investor confidence in the equity market. Companies that communicate better and more responsively with their stakeholders will foster greater transparency and stronger corporate governance within the organisation.”
“In essence, investors would like to know, from the company’s communications with them, five things in particular:
- its product or service offering
- its financial track record,
- its competitive advantage,
- its strategy, and
- the credibility of the company’s plan to execute its strategy.”
GEM COMM RESEARCH: The Government has come up a generous budget consisting of rebates, bridging loans and cash payouts to help Singaporeans and businesses during this uncertain times. This Budget is also seen by many as a sweetener for the election-year budget, which is anticipated to be in 2020. We did a GE comparison of the 2015 vs 2020 budget (table below) for your reference.
With the COVID-19 outbreak expected to have a much greater impact than the 2003 SARS pandemic, will these measures be enough?
While Singapore managed to recover strongly following the SARS outbreak to expand 4.5% in 2003. The economy still shrank sharply by 4.2% yoy during the April-June quarter (Singapore’s first case of SARS was detected in March 2003, with the outbreak being contained by May 2003). The world is also a much different place compared to 2003.
Prior to the outbreak, China is struggling with its lowest economic growth in 30 years as the world’s second largest economy expanded only 6.1% in 2019. This is compared to 2003 where the Chinese economic system is growing at a rapid 9.1%, a 7-year high. China’s economic influence over the world and Singapore has also risen significantly since 2003 from 4% of global GDP to about 20%. China is also currently Singapore’s largest non-oil export destination, at 17.3% of the Singapore’s overall exports.
The generous budget is well-received and will provide some relief to Singaporeans and businesses, nonetheless it is expected to be a uphill road ahead for some industries in MICE, Aviation and Tourism.
Can the smaller players survive this phase?
Have faith and walk the miles!
UnUsUaL Limited (SGX: 1D1), today announced its financial results for the third quarter ended 31 December 2019 (“3Q FY2020”).
The Group intends to continue with quarterly reporting for the full financial year ending 31 March 2020.
Commenting on the Group’s 3Q FY2020 results, Chief Executive Officer of UnUsUaL, Mr Leslie Ong said, “The Group’s performance in 3Q FY2020 was very commendable with a good offering of concerts and family entertainment shows. The effects of the recent COVID-19 are broad-based and will have an impact on our current quarter and full year’s performance. UnUsUaL and our management team have put in place plans to address such threats to the Group’s promotion and production businesses. We have been taking steps to diversify into new markets to better manage and reduce the impact of such threats to the Group’s performance, and remain positive of the Group’s long-term business prospects.”
- Net profit attributable to shareholders increased to S$1.6 million in HY2020 compared to S$0.5 million in HY2019
- The Group recently completed the acquisition of Jaga-Me in January 2020, which will strengthen its digital technology capabilities
Alliance Healthcare Group Limited (SGX: MIJ), an integrated healthcare group leveraging the use of technology to provide an extensive suite of healthcare services primarily in Singapore, has announced its unaudited consolidated financial results for the half year ended 31 December 2019 (“HY2020”).
Executive Chairman and CEO of Alliance Healthcare, Dr Barry Thng Lip Mong (唐立茂) commented, “We are encouraged by the progress made since the Company’s listing on the Catalist board in May 2019. We are committed for Alliance to win through continuous innovation and excellent execution. We will continue to deliver seamless quality healthcare to the patients, providing differentiated and cost-effective healthcare solutions for various medical needs, such as hospitalization, critical illness care, and chronic care. We remain confident of our long-term prospects and will stay vigilant during this COVID19 period to offset any headwinds.”
Vividthree Holdings Ltd. (SGX: OMK), is pleased to announce that it has entered into a binding term sheet with Darkbox Studios Pte Ltd (“Darkbox”) for the proposed acquisition of all intellectual property (“IP”) rights, all published and unpublished works for the popular comic IP, “Silent Horror” owned by Darkbox and both Mr Goh Chun Hoong and Mr Goh Chun Keong (collectively, the “Vendors” and each a “Vendor”); as well as all rights and goodwill to the business name “Darkbox” and “Darkbox Studio” from the Vendors (“Proposed Transaction”).
Managing Director of Vividthree, Mr Charles Yeo commented, “The acquisition of the rights to Silent Horror is a potential game-changer for us. This comic title, which garnered over 92 million views online, is a testament to the quality of the IP. By tapping on our post-production and content production capabilities, we want to bring ‘Silent Horror’ to an even wider audience via our OTT comic video platform. Moving forth, we will continue to strengthen our competitive edge to meet the increasing consumer demand in the region.”
SPECIAL RESOLUTION: THE PROPOSED CAPITAL REDUCTION AND CASH DISTRIBUTION
Date: 5 March 2020
Time: 11.00 am
Location: Cinnamon Room, Level 5, Novotel Singapore Clarke Quay, 177A River Valley Road, Singapore 179031
SGX has announced earlier in the year that companies listed on the Singapore exchange will no longer be required to file quarterly reports, as long as they are not deemed to be of higher risks.
SGX has just released the list comprising of 109 companies which must continue to make quarterly reporting. See list here
With the exemption, mm2 Asia, Vividthree and UnUsUaL will be opting for half yearly reporting (1H and full year reporting)