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Vividthree Holdings Ltd. (SGX: OMK) recently announced that it is in discussions with Mirage Works, a proficient commercial Computer Generated Imagery (CGI) studio based in Kuala Lumpur, Malaysia, to produce two animation content projects for release in Asia.
This bodes well for the company as there has been a growing popularity in Asian animation films over the years.
The most distinguished one is Nezha, which was the highest grossing Chinese animation feature of all time. The film raked in more than US$700 million in box office in 2019.
In Malaysia, 3 local cartoon films, Upin & Ipin: Keris Siaman Tunggal, Ejen Ali: The Movie and BoBoiBoy The Movie 2, registered a total box office of over US$20 million in 2019, as the movies enjoyed commercial success not only in Malaysia but across the region.
Shares of VividThree last traded at 3.7 Singapore cents and is valued at 0.53x Price/Book.
Small Cap Asia, 16 Nov 2020
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Sinostar PEC Holdings Limited (SGX: C9Q) (“Sinostar”), one of the largest producers and suppliers of downstream petrochemical products within the Shandong Dongming Petrochemical Industrial Zone, announced an impressive set of 3QFY2020 financial results on 13 Nov 2020.
The Group’s 3Q2020 revenue increased 15% year-on-year from RMB 620.8 million to RMB 714.6 million. Gross profit rose 54% year-on-year to RMB 84.3 million mainly due to an increase in sales volume of the petrochemical products and an expansion in gross profit margins by 300bps to 11.8% in 3Q2020.
According to its press release, Sinostar stands to benefit from the forecasted 8.2% GDP growth in China come year 2021. In addition, the rebound in economic activity and continual demand for protective surgical masks and related products have helped to drive the demand for individual products such as polypropylene (pp) fibre which is used in the manufacturing of these protective equipment.
Small Cap Asia, 16 Nov 2020
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