entertainment

Local icon goes global
SINGAPORE (Aug 6): To the rest of the world, the word “zouk” is Antillean Creole for “party” or “dance”, a term that evolved from the Afro-Caribbean style of dance music of the same name. But mention the word to Singaporeans and they are likely to identify with the term differently. In a small yet cosmopolitan country where entertainment and dining venues depart as quickly as they ...
Hatten to develop $67 mil water themepark at Harbour [email protected]
SINGAPORE (Aug 7): Hatten Land intends to jointly build a RM200 million ($67 million) water themepark in Melaka, Malaysia, in collaboration with resort operator Samsung C&T Corp and Polin Waterparks, the designer and installer of water slides. Named Splash World @ Harbour City, the four-storey water park spanning 500,000 sf is expected to complete construction by end 2019 and be open to ...
Cityneon to deliver 'explosive' growth even with fewer-than-expected exhibition sets, says DBS
SINGAPORE (Aug 6): DBS Vickers Securities is maintaining its “buy” call on Cityneon Holdings with a lower price target of $1.57 compared to $1.60 previously, after shifting earnings projections to blended FY18F and FY19F earnings instead of FY18F. The new target price is still based on a P/E valuation peg of 14.4 times, which is at a 20% discount to peers’ average of 18 times P/E. The ...
Cityneon FY17 earnings hit record high of $17.4 mil
SINGAPORE (Feb 27): Cityneon has announced FY17 earnings of $17.4 million, which marks a historical record high for the group and is more than double of FY16’s earnings of $6.7 million on higher revenue. Revenue for the full year grew 20.7% to $116.7 million from $96.8 million in FY16, and saw an approximately 80% contribution from outside of Singapore. This was due to a near ...
KOP swings back to black in 3Q with $7 mil earnings
SINGAPORE (Feb 14): KOP Limited is back in the black with $7 million of earnings for 3Q18, compared to its loss of $0.5 million a year ago on a near-tripling of revenue over the period under review. Revenue was up 179% at $14.8 million from $5.3 million a year ago mainly due to an increase in revenue from the real estate origination and management services segment and hospitality segment – ...
'Rampant' video piracy sparks calls for a Singapore crackdown on illegal streaming from set-top boxes
SINGAPORE (Dec 4): Singapore, which prides itself on being a haven for law and order, is being called a haven for pirating copyrighted programming by entertainment titans such as Walt Disney, HBO, the National Basketball Association and the English Premier League. Viewers in the city-state buy legitimate set-top boxes that also allow unauthorised streaming of thousands of movies, TV shows ...
Heeton-led consortium acquires Dry Bar in Manchester for hotel conversion plans
SINGAPORE (Sept 12): A consortium comprising Heeton Holdings, KSH Holdings and Ryobi Kiso Holdings is acquiring Dry Bar, an entertainment venue in Manchester City, with a view to redevelop the property into a boutique hotel. Dry Bar is a four-storey terraced building with one basement level, and a total gross internal floor area of approximately 20,713 sq ft. Planning permission was granted in ...
YuuZoo's European JV acquires business assets of Cinram Logistics France
SINGAPORE (Sept 4): YuuLog Europe, a joint venture (JV) company recently set up between YuuZoo Corp and the former management of Cinram Logistics France (CLF), has acquired the business assets of CLF, including a business that is expected to generate more than $30 million in revenue this year. YuuZoo did not disclose the price of the acquisition. See: Scrutinising YuuZoo’s deals See: ...
Why mm2 Asia remains a golden ‘buy’ even without cinema deal
SINGAPORE (Aug 14): DBS is reiterating its “buy” call on mm2 Asia after lowering its target price estimate on the stock to 60 cents from 75 cents previously to account for share dilution post its equity fundraising exercise, as well as the cancellation of its Golden Village cinema chain acquisition. To recap, the entertainment group had previously called off its proposed acquisition of the ...
mm2 sees 1Q earnings rise 30% to $6.4 mil on higher revenue
SINGAPORE (Aug 14): Entertainment group mm2 Asia has announced earnings of $6.4 million for the first quarter of FY18, up 30% from the $4.9 million in earnings it posted a year ago on higher revenue. Revenue for the quarter nearly doubled to $24.6 million from $13.4 million in 1Q17 on the back of $6.2 million generated from the group’s event production and concert promotion business, as well ...