entertainment

The thrills of investing in Catalist newcomer Vividthree

SINGAPORE (Oct 4): UOB Kay Hian is highlighting Vividthree Holdings, which recently made its SGX Catalist debut on Sept 25, as a stock with attractive industry prospects and investment proposition.

The brokerage has given the stock a valuation range of 44-45 cents based on peers’ 18.7-18.9 times FY20F P/E, with expectations for net profit to grow 64-74% for FY19-20 should the company meet its sales targets.

Capital World debuts 'The Greatest Showman' live production at Capital City's Circus Hall

SINGAPORE (Aug 20): Property developer Capital World, formerly known as Terratech, on Saturday premiered The Greatest Showman at Circus Hall, the new indoor live theatre of its Capital City theme park project in Johor, Malaysia.

In a press release on Monday, Capital World highlights the MCM London Musical Circus show, which is staged by the group’s the group’s subsidiary MCM Studio Entertainment Group, as the first indoor musical circus in Malaysia.

Screen gems

SINGAPORE (Aug 6): In the 1950s and 1960s, Singapore-made Chinese and Malay movies enjoyed huge success and many of them were produced by the Cathay-Keris movie company1953. Many movies were made in a studio located on East Coast Road, in a residential area called Keris Estate, where the roads were named after movies made in Singapore during that golden era. Here are Options’ favourite local movies, made in recent times.

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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.

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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 the public in 1H20 with a capacity of 5,200 visitors per day.

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.

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.

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 – driven by the establishment fee from a joint venture, Shanghai Snow Star Properties, and higher occupancy rate in relation to Montigo Resorts, Nongsa, respectively.

'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.

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 2015 to convert the upper floors of the building into a hotel.

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