Spackman

Spackman to be the sleeper hit of financial reporting seasons ahead

SINGAPORE (May 16): RHB is maintaining its “buy” call on Spackman Entertainment Group with a target price of 27 cents, while noting that the stock is currently trading at a much lower valuation versus local peers and has a positive outlook.

To recap, the group on Monday announced 1Q earnings of $7.6 million, reversing from its net loss position in the same quarter a year ago after recognising earnings from its blockbuster movie, Master, as well as a US$3 million gain from the disposal of its Spackman Media Group (SMG) shares in relation to its latest acquisition.

SPH REIT, SGX, Civmec, Keppel, Spackman, Rotary, Roxy-Pacific, Midas, Super Group

SINGAPORE (April 11): Here are some stocks that could move the market this Tuesday morning.

SPH REIT posted distribution per unit (DPU) of 1.40 cents for the second quarter ended Feb 28, unchanged from a year ago. Income available for distribution increased by 2.4% to $37.3 million in 2Q17, compared to $36.4 million a year ago.

OCBC, Spackman, OLS Enterprise, Vibrant, 3Cnergy, Atlantic Navigation, Cosco

SINGAPORE (March 15): Here are some stocks that could move the market this Wednesday morning.

Oversea-Chinese Banking Corporation has priced EUR 500 million ($751 million) of fixed rate covered bonds due 2022 under its US$10 billion ($14.2 billion) global covered bond programme. To be issued on March 21, the covered bonds will bear interest at a fixed rate of 0.25% per annum. OCBC shares closed 1 cent higher at $9.62.

Keppel, Spackman, HPH Trust, AA REIT, KLW

SINGAPORE (Dec 28): Here are some stocks that could move the market this Thursday morning:

Keppel announced that Keppel Land China, a subsidiary of property arm Keppel Land, and its partners are divesting their stakes in Cityone Development (Wuxi) Co. (CDCL) for RMB 1.2 billion ($256 million). Keppel Land China, which has an effective interest of 49.7% in the joint venture company, will yield a net divestment gain of about RMB 190 million. Shares of Keppel Corp closed 5 cents higher at $5.84 on Wednesday.

The stars are aligning for this entertainment stock

SINGAPORE (Nov 11): RHB is keeping its “buy” call on Spackman Entertainment Group” at a target price of 22 cents, with the view that the stock’s outlook is currently at its best since its initial public offering (IPO) in 2014.

 This comes after the entertainment production company on Thursday posted 3Q16 earnings of US$1.5 million ($2.1 million) compared to its loss of US$1 million a year ago.

Spackman sells China distribution rights of 'Life Risking Romance' to Alibaba

SINGAPORE (July 25): Spackman Entertainment Group says that Alibaba Pictures, the flagship unit of Alibaba Group’s entertainment business, has purchased the rights to distribute a film from Spackman’s majority-owned subsidiary, Novus Mediacorp, for an undisclosed sum.

Alibaba Pictures’ distribution rights cover both movie theatres and online platforms in China.

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