Spackman Entertainment Group

Spackman to acquire company that leased equipment for ‘The Legend of the Blue Sea’

SINGAPORE (March 15): Spackman Entertainment Group has entered into a sale and purchase agreement to acquire a 100% interest in Korean equipment leasing company Frame Pictures from its owner, for a cash consideration sum of KRW 900 million ($1.1 million).

Additionally, the transaction will include the group’s payment of 497,250 shares from its partially-owned associated company, Spackman Media Group (SMG), to the unnamed vendor, which is only referred to by Spackman as an “independent third party”.

Spackman Entertainment plans placement to raise $5.95 mil

SINGAPORE (March 3): Spackman Entertainment Group is proposing to sell up to 38.1 million new shares at 16.1 cents each.

The group will raise $5.95 million in net proceeds from the proposed placement after deducting expenses.

30% of the net proceeds will go towards working capital needs while 70% will be for new business investments and acquisitions.

Spackman, one of Korea’s leading theatrical film production groups, signed a placement agreement with UOB KayHian on Wednesday, appointing the latter as placement agent.

Spackman commences filming for Golden Slumber

SINGAPORE (Feb 1): Spackman Entertainment Group announced that its Korean manhunt thriller Golden Slumber has commenced filming.

Directed by Nakamura Yoshihiro and produced by Spackman’s wholly owned subsidiary Zip Cinema, the film is based on the Japanese novel by Isaka Kotaro and will star Gang Dong-won and Han Hyo-joo.

The production budget for the film is estimated to be KRW 10 billion ($12.2 million) and will be released in Korean theatres by 2H2017.

Shares in Spackman closed at 18 cents on Wednesday.

Coming soon to a screen near you: A spike in this stock’s 1Q earnings

SINGAPORE (Jan 9): RHB is certain that profits from Master, the latest South Korean crime-action blockbuster to hit the silver screens, will be yielding Spackman Entertainment Group “superb” 1Q17F earnings.

(See also: Spackman breaks even with movie Master)

Cherry-pick stocks within preferred sectors: RHB

SINGAPORE (Jan 3): RHB is betting on top picks in Consumer Staples, Healthcare, Land Transport, Offshore & Marine and REITs sectors to hold up well against a weak macroeconomic environment.

RHB says careful selection of stocks will be critical and recommends that investors stay selective within its preferred sectors.

Its economics team expects Singapore to witness another challenging year in 2017, with an expected decline in GDP growth rate, slowdown in exports growth, decline in manufacturing output and moderation in private consumption.

Spackman breaks even with movie Master

SINGAPORE (Dec 29): Spackman Entertainment Group says its crime-action thriller Master produced by subsidiary Zip Cinema surpassed the film’s breakeven point within eight days of its official wide release on Dec 21.

As of Wednesday, Master has recorded total admissions of 3.8 million with gross box office revenue of US$25.3 million ($37 million), according to latest stats from the Korean Film Council.

Spackman musters turnaround with Korean blockbuster Master

Master Korean movie

SINGAPORE (Dec 27): Korean cinema is making a big splash and rising in popularity around the world. But this holiday season, Spackman Entertainment Group’s Korean crime-action flick, Master, is lording over the competition.

The film has captured more than 55% of Korea’s total box office revenue since it opened on Dec 21. As at Dec 25, it has raked in more than US$20 million ($29 million) with over three million tickets sold over just four days.

RHB says the film’s popularity has exceeded its expectations.

Del Monte Pacific, Trendlines, Swiber, Spackman, Olam

SINGAPORE (Dec 7): Here are some factors and stocks that could move the market this Wednesday morning:

Del Monte Pacific posted earnings of US$20.2 million ($28.7 million) for 2QFY17, a 57.8% decrease from 2QFY16. The group had incurred a one-off gain of US$33.4 million in 2QFY16, from an amendment in the group’s retirement plan. Group revenue for the quarter to October was US$636.2 million, down 5% from 2QFY16.

Spackman’s Korean crime action film presold to 31 countries

SINGAPORE (Dec 6): Spackman Entertainment Group has presold the distribution rights for its Korean crime action film, Master, to 31 countries, including Singapore, Hong Kong, Taiwan and the US.

Master was produced by Spackman’s indirect, wholly-owned subsidiary Zip Cinema, and is expected to be released in Korea on Dec 21.

Directed by Cho Ui-seok, and featuring Korean actors Lee Byung-hun, Gang Dong-won and Kim Woo-bin, the foreign release of the movie will be first launched in US in December, and will be screened in Singapore in January.

Spackman Entertainment up on upcoming release of movie

SINGAPORE (Oct 17): Shares of Spackman Entertainment Group are up 5.6% or 1 cent to 15.1 cents after RHB last week started coverage of the South Korean movies producer with a “buy” call.

(See also: Say ‘Annyeong-Haseyo’ to the Hallyu star of stocks)

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