This comes as the company transforms from a post-production provider to a digital content producer by taking a more profitable model focusing on content production, after securing intellectual property (IP) rights to develop a virtual reality (VR) tour for Train to Busan, a popular Korean film.
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.
