entertainment

Blackpink agency shares skyrocket after K-Pop stars renew deals - THE EDGE SINGAPORE

Contracts

Blackpink agency shares skyrocket after K-Pop stars renew deals

Shares in the Seoul-based artist promoter rose as much as 29% on Wednesday

IPO

NoonTalk Media's IPO covered, to start trading on Nov 22

NoonTalk Media shares will start trading on Nov 22.

Company in the news

BTS manager loses US$10 bil in market cap from peak as stock slides

Hybe Co. dropped 7.1% to 130,000 won on Wednesday, below its 135,000 won debut price

Global stocks

Netflix estimates 'Squid Game' will be worth almost US$900 million

"Netflix has found a sound and profitable strategy with its content internationalization efforts."

Results

mm2 Asia's FY19 earnings fall 14.7% to $19.1 mil on net margin decline

SINGAPORE (May 31): mm2 Asia reported $6.2 million in earnings for the 4Q ended March, down 7.5% from $6.7 million a year ago due to lower revenue and expansion costs.

Global stocks

As Disney leads way in global entertainment content, Cityneon aims to ride on its coat-tails

SINGAPORE (Jun 3): Avengers: Endgame may have smashed box-office records, but it disappointed some fans. One moviegoer was reported to have needed counselling because she was grief-stricken: Could Iron Man really be gone?

Results

UnUsUaL reports 32% higher FY19 earnings of $13.2 mil on improved revenue & margins

SINGAPORE (May 27): UnUsUaL Limited has reported $13.2 million in net profit for the FY19 ended March, representing a 32% increase from FY18 net profit of $10 million due to higher revenue and improved margins.

Results

Lifebrandz 2Q losses widen 18% to $0.6 mil on higher sales activities, business expansion

SINGAPORE (Mar 14): Lifebrandz saw its losses in 2Q widen 18% to $0.6 million from $0.5 million a year ago, mainly due to an increase in total expenses which the group attributes to higher sales activities and business expansion.

Results

Genting Singapore sees 4Q earnings rise 12% to $150 mil on higher visitors, hotel occupancy

SINGAPORE (Feb 21): Genting Singapore (GENS) announced earnings of $150.2 million for the 4Q ended Dec 2018, rising 12% y-o-y from its earnings of $134 million in 4Q17 due to higher revenue.

Broker's Calls

mm2 Asia remains a 'buy' for Maybank despite reduced forecasts on non-operational leakage

SINGAPORE (Feb 21): Maybank Kim Eng is maintaining its “buy” call on mm2 Asia while lowering its target price on the stock to 34 cents from 57 cents previously, after cutting 2019-21E core profit forecasts by 48%, 12% and 9%, respectively.
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