entertainment

Results

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.

Results

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.

Tech

'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 Premi

Property

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.

YuuZoo's European JV acquires business assets of Cinram Logistics France

SINGAPORE (Sept 4): YuuLog Europe, a joint venture (JV) company recently set up between YuuZoo Corp and the former management of Cinram Logistics France (CLF), has acquired the business assets of CLF, including a business that is expected to generate more

Broker's Calls

Why mm2 Asia remains a golden ‘buy’ even without cinema deal

SINGAPORE (Aug 14): DBS is reiterating its “buy” call on mm2 Asia after lowering its target price estimate on the stock to 60 cents from 75 cents previously to account for share dilution post its equity fundraising exercise, as well as the cancellatio

Results

mm2 sees 1Q earnings rise 30% to $6.4 mil on higher revenue

SINGAPORE (Aug 14): Entertainment group mm2 Asia has announced earnings of $6.4 million for the first quarter of FY18, up 30% from the $4.9 million in earnings it posted a year ago on higher revenue.

Broker's Calls

High revenue growth for this stock would not be unusual

SINGAPORE (Aug 11): NRA Capital is casting the spotlight on UnUsUal Limited as a stock that offers a “powerful mix of high growth and high profitability”, with a fair value estimate of 62.5 cents.

Tech

SoundCloud close to sale of stakes to Raine, Temasek

LOS ANGELES (Aug 2): SoundCloud Ltd. is close to selling stakes to the Raine Group and Temasek Holdings, deals that would help stabilize the owner of the popular music-streaming service, according to people familiar with the matter.

Bad news for Beliebers: Oct 7 National Stadium concert cancelled

SINGAPORE (July 25): UnUsUaL Limited has announced that Justin Bieber will no longer be performing at Singapore’s National Stadium on Oct 7 as planned.  
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