Kingsmen Creatives FY2017 Financial Results Is Disappointing

Kingsmen Creative Logo

Kingsmen Creatives have released their full year 2017 financial results on 22nd February 2018. Revenue decreases 6.8% to S$307.2 million. Net profit decreases 18.1% to S$9.7 million. Earnings Per Share decreased 18.6% to 4.90 cents. What a bad year for Kingsmen Creatives as the financial results are in a sea of red!

Here are the financial results across its four business divisions.

  • The Exhibitions and Thematic division registered a revenue of S$136.8 million in FY 2017, a decrease of S$14.7 million or 9.7% from S$151.5 million in FY 2016.
  • The Retail & Corporate Interiors division recorded a revenue of S$143.2 million in FY 2017, a decrease of S$7.3 million or 4.9% compared to S$150.5 million in FY 2016.
  • The Research & Design division registered a revenue of S$15.5 million in FY 2017, an increase of S$0.4 million or 2.9% compared to S$15.1 million in FY 2016.
  • The Alternative Marketing division achieved a revenue of S$11.8 million in FY 2017, a decrease of S$0.9 million or 7.2% from S$12.7 million in FY 2016.

Recovery is nowhere in sight. However, based on the current price of S$0.61 and FY17 total dividend of 2.5 cents, the current yield is 4.10%. There is potential for the current stock price to go lower due to the poor financial results.

Following Up On Frasers Commercial Trust

Frasers Commercial Trust Logo

I was very much surprised Frasers Commercial Trust was being able to maintain its distribution per unit of 9.82 cents in FY 2017. Based on the current price of S$1.42, the dividend yield is 6.92% which I consider very much attractive compared to other REITs at the moment.

I looked at Frasers Commercial Trust almost one year ago ( Frasers Commercial Trust Long Term Play in Office Rental ). It is time for me to take a look at the recent developments, especially news on HP (“Hewlett-Packard”) on whether they are moving out of Alexandra Technopark.

First, here are the full year financial results for FY17. Given the current development works at China Square, I am not expecting revenue to increase at this moment due to the missing occupancy. I will consider the following results pretty resilient, at least for me. Read More

Current Dividend Yield of Stocks in My Stock Portfolio

Most of the companies and REITs in my stock portfolio has announced their 4QFY17 financial results. As such, I am able to tabulate the total dividends they are paying or have paid out in FY17.

I am sure everyone has read about the stock market in a sea of red recently. Is this a buying opportunity?

As a dividend investor, I am keen to know what is the current dividend yield for each of the stock I am holding. This will help me in the decision whether I should be buying more or stop buying.

Company Name Total Dividends

(FY17) (cents)

Current Price

(23 Feb 2018) (S$)

Current Dividend

Yield (%)

ST Engineering 15 3.39 4.42
ParkwayLife Reit 13.35 2.78 4.80
CapitaMall Trust 11.51 1.97 5.84
OUE Hospitality Trust 5.14 0.86 5.98
The Hour Glass 2 0.68 2.94
Kingsmen Creatives 2.5 0.63 3.97
Boustead 2 0.82 2.44
Frasers Commercial Trust 9.82 1.42 6.92
Suntec Reit 10.005 1.93 5.18

Based on the above, we can see that the REITs are generating an above 5% but below 6% dividend yield with the exception of Frasers Commercial Trust. The current level of dividend yield (5% to 6%) is not fantastic but acceptable.

I am more curious about Frasers Commercial Trust. With the news of HP vacating Alexandra Technopark and China Square Central undergoing renovations, I am surprise FCOT is still able to pay out 9.82 cents in total for FY17 and a dividend yield of 6.92%. A buying opportunity? At this moment, I am not sure as I have not read in details the latest financial results and follow up on its recent news. Perhaps this is something I can do next.