Tag: Kingsmen Creatives

On 13th April 2018, I receive an email notification about Kingsmen Creatives that they have been awarded with contracts worth $22 million for National Day Parade 2018 and National History Event. Despite the good news, it seems that the market did not react positively. As you can see from the chart above, the stock price of Kingsmen Creatives remains flat below 60 cents. The stock market is really irrational.

According to the announcement, the contracts comprise the National Day Parade 2018 and the National History Event valued at S$3 million and S$19 million respectively. The contract for the National Day
Parade 2018 involves the build and fabrication of the temporary stage set infrastructure and supporting structures at The Float @ Marina Bay and is expected to be completed by 2018. Read More

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.

Kingsmen Creatives have just released their 3Q2017 results and the financial figures does not seem very pleasing. Revenue declined across three out of its four business divisions for 3Q2017 as compared to 3Q2016. It seems that recovery is no where in sight.

Here are the financial results across its four business divisions.

• The Exhibitions & Thematic division registered a revenue of S$32.3 million, an increase of S$0.9 million or 2.7% from S$31.4 million recorded in 3Q 2016.
• The Retail & Corporate Interiors division recorded a revenue of S$30.6 million, a decrease of S$8.0 million or 20.8% compared to S$38.6 million in 3Q 2016.
• The Research & Design division registered a revenue of S$3.2 million, a decrease of S$0.2 million or 6.8% from S$3.4 million recorded in 3Q 2016.
• The Alternative Marketing division achieved a revenue of  S$3.0 million, a decrease of S$0.4 million or 10.7% from S$3.4 million in 3Q 2016.

I remembered the Group’s cash and cash equivalents was S$58.5 million in 1Q2017.  The Group’s current cash and cash equivalents stood at S$50.7 million as at 30 September 2017 which was a 15% decrease.