| Latest Forum Topics / GHY Culture Last:0.091 -- |
 Post Reply
|
|
Adventus Holdings Ltd
|
|||
|
tedlim
Veteran |
06-Dec-2022 07:00
|
||
|
x 0
x 0 Alert Admin |
Economists see faster reopening in China as Covid-19 curbs ease Nine of the 16 economists surveyed by Bloomberg last week said China will reopen the country faster than they had previously expected. BEIJING &ndash Economists are bringing forward their projections for China&rsquo s exit from zero-Covid as the government begins relaxing controls in many cities. Nine of the 16 economists surveyed by Bloomberg last week said China will reopen the country faster than they had previously expected. Of those, four say it will happen in the second quarter of 2023, while three see it happening earlier. The government has accelerated its shift towards reopening as it became evident its strategy of eliminating infections was failing to bring the current record Covid-19 outbreak under control. The virus restrictions have caused widespread damage to the economy and fuelled protests in several major cities, prompting the authorities to roll back some mobility curbs in recent days. &ldquo We believe China has already exited its zero-Covid policy with those 20 fine-tuning measures and is trying to flatten the infection curve instead,&rdquo said Mizuho Securities senior China economist Serena Zhou. The 20-point guideline published in November sought to make Covid-19 controls more targeted and less damaging to economic activities. Beijing is now allowing some low-risk patients to isolate at home instead of in quarantine camps. The financial hub of Shanghai scrapped polymerase chain reaction testing requirements to enter outdoor public venues such as parks or use public transportation. And top officials and the state media have also softened their rhetoric about the virus. Stocks rallied and the renminbi strengthened on Monday on signs of faster reopening. &ldquo The timing of a major Covid-19 policy change may be a bit earlier than our baseline expectation of after March 2023,&rdquo UBS economists wrote in a note on Monday. Of the 16 economists polled by Bloomberg, seven predict the reopening will happen in the second quarter of 2023, and four see it in the first quarter. The economists were not asked to define what a full reopening would entail. The survey was conducted between last Wednesday and Friday, before the weekend&rsquo s moves in major cities like Shanghai and Hangzhou to ease restrictions. Some of the economists warned the transition would be bumpy, likely involving trial and error by the authorities as they grapple with insufficient medical resources and low elderly vaccination rates. &ldquo China&rsquo s reopening is on the way, but it will not be a plain-sailing journey, and the market should not expect a big bang removal of all epidemic prevention measures as in the West,&rdquo said Natixis senior economist Gary Ng. That makes for an uncertain outlook for economic growth. Five of the 16 economists said they will lower their growth forecasts for the fourth quarter and the full year of 2022. The median projection was lowered to 3.8 per cent and 3.2 per cent, respectively, from 3.9 per cent and 3.3 cent in the previous November survey. &ldquo What matters more to the outlook are the practical realities on the ground that limit the ability of China to ease its Covid-19 restrictions and return economic life to normality,&rdquo said Moody&rsquo s Analytics economist Heron Lim. The constraints include less effective vaccines in use and a reluctance to use foreign-made mRNA vaccines, vaccine hesitancy among the elderly and the limited capacity of the public healthcare system to deal with a surge in cases, he said. China&rsquo s BYD to start selling EVs in Japan by early 2023 BYD&rsquo s Japanese division said on Monday it would start selling its first battery electric vehicles (BEVs) in the country early next year, as the world&rsquo s largest EV maker further steps up its plan to either sell or make its cars available across major markets. China&rsquo s BYD, in which Berkshire Hathaway owns a stake, said it will roll out an electric sports utility vehicle, ATTO 3, in Japan starting Jan 31. The car has a cruising distance of 485 kilometres and will cost 4.4 million yen (S$44,040). In comparison, Nissan Motor&rsquo s electric Leaf standard model has a cruising range of 322 kilometres and costs about 3.7 million yen. BYD&rsquo s Japan chapter is planning to introduce two more models by the end of 2023 and more than 100 dealerships in Japan by the end of 2025, the company said. Petrol-electric hybrid models remain more popular than BEVs in Japan. However, the share of the battery-driven vehicles is expected to grow, partly due to non-Japanese automakers like BYD and Volkswagen making their way into the market. BYD&rsquo s Japan division is planning to set up tentative retailers starting late January in 22 cities but is eager to cover all 47 prefectures, said Atsuki Tofukuji, BYD Auto Japan Inc chief executive. &ldquo We hope that we can make our presence felt little by little as we work toward carbon neutrality and as our customers demand a variety of choices,&rdquo he said. Japanese automakers have recently been criticised by activists and green investors, who slam them for not embracing battery electric vehicles fast enough. Toyota Motor Corp began selling its first mass-produced fully electric vehicle bZ4X in May as lease-only in its domestic market, charging 106,700 yen per month for the first four years in a 10-year contract. However, it was forced to recall less than two months later due to safety concerns. It began producing again in October. Just a year into its US$38 billion EV plan, Toyota is already considering starting again to better compete in a market growing beyond the automaker&rsquo s projections, Reuters reported in October. REUTERS |
||
| Useful To Me Not Useful To Me | |||
|
For_The_Next_Leg
Master |
18-Nov-2022 10:34
|
||
|
x 0
x 0 Alert Admin |
$GHY Culture(XJB.SI)
Opening up new channels for their business.
" The other pitch programmes are ATF Chinese pitch in partnership with G.H.Y. Culture & Media, ATF Formats Pitch and ATF Animation Pitch."
https://www.screendaily.com/news/singapores-asia-tv-forum-to-return-as-in-person-event/5176409.article
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
WBdisciple
Elite |
03-Nov-2022 10:52
|
||
|
x 0
x 0 Alert Admin |
Keeping an eye on GHY, who does a lot of JAY CHOU concerts in China as well as in Asia...China reopening will likely boost their performance | ||
| Useful To Me Not Useful To Me | |||
|
For_The_Next_Leg
Master |
02-Nov-2022 15:45
|
||
|
x 0
x 0 Alert Admin |
$GHY Culture(XJB.SI) More and more concert are coming back. let' s not forget that GHY is also a concert production house! More revenue in future!
https://www.straitstimes.com/life/entertainment/british-boy-band-blue-to-stage-concert-in-singapore-in-february
|
||
| Useful To Me Not Useful To Me | |||
|
For_The_Next_Leg
Master |
31-Oct-2022 13:37
|
||
|
x 0
x 0 Alert Admin |
$GHY Culture(XJB.SI) The company was able to generate a relative success in their recent collaboration with IQIYI and Weibo! They look to disrupt this streaming business! Imagine lower cost but more reach out. Advertising will just go with such outreach! https://links.sgx.com/1.0.0/corporate-announcements/X5EF2GCJ6QGA9IK5/0320158e55b6f52391ff2f338d5b2c545ece7e5f8de842173ee042a99aa84817 |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
For_The_Next_Leg
Master |
25-Oct-2022 14:21
|
||
|
x 0
x 0 Alert Admin |
$GHY Culture(XJB.SI) This company continues to be on a buyback spree!
https://links.sgx.com/1.0.0/corporate-announcements/5UQUYPIYXMTVYW5U/681f3edd348f44c499bbb52edcd2de8941f03a71c70698a10d0a57e03115e1a1
|
||
| Useful To Me Not Useful To Me | |||
|
Joelton
Supreme |
25-Oct-2022 07:57
|
||
|
x 0
x 0 Alert Admin |
GHY Culture & Media: STRANGE TALES OF TANG DYNASTY ATTAINED TOP VIEWERSHIP ON IQIYI INC
The Board of Directors (" Board" ) of G.H.Y Culture & Media Holding Co., Limited (" Company&rdquo and together with its subsidiaries and associated companies, " GHY" or " Group" ) wishes to announce that the Group' s drama production of " Strange Tales of Tang Dynasty 唐 朝 诡 事 录 " has attained top viewership on IQIYI Inc (" IQIYI" ), an online entertainment service in the People&rsquo s Republic of China (" PRC" ).
Strange Tales of Tang Dynasty 唐 朝 诡 事 录 first aired on 27 September 2022 and is a thriller horror mystery period drama with a total of 36 episodes. Since its debut broadcast, Strange Tales of Tang Dynasty 唐 朝 诡 事 录 has ranked first on IQIYI' s viewership chart with 8,953 ratings on 13 October 2022, generating 249 searches across the platform.
In addition, the drama has gained strong traction on social media platforms such as Weibo, the largest micro-blogging service in the PRC, with a record of 336 hours spent on the drama' s discussion threads and attracted 20,000 new followers to these discussion threads since the broadcast of the drama.
Adapted from the novel " Strange Legend of Tang Dynasty 唐 朝 诡 事 录 " written by Wei Feng Hua, the period drama, directed by Bai Shen, is about a General (played by Yang Xu Wen) from the Tang Dynasty working with his strongest opponent (played by Yang Zhi Gang) to solve mysterious cases.
|
||
| Useful To Me Not Useful To Me | |||
|
n3wbie
Elite |
07-Oct-2022 21:56
|
||
|
x 0
x 0 Alert Admin |
Thanks for sharing the videos. Good stock but there is also a key challenge with some of its customers like iQiyi as they are also rationalizing their costs. Was quite surprised to see the stock falling into losses for 1H22 so will have to see how the concerts in 2H22 help return the company to black. With the lockdown situation in China, not sure how that impacts the core tv production business.
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
For_The_Next_Leg
Master |
07-Oct-2022 09:44
|
||
|
x 0
x 0 Alert Admin |
$GHY Culture(XJB.SI) https://youtu.be/HvPwQ45UQpI part 2 | ||
| Useful To Me Not Useful To Me | |||
|
For_The_Next_Leg
Master |
05-Oct-2022 10:39
|
||
|
x 0
x 0 Alert Admin |
$GHY Culture(XJB.SI) https://youtu.be/5Uy5egd8gUg
a video on their business model. |
||
| Useful To Me Not Useful To Me | |||
|
WBdisciple
Elite |
29-Sep-2022 07:52
|
||
|
x 0
x 0 Alert Admin |
GHY will likely have their growth and margins accelerate upwards once China start reopening as more Jay Chou concerts can be held in China and business activities normalise... Morgan Stanley Joins Chorus Expecting China to Open Spring 2023 Morgan Stanley joined other major investment banks in predicting China will likely ease Covid restrictions and reopen the country by spring next year, providing a possible boost to the economy&rsquo s recovery. Pressure to reopen will build because the Covid Zero strategy has led to significantly weaker income growth and a sharp rise in youth unemployment -- outcomes that are at odds with President Xi Jinping&rsquo s policy goal of &ldquo common prosperity,&rdquo according to Morgan Stanley. |
||
| Useful To Me Not Useful To Me | |||
|
For_The_Next_Leg
Master |
20-Sep-2022 09:49
|
||
|
x 0
x 0 Alert Admin |
$GHY Culture(XJB.SI) let' s not forget this company is in charge of Jay chou concert!
https://www.theedgesingapore.com/news/singapore-economy/bring-noise-are-investors-still-tune-entertainment-stocks
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
WBdisciple
Elite |
20-Sep-2022 09:23
|
||
|
x 0
x 0 Alert Admin |
Their close PEER, Perfect World (which several of its management team are from there), has rebounded strongly in their first half 2022 results with revneue of RMB 3 billion and net profit of about RMB 1.1 billion. but Perfect World main revenue is now from gaming...hence it will be interesting to see how GHY evolve their business model, which they have done progressively |
||
| Useful To Me Not Useful To Me | |||
|
ozone2002
Supreme |
18-Sep-2022 16:58
|
||
|
x 0
x 0 Alert Admin |
0.48 -- jay chou sold out concerts are the cash drivers for GHY looking forward to GHY bottoming out and raise subsequently |
||
| Useful To Me Not Useful To Me | |||
|
tedlim
Veteran |
09-Sep-2022 15:16
|
||
|
x 0
x 0 Alert Admin |
This is one area (直 播 ） that GHY can easily pivot to with their capabilities... Almost a quarter of Singaporeans rely on social media videos to discover and evaluate products Videos on social media are becoming increasingly influential in the consumer journey. Almost one in four Singaporean consumers say video is one of their top three channels to discover and evaluate products. Thirty-one per cent also say they purchased more streaming and content creator-related products compared to last year. These were some of the findings from the Meta and Bain & Company SYNC Southeast Asia report, which looks at the digital economy and future of e-commerce in the region. The study also reveals that Singaporean consumers are using 10 online platforms this year, up from six last year. While the e-commerce marketplaces account for the majority of online spend, 17% of Singaporeans&rsquo online purchases are made on alternative e-commerce platforms such as business messaging, live shopping, and group buy. &ldquo Live shopping is an exciting medium, and I think it&rsquo s gaining good traction, especially with Gen Z and Millennials. [According to our survey] in June, 40% of respondents in Asia Pacific had discovered and shopped on social platforms, with 61% being Gen Z and Millennials. The younger crowd feel really good about participating in these live-shopping events because it&rsquo s just much more prevalent and it&rsquo s close to where they are,&rdquo says Benjamin Joe, vice president for Southeast Asia and Emerging Markets at Meta, at a media briefing earlier today. Dhruv Vohra, managing director of Meta business group for Southeast Asia, adds: &ldquo In the pandemic, shopping basically moved online. What was missing was the social experience of shopping &ndash where you go out with your friends to shop and have a good time. &ldquo Live-shopping, or even alternative e-commerce, brings the social aspect of shopping back online. Because what' s happening is that you' re [perhaps] watching the event together with friends, you&rsquo re gamifying shopping, or you' re talking to the seller in a social manner. So I think it' s a beautiful combination of online plus social, which makes [those forms of] e-commerce so exciting.&rdquo The digital consumer population in Southeast Asia is growing steadily. It is expected to reach 370 million by the end of 2022, and rise further to 402 million by 2027. One way organisations can meet the needs of those digital consumers is to consider the use of business messaging. Since many companies in Southeast Asia skipped the desktop era &ndash where they first build a website before branching into social media platforms &ndash Joe believes that business messaging presents a &ldquo big opportunity in the region&rdquo . He states: &ldquo More than 60% of consumers in the region have actually interacted with the business online through social apps [like Facebook, Instagram, or WhatsApp]. Through these business messaging experiences, consumers can ask for any recommendation [or even] bargain for deals. We continue to be really excited about this and will continue to invest in helping consumers connect with businesses that matter to them.&rdquo Besides that, businesses should also experiment with new technologies. According to the report, 70% of consumers in the region have used at least one metaverse-related technology &ndash including augmented reality, virtual reality, cryptocurrencies, non-fungible tokens and virtual worlds &ndash this year. Almost 40% of Singaporeans have also used fintech solutions &ndash such as e-wallets and neobanks &ndash in the past year. " This new evolution of digital consumers will undoubtedly be the driving force for Southeast Asia' s e-commerce gross merchandise value growth. With a longer-term favourable demographic profile, and as Southeast Asia leads in the adoption of future technologies, businesses that focus on staying the course in the region, build a truly integrated channel strategy and necessary capabilities, make their supply chains resilient, and leverage new tools and technologies to engage with digital consumers will emerge as winners,&rdquo says Praneeth Yendamuri, partner at Bain & Company. |
||
| Useful To Me Not Useful To Me | |||
|
For_The_Next_Leg
Master |
05-Sep-2022 13:21
|
||
|
x 0
x 0 Alert Admin |
$GHY Culture(XJB.SI) relooking at their press release on China Singapore collaboration on short drama on douyin/TikTok. eventually this is all about advertising and bring awareness from China to Singapore companies. Seems like an interesting move. https://enmobile.prnasia.com/releases/apac/g-h-y-culture-media-announces-launch-of-singapore-china-short-dramas-and-entertainment-ip-projects-369770.shtml |
||
| Useful To Me Not Useful To Me | |||
|
tedlim
Veteran |
30-Aug-2022 10:09
|
||
|
x 0
x 0 Alert Admin |
China 2022 Survey report: iQiyi, Tencent Video tops in online video Two-thirds of internet adults in China use the iQiyi and Tencent Video services to watch online video, according to the Kagan 2022 China Consumer Insights survey. However, the survey also revealed that online video remains supplemental to live (linear) TV programming for most internet adults. * Nine out of 10 internet adults watch online video iQiyi and Tencent Video are the most popular subscription video-on-demand services. * On average, internet adults in China spend over five hours per day on digital entertainment. Approximately two hours per day is spent watching TV/video content. * Survey data indicates that live (linear) TV-centric viewers are watching more live TV in 2022 than in previous years, while VOD-centric viewers are watching more on-demand video this year than in the past. * TV series programming and short-form video are the most popular types of video content viewed on smartphones. Over half of internet adults said they spend more time in front of the big-screen TV watching live (linear) TV than any other type of video content. Results from the Kagan 2022 China Consumer Insights survey, completed in June 2022, show that 92% of internet adults watch paid or free online video. Over two-thirds (68%) of internet adults said they use iQiyi, owned by online search engine giant Baidu, followed closely by 66% using Tencent Video. Douyin, the Chinese version of TikTok, is also extremely popular with six out of 10 (61%) internet adults using the service. Bilibili is a video-sharing website, and Youku is an online video service owned by e-commerce giant Alibaba. Mango TV is an online video service operated by the Hunan Broadcasting System. Historical survey data depicts strong user growth for iQiyi, Tencent Video and Bilibili between 2019 and 2021. IQiyi and Tencent Video use peaked in 2021 at 73% and 69%, respectively. The use of Bilibili grew a whopping 20 percentage points over the same time period, matching that of Youku at 42% in 2021. All four online video services saw a modest decline in usage in 2022. Overall use of digital entertainment in China has followed the same pattern as that of the major over-the-top video services, exhibiting strong growth from 2019-2021, followed by a slight decline in 2022. On average, internet adults in China spend over five hours each day on digital entertainment, which includes over two hours per day watching TV/video content. Internet adults also report spending another 1.5 hours per day, on average, listening to music, as well as playing video games. The 2022 survey found that 82% of internet adults play mobile video games, 78% play online/console games and 63% listen to online music. Over the past four years, the percentage of internet adults subscribing to a multichannel TV service has declined 10 percentage points to 69% in 2022. However, this decline is predominantly from an increase in the number of young adults choosing not to subscribe (video cord nevers) rather than those dropping their pay TV subscription (video cord cutters). Historically, over half of internet adults in China have reported watching primarily or mostly live (linear) TV programming, with some on-demand video. In 2022, the survey data showed a 10 percentage point increase among those watching primarily live TV (25%), while those watching mostly live TV with some VOD declined 7 percentage points year over year. Similarly, those watching primarily VOD increased 6 percentage points year over year to 9%, while internet adults who watch mostly VOD with some live TV programming dropped 5 percentage points to 15%. This suggests that existing TV viewing preferences (live TV-centric or VOD-centric viewing) are being reinforced, rather than shifting over time. The 2022 survey found that 36% of average daily TV/video viewing is spent watching on a smartphone, compared to 34% being spent in front of a big-screen TV. Only 20% of average daily TV/video viewing is conducted on the PC, with 11% on a tablet. Six in 10 smartphone users (59%) reported watching TV series programs on the device over the past 30 days. Approximately half of smartphone owners said they have used their mobile devices to watch user-generated video posts (50%) and professional short-form videos (49%). Somewhat surprisingly, 48% indicated they have watched a full-length movie on their smartphone over the past month. At home, live TV programming tends to dominate TV/video viewing. When asked to rank content types by time spent viewing, 52% of internet adults indicated they spend more time watching live TV than any other video content types. One-quarter (26%) of internet adults said they spend the most time watching short-form video, and 9% spend the most time watching news programs. The fact that just 9% said they spend the most time watching paid or free (SVOD/ad-based video on demand) online video services is further evidence that for most internet adults, online video is supplemental to live (linear) TV entertainment. |
||
| Useful To Me Not Useful To Me | |||
|
WBdisciple
Elite |
30-Aug-2022 08:00
|
||
|
x 0
x 0 Alert Admin |
A few takeaways from their recent results briefing and response to SGX: 1. GHY has shown competency in its ability to navigate the challenges of COVID measures in China: in March 2022, China began its most extensive COVID-19 lockdown in Shanghai where the drama " Sisterhood 南 洋 女 儿 情 " was filmed and this resulted in significant disruption of filming and production activities. Accordingly, the filming duration was extended from March 2022 to May 2022. Coupled with the implementation of various COVID-19 related government regulations and safety management measures for the crew and employees, these resulted in higher costs for filming and production. As stated in the 6M2022 Financial Statements, the Group has completed the production of " Sisterhood 南 洋 女 儿 情 " and does not have any on-site filming activities that are ongoing or planned in the Chinese cities affected by the COVID-19 related lockdown measures. 2. Higher gross margins from the short form video format: Cost sharing with short video platform (such as Douyin) to produce the drama, potential revenue from advertising, potential revenue from subscription of the drama 3. The worst seems to be over with 2H2022 to improve: > TV Program and Film Production business expected to ramp up in the second half of the financial year ending 31 December 2022 (&ldquo FY2022&rdquo ) with upcoming drama productions > Resumption of Concert Production business with upcoming concerts in FY2022 and FY2023 with Sold out tickets for Jay Chou&rsquo s concerts to be held in Singapore and Malaysia in FY2022 and January 2023, with ticket sales for Australia expected to commence in 3Q2022. Co-producer of concerts to be performed by well-known artistes, Guns N&rsquo Roses and PowerStation (动 力 火 车 ) to be held in FY2022, to capture the pent-up concert demand > The Group continues to focus on monetising its portfolio of proprietary entertainment content and diversify its product offering with interactive content and multi-level entertainment, including short-form online videos, musicals and immersive live action role-playing games > Resilient financial position with net working capital of approximately S$130.1 million to support organic and inorganic growth initiatives pls do your own DD.. |
||
| Useful To Me Not Useful To Me | |||
|
tedlim
Veteran |
16-Aug-2022 07:57
|
||
|
x 0
x 0 Alert Admin |
They have highlighted that Second half is better hence full year likely to be profitable. At least they aim to continue to grow with various monetisation efforts with their capabilities and IPs. Their peer, Perfect World, in China is trading at least S$6 billion while GHY is just S$500m. |
||
| Useful To Me Not Useful To Me | |||
|
For_The_Next_Leg
Master |
12-Aug-2022 16:44
|
||
|
x 0
x 0 Alert Admin |
$GHY Culture(XJB.SI) Looks like a loss, but it' s not a cash loss if you look at it' s cash flow. FCF is still positive if we don' t look at the income tax paid. https://links.sgx.com/1.0.0/corporate-announcements/CC843ILZ3YOSLLP1/8348ce7d214f61df52db95ad839f8a79bdb9025a0c6eafa506d572ad47e36dcb |
||
| Useful To Me Not Useful To Me | |||