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GHY Culture
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n3wbie
Elite |
12-Aug-2022 11:31
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Updates from DBS:
Results First Take: 1H22 in the red, dragged by forex loss below expectations
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desmlee
Member |
11-Aug-2022 23:43
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Managing FX exposure is part of any company' s capital management strategy - even if they make $0.9M, that' s nothing to shout when they made $3.4M the same period last year. Like-for-like, we remain plagued by covid so expectations are that most companies would have put in place mitigating measures. If they had sold out tickets for Jay Chou tickets, why not give an indication of what that means for financial performance in 2H22? Would be curious to see if the covering brokers further cut their estimates following the disappointing results / guidance.
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desmlee
Member |
11-Aug-2022 23:38
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Cash balance keeps shrinking and net cash position keeps declining. Not quite sure where all the money raised from IPO has gone to because it certainly has not been put to good use to grow the company with share price declining, revenues going down. TV program was supposed to be one of the growth drivers but doesn' t seem to be so. The forward guidance on growth looks vague, weak and non-committal. They' ve also not indicated if dividends will continue this year as I believe the IPO prospectus only mentioned a dividend payout in the first 2 years of listing. |
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WBdisciple
Elite |
11-Aug-2022 21:02
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Foreign exchange loss drags GHY&rsquo s 6M2022 into the red
- 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 Power Station (动 力 火 车 ) to be held in FY2022, to capture the pent-up concert demand
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n3wbie
Elite |
09-Aug-2022 15:00
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If we compare them against the closest peer, Strawbear (2125.HK) listed in HK, GHY presently trades at 3.3x PB (PE 130x against FY21 or 27x FY22) while 2125.HK trades at 0.6x PB and 6.8x PE. Remains to be seen what' s the drag from the core tv production business though the upcoming concerts should provide an uplift. It seems like their core business hasn' t really been performing so far since listing. A lot of it has gone into receivables but the margin / ROE and ROIC have all compressed substantially over the last 1-2 years. Not sure if this may also be due to their key customers like iQiyi doing a material cost-cutting and right-sizing of their business. Wouldnt be surprised that the customers are now squeezing the content providers such as GHY and Strawbear, etc. Upcoming 1HFY22 numbers will be telling of the situation. |
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desmlee
Member |
09-Aug-2022 09:31
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Despite all these positive developments, company is issuing a profit warning. Given that the results would be out by 15 Aug, isnt it quite late that the company only decide to do a profit warning days before earnings release? https://www.theedgesingapore.com/capital/results/ghy-culture-media-report-loss-1hfy2022 |
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For_The_Next_Leg
Master |
04-Aug-2022 08:23
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An interesting collaboration
https://enmobile.prnasia.com/releases/apac/g-h-y-culture-media-announces-launch-of-singapore-china-short-dramas-and-entertainment-ip-projects-369770.shtml |
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For_The_Next_Leg
Master |
28-Jul-2022 08:03
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The company is one of the distributor for the upcoming film and is also a shareholder of clover film.
https://www.popcorn.app/sg/chilli-laugh-story/movie/15280 |
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For_The_Next_Leg
Master |
22-Jul-2022 11:10
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$GHY Culture(XJB.SI)
Concert is back and the company is helping to bring Guns and Roses to Singapore! https://www.google.com/amp/s/www.theedgesingapore.com/amp/news/company-news/ghy-culture-media-helps-make-november-rain-november |
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n3wbie
Elite |
22-Jul-2022 08:45
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Thanks for sharing and makes good sense - companies also need to be able to monetize the content! Positive on GHY but will have to see their half year report card to see how their core tv production business did in the first half.
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tedlim
Veteran |
22-Jul-2022 07:24
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Content is still king and GHY will be a good proxy for this macro trend.. Douyin, Baidu-backed iQiyi team up for content licensing A new agreement will authorize Douyin, the Chinese equivalent of short-video app TikTok, to use content from iQiyi, the video-streaming platform backed by search giant Baidu, Nikkei Asia reported. Under the deal, Douyin users can take clips from films and shows in iQiyi&rsquo s content library to make their own short videos. The financial details of the agreement, however, remain unclear. The companies are teaming up after repeatedly clashing over alleged copyright violations. The deal &ldquo is a milestone that showcases the mutual respect and collective efforts in protecting intellectual property,&rdquo Gong Yu, iQiyi&rsquo s founder and CEO, said in a statement. In 2020, iQiyi tried to break into the short-video market by launching Suike. Ultimately, the firm decided to stop investing in the platform. Though it has had a history of losses, iQiyi reported its first fruitful quarter earlier this year, gaining US$25 million in profit. Its membership services revenue grew by 4%, but its total revenue decreased by 9% year on year |
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Joelton
Supreme |
21-Jul-2022 15:03
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GHY Culture & Media helps make ' November Rain' this November
GHY Culture & Media Holding, better known for organizing concerts featuring Mando-pop king Jay Chou, is apparently adept at bringing in top acts from the West.
The company, which is also in movie and drama production, announced that it is co-organiser of a one-night-only concert by Guns N' Roses on Nov 12 &ndash marking yet another step that large-scale live entertainment&rsquo s back post-pandemic.
The American hard rock band, known for hits such as November Rain, Sweet Child o Mine, Welcome to the jungle, is on a regional tour that includes Australia and New Zealand.
GHY is organizing this concert in partnership with TEG Dainty.
" Announcing an international tour of this magnitude as we come out of the most challenging period in the history of live entertainment is truly gratifying,&rdquo says TEG Dainty CEO Paul Dainty.
See also: Koda subsidiary collaborates with SIA on sustainability range
&ldquo We' re all eager to return to business as usual and who better to charge into international stadium touring than the mighty Guns N' Roses!&rdquo he adds.
&ldquo After a long pause, we are delighted to bring live shows and are very excited to partner with TEG Dainty for Guns N&rsquo Roses&rsquo return to the Singapore stage,&rdquo says Adeline Low, GHY&rsquo s regional senior group director.
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n3wbie
Elite |
20-Jul-2022 09:26
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Thanks for sharing your thoughts - agree with first 4 points. Point 5 is debatable as the fund raise at IPO was mostly utilized since for working capital. There were some minor acquisitions / 51% investments last year but none that moves the needle, more of investing to expand their capabilities and offerings (for e.g. into the short form videos). Key to watch for point 3 would be on their high receivables as this can typically be an issue for the industry. This will impact the cash flow generation and ROIC. There are milestone payments to the content producers such as GHY and the full payment may not be received for a multitude of reasons (have not been broadcasted, delay in scheduling pipeline etc).
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WBdisciple
Elite |
20-Jul-2022 09:08
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1. Jay Chou' s two concerts in Singapore are sold out...while Malaysia concert is sold out as well. Viagogo listed Jay Chou tix in Sydney but no tix for sale 2. Concerts will do well for GHY for this year and next as more economies reopen 3. Drama-side, agree that COVID is still a challenge due to China policy. iQiyi is also a shareholder of GHY and also require drama content hence that part i am not too concern 4. GHY has inked collaboration with DOU YIN (TIK TOK) for short drama format so there are likely more channels for revenue diversification. 5. Financially, GHY has minimal borrowings and balance sheet is still strong pls do own your DD... |
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n3wbie
Elite |
20-Jul-2022 07:48
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Thanks for sharing. I believe they' ve got a few other performances as well lined up this year including Jay Chou' s concert. Their results have largely disappointed last year after listing - largely due to impact from covid on their tv production / program business but also there were no concerts. While the earnings for concert will pick up this year and going into 2023, not quite sure how the competition for their main tv production will be impacted. Their main customer iQiyi has indicated that they aim to return to profitability so squeezing their content producers on margins / cash flow would not be unexpected. Presumably 1H22 results will remain weak as the concerts are backend loaded in the latter half of the year.
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tedlim
Veteran |
20-Jul-2022 06:42
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GHY is co-promoter: Guns N' Roses to perform at National Stadium in November SINGAPORE - American rock icons Guns N' Roses will be back in Singapore to perform at the National Stadium on Nov 12. Tickets, priced from $128 to $248, will go on sale on July 28. The band, famed for classic rock anthems such as Sweet Child O' Mine (1987), Patience (1988) and November Rain (1991), last performed in Singapore at the Changi Exhibition Centre in 2017. Formed in 1985, the band' s current line-up includes singer and co-founder Axl Rose, as well as long-time members guitarist Slash and bassist Duff McKagan. With more than 100 million records sold, the band are one of the world' s best-selling music acts. Their global Not In This Lifetime... Tour, which ran from 2016 to 2019, is the third highest-grossing tour of all time. The upcoming Singapore show is organised by event promoters TEG Dainty and G.H.Y Culture & Media. TEG Dainty' s president and chief executive, Mr Paul Dainty, said in a statement: " Announcing an international tour of this magnitude as we come out of the most challenging period in the history of live entertainment is truly gratifying. " We' re all eager to return to business as usual and who better to charge into international stadium touring than the mighty Guns N' Roses." Guns N' Roses join other major music acts performing this year at the National Stadium, one of Singapore' s largest concert venues. Other gigs include American singer Billie Eilish on Aug 21, Canadian singer Justin Bieber on Oct 25, Taiwanese band Mayday on Dec 3 and Taiwanese singer Jay Chou on Dec 17 and 18. American band Guns N&rsquo Roses are one of the world&rsquo s best-selling music acts. PHOTO: TEG DAINTY/G.H.Y CULTURE & MEDIA Book It/Guns N' Roses - One Night Only Where: National Stadium, 1 Stadium Drive When: Nov 12, 6.30pm Admission: From $128 to $248. Tickets will go on sale on July 28 at 10am. Go to TEG Dainty' s website, G.H.Y Culture & Media' s website, Tickteck' s website or Singapore Sports Hub' s website |
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WBdisciple
Elite |
18-Jul-2022 07:52
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GHY Culture & Media Drama and film production company GHY Culture & Media on Jul 8 bought back 7,500 of its shares at S$0.50 per piece., amounting to S$3,794.77. In a filing on Jul 12, GHY said one of its indirect associated companies entered into a production collaboration agreement with a unit of ByteDance, which operates the short-form video platform Douyin. GHY said it has identified the short-form video market as one of its new growth adjacencies. As part of the agreement, the companies produced an online short drama series that was released on Douyin on Jul 5. GHY said the co-production of the drama series is part of its business strategies and growth plans to create more monetisation opportunities, and to further diversify its portfolio of entertainment products and its distribution channels. |
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For_The_Next_Leg
Master |
15-Jul-2022 08:07
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$GHY Culture(XJB.SI) Just fyi this company is also involved in the movie distribution business. When the whole world returns back to normal, this business that has been under pressure for 2 years will bounce back. https://www.businesstimes.com.sg/companies-markets/ghy-culture-media-to-acquire-51-shareholding-interest-in-clover-films | ||
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WBdisciple
Elite |
14-Jul-2022 10:00
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They have been doing shares buyback and have litte borrowings.... DouYin (tiktok) is a big name in tech and super popular globally. The signing of this short film series with GHY highlights GHY' s track record and reputation in the media and entertainment industry. |
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tedlim
Veteran |
13-Jul-2022 10:14
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GHY online short drama series on DOUYIN will have a total of 15 episodes, with each episode approximately 4 minutes long. Douyin has 600 million daily users... Based on 1 episode, users pay RMB 1, assuming only 0.5% pay..that is 3 million paid subscibers and that is RMB 3 million TIMES 15 episodes, that is RMB 45 million (about S$9m sgd).. Good that GHY is diversifing their revenue model..pls do your own DD.. |
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