GHY Culture    Last:0.091   -

Following a recent development at GHY Culture &amp

$GHY Culture(XJB.SI) so fast! GHY not the organize but still have a small part to play.

 

So much for conviction only 9,300 shares 🤣 🤣 🤣 🤣

Joelton      ( Date: 21-Apr-2023 11:42) Posted: GHY Continues Share Buybacks   Culture & Media Holding, has resumed its share buybacks this month after a three-month break. The most recent buyback was done on April 14, when the company acquired 5,000 shares at 41 cents each on the open market.   This brings the total under the current mandate to just over 1.85 million, equivalent to 0.173% of the total.   On April 12, GHY bought back 9,300 shares at 40.55 cents each. On April 4, it acquired 11,800 shares for 40.5 cents each and on March 30, it acquired 5,000 shares at 40 cents each. Before this, the most recent buyback by the company was on Jan 26, when it 5,000 shares at 42 cents each.   On March 31, GHY, which produces shows and concerts, announced the acquisition of an 80% interest in Iskandar Malaysia Studios, which runs integrated film and television facilities in JB, Malaysia, for RM8.84 million or $2.65 million.   GHY, whose base of activities has mainly been in China, has previously partnered with IMS for previous productions. &ldquo The proposed acquisition is in line with the group&rsquo s strategy to expand the international reach and strengthen the regional presence of our TV programme and film production business,&rdquo the company states.   The sole bright spot in FY2022 was GHY&rsquo s concert production segment, which was able to make a comeback following a two-year hiatus. Featuring the likes of Jay Chou and Guns N Roses, this business segment generated revenue of $20.3 million and a gross profit of $14.2 million.   &ldquo With China&rsquo s reopening and further easing of Covid-19 measures in the region, there is much to be optimistic about for FY2023, where we expect to see more growth opportunities with the pent-up demand for concerts and shifting consumer consumption trends for drama content,&rdquo says executive chairman Guo Jingyu in his earnings commentary.

 

Need more decisive and aggressive buyback to make an impact!

Joelton      ( Date: 21-Apr-2023 11:42) Posted: GHY Continues Share Buybacks   Culture & Media Holding, has resumed its share buybacks this month after a three-month break. The most recent buyback was done on April 14, when the company acquired 5,000 shares at 41 cents each on the open market.   This brings the total under the current mandate to just over 1.85 million, equivalent to 0.173% of the total.   On April 12, GHY bought back 9,300 shares at 40.55 cents each. On April 4, it acquired 11,800 shares for 40.5 cents each and on March 30, it acquired 5,000 shares at 40 cents each. Before this, the most recent buyback by the company was on Jan 26, when it 5,000 shares at 42 cents each.   On March 31, GHY, which produces shows and concerts, announced the acquisition of an 80% interest in Iskandar Malaysia Studios, which runs integrated film and television facilities in JB, Malaysia, for RM8.84 million or $2.65 million.   GHY, whose base of activities has mainly been in China, has previously partnered with IMS for previous productions. &ldquo The proposed acquisition is in line with the group&rsquo s strategy to expand the international reach and strengthen the regional presence of our TV programme and film production business,&rdquo the company states.   The sole bright spot in FY2022 was GHY&rsquo s concert production segment, which was able to make a comeback following a two-year hiatus. Featuring the likes of Jay Chou and Guns N Roses, this business segment generated revenue of $20.3 million and a gross profit of $14.2 million.   &ldquo With China&rsquo s reopening and further easing of Covid-19 measures in the region, there is much to be optimistic about for FY2023, where we expect to see more growth opportunities with the pent-up demand for concerts and shifting consumer consumption trends for drama content,&rdquo says executive chairman Guo Jingyu in his earnings commentary.

 

 

Is this new? 

ahsamtan98      ( Date: 19-Apr-2023 22:36) Posted: &ldquo Ms Lian was previously the executive director of GHY Culture & Media (Singapore) since November 2019. Before that, she was events director of Bestin Entertainment. &ldquo   Really happy with the pick. It takes time to learn the ropes and Ms Lian&rsquo s expertise will be invaluable and irreplaceable here.

 

&ldquo Ms Lian was previously the executive director of GHY Culture & Media (Singapore) since November 2019. Before that, she was events director of Bestin Entertainment. &ldquo  

Really happy with the pick. It takes time to learn the ropes and Ms Lian&rsquo s expertise will be invaluable and irreplaceable here.

 

 

Yeo Hui Shi

Published on 25 Mat 2021

GHY Culture & Media (SGX:XJB) has recently appointed Lian Lee Lee as its deputy CEO &ndash something investors should take note of.

• It was recently announced that  GHY Culture & Media  (SGX:XJB)  has appointed Lian Lee Lee as its Deputy CEO. She is the spouse of John Ho Ah Huat, who is a substantial shareholder of GHY and is also on SGX&rsquo s directors&rsquo and executive officers&rsquo watchlist.

• In response to SGX queries, GHY stated that Ms Lian acts independently of Mr Ho. GHY finds her to be a suitable candidate, after considering her experience in the media and entertainment industry in Singapore and the region, and that she is a past director of the Group.

• In terms of GHY&rsquo s fundamentals, the resumption of concert production activities would be a major earnings growth. While waiting for the resumption in concert production activities, the management expects its strong pipeline of drama and film projects to sustain growth and earnings resiliency.

https://alanyeoinvest.com/2021/05/30/following-a-recent-development-at-ghy-culture-media-heres-what-investors-should-know/