Dear all,
Part 1 of my comprehensive analysis on Kingsmen's FY 2010 Financials is now up on my blog. Please feel free to visit and leave comments, thanks!
A snippet as follows:-
"The bottom line was, however, impacted by the fact that other income was slightly lower, while staff salaries and related expenses rose by 8.1% and other expenses rose by a larger 17%. If we break down the reasons, it was mainly due to the increase in staff salaries of about S$2.6 million, as well as higher operating lease expenses of S$300,000 and a write-off for their fire-gutted Malaysian factory premises of S$400,000."
Note: I am vested and have very recently added to my existing position.
although the barrier to entry is not high for Kingsmen Creative's business, it requires quite substantial upfront investment and high administrative cost before reaping any profit and success is not guaranteed even larger investment has been made.
this does give Kingsmen Creative certain edge over new comers.
When will Kingsmen be sending out its annual report?
(13-03-2011, 09:30 PM)taka666 Wrote: [ -> ]When will Kingsmen be sending out its annual report?
Kingsmen held their FY 2009 AGM on
April 26, 2010, so we should assume this year's AGM will be held some time in the final week of April 2011. Annual Reports are normally sent out 2 weeks in advance of the AGM. So you should be expecting the Annual Report 2010 to arrive probably first to second week of April 2011.
Dear all,
Part 2 of my comprehensive analysis on Kingsmen's FY 2010 Financials is now up on my blog. Please feel free to visit and leave comments, thanks!
A snippet as follows:-
"This seems to indicate that Kingsmen would be better off focusing on growing their Interiors division as it is more profitable than M&E, but the flip side of the argument is that M&E contracts are much larger and “prestigious†and so far have also opened up more doors (i.e. customers) for Kingsmen."
Dear all,
Part 3 of my comprehensive analysis on Kingsmen's FY 2010 Financials is now up on my blog. Please feel free to visit and leave comments, thanks!
A snippet as follows:-
"I refer to an article in Channel News Asia dated September 19, 2010 which mentioned that Asia’s growing middle class is fuelling a “boom†in theme parks. To summarize the article, it mentioned that Asia is fast becoming the new destination for tourists due to cheaper air travel (i.e. budget airlines) and growing affluence in countries like Indonesia, China and India. The theme park phenomenon is shifting to Asia, says Christian Aaen, Asian regional director of research firm AECOM Economics, which specialises in entertainment and leisure industry analysis."
Any idea which other company in SG of similar scale issues shares as a form of reward to their employees?
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Work starts on long-awaited China Disneyland
A girl looks at a billboard promoting Disneyland Hong Kong on a wall in Shanghai, China.
SHANGHAI: Walt Disney Co. and Chinese officials broke ground on Friday on mainland China's long-awaited first Disneyland, with hopes high that Mickey Mouse and friends will be a hit in the country of 1.3 billion.
Walt Disney Co. chief executive Bob Iger was joined by the entertainment giant's Chinese partners and top Shanghai officials in plunging golden shovels into the ground to launch construction at a ceremony in the bustling city.
The ceremony capped more than a decade of negotiations with the Chinese government to bring the "Magic Kingdom" to the mainland and Iger called it a "significant milestone" in Disney's history.
"Our Shanghai resort will be a world-class family vacation destination that combines classic Disney characters and storytelling with the uniqueness and beauty of China," Iger said.
Construction of the 24.4 billion yuan ($3.7 billion) project in Shanghai's Pudong district is expected to take five years. Disney already has a theme park in the southern Chinese territory of Hong Kong.
Shanghai Disneyland will have "all-new attractions and experiences tailored specifically for the people of China," the company statement said.
Its ownership structure mirrors that between Disney and the Hong Kong government, but the company is hoping the Shanghai park will prove more successful than its Hong Kong predecessor.
The Hong Kong park has had a bumpy ride since opening in 2005, with critics there saying low attendance has not justified the public investment.
Mainland China is the biggest source of customers for Hong Kong Disneyland, accounting last year for 2.2 million visitors, or 42 percent of the total.
The Shanghai park will allow Disney to tap China's market like never before, attracting visitors who previously could not afford -- or found it difficult to obtain the required transit permits -- to travel to Hong Kong.
The park is also expected to help redefine Shanghai as a leisure destination instead of mainly a business city, travel industry experts said.
"This Disney project will boost economic growth both in Shanghai and eastern China," said Min Fan, chief executive of Ctrip.com, a Shanghai-based online travel company that makes about 10 percent of China's air ticket
bookings.
The loss-making Hong Kong park announced on Thursday it would complete the first phase of its expansion by 2013 -- a year early -- as it seeks to increase its popularity.
The Hong Kong park said "Toy Story Land", based on the animated film, would open later this year while two other attractions would open in 2012 and 2013.
Shanghai's Disneyland is expected to attract 7.3 million visitors in its first year, according to a report on the city government's website. Initially, it will feature Disney's famed "Magic Kingdom", with the possible addition later of an "Animal Kingdom" and "Epcot" area. The Epcot centre is a showcase of world culture and technology at the Disney World Resort in Florida.
Disney also has theme parks in California, France and Japan.
- AFP
I just received the AR. I noticed Pages 41 to 56 are missing! These pages consist of the financial statements. Anyone else facing the same issue?