Kingsmen Creatives

benefits of iliquidity... it's starting to feel like a fixed price dividend stock problem is if you're going for yield and a little more volatility, there are better options out there these days.

More potential business for Kingsmen's Interiors Division?

The Straits Times
Sep 30, 2011
More international brands for S'pore shoppers

AMERICAN retailer Aeropostale and Florence-based luxury watch brand Panerai are some of the newer retail additions to hit the Orchard Road retail scene.

Both brands make their Singapore debut at Ion Orchard. Aeropostale opened a 22,000 sq ft store at Basement 3 of the mall on Monday.

The Panerai store is tipped to open on Level 3 by the year end.

The two brands were brought in by CapitaMalls Asia (CMA) to promote Singapore to international retailers as a 'first port of call' within Asia.

CMA is in talks with several American, European and Japanese brands to open stores here and in the region, said Mr Lim Beng Chee, CMA's chief executive.

The Straits Times understands that such negotiations with international brands may take years to close.

One of their most recent hauls involves Hollister, a casual clothing retailer. The American-based chain will be opening a store at CMA's Raffles City Shanghai in China.

While CMA is keeping mum on whether plans are in place to bring Hollister to Singapore, Mr Lim said the company is working closely with Hollister's parent, the Abercrombie group, to assist them with new stores within the region.

He said: 'We don't necessarily tell retailers they have to come to our malls. We may not have the space available when they want to move into Singapore and they may go to a competitor's mall... But I know that with (CMA's) positioning, one day they will come to my mall.'

The surge of these new international brands could be viewed as increased competition but Mr Lim said local retailers should instead be inspired to review and upgrade their business operations.

An inaugural retail forum organised by CMA will allow them to do just that. The Retail Global Connexion will be held on Oct 12 and will see prominent brands like Daiso coming to share their business experiences.

CHERYL LIM

(Vested)

Dear all, please see attached for latest analyst report from DMG on Kingsmen Creatives. For the lease expiry, it will be in 2016 so I really won't worry too much about it now.

More potential business for Kingsmen in future?

Business Times - 08 Oct 2011

MICE on its mind, MBS eyes more room to grow

By GRACE LEONG

A LAND parcel south of Marina Bay Sands (MBS) Tower One has been identified as a possible site for expansion of its hotel, convention and exhibition space. This comes just months after Las Vegas Sands (LVS) CEO Sheldon Adelson spoke of lobbying the Singapore government for more land.

MBS chief executive George Tanasijevich identified the parcel for the first time at a recent LVS investor conference in Las Vegas, saying demand for MICE (meetings, incentives, conventions and exhibitions) events at MBS has grown so much that it is expected to outstrip even that of the Sands Expo in Las Vegas starting next year.

He said MBS isn't seeking additional gaming space. MBS has not exceeded its maximum allotted 15,000 square metres of gross gaming floor area.

The parcel, which is not on the reserve list, meaning it isn't positioned to go through the public tender process, is located along Bayfront Avenue and bordered by Sheares Link and the East Coast Parkway.

The five-storey Sands Expo and Convention Centre consists of more than 120,000 square metres of meeting space. 'This critical mass gives us the ability to have multiple events running at the same time, or larger events,' said Mr Tanasijevich.

But space, or lack thereof, is a growing issue. 'We're finding it difficult to take on all the exhibition business that's coming our way. There are certain points in time when we can't accommodate dinners of a certain size because our ballroom is booked,' he said.

'This land parcel would present great opportunities to expand the number of hotel rooms, add additional exhibition and ballroom space to respond to increasing demands in that part of the business,' Mr Tanasijevich said.

MBS, which can book up to a maximum of 50 trade shows annually, booked 44 trade shows and 523 meetings, incentives and conferences (MICs) this year, compared with 28 trade shows and 335 MICs last year. To date, it has already pre-booked 42 trade shows and 78 MICs for 2012.

But Mr Tanasijevich noted the Urban Redevelopment Authority's (URA) masterplan for the site is still unfolding. 'We see great potential to expand MBS, but nothing has been approved yet, and we're internally still at the exploratory stage,' he said.

Officials for the URA and Singapore Tourism Board said they've not received any formal applications from MBS on this issue.

'However, it is not unusual for URA to receive suggestions from developers to put sites on sale,' a URA spokesman said. 'Whether URA does so depends on availability of the sites, market demand and our planning priorities.'

URA said the release of land at Marina Bay under the Government Land Sales programme will be 'paced in tandem with market demand and ongoing infrastructure works in the Marina Bay area'. Developers who are interested to grow their businesses in Marina Bay can participate in the public tenders for these land parcels when they are made available, URA said.

In an effort to bring in more VIP high rollers, MBS is planning to build an upscale gaming area for casino whales on the 55th floor of Tower 3. 'We're looking at converting that space to very high-end ultra Paiza space, subject to government approval, that's above and beyond anything you've seen before, and convert some of the standard rooms to very fine high-end suites,' Mr Tanasijevich said. 'We can offer some of the highest table limits in the world. We have the largest suite of aircraft at our disposal and we're going to start increasing our usage of that, and we can leverage our non-gaming amenities to give our customers even better experience and bring them back more frequently.'

To maximise growth in mass gaming, MBS has over the past year made around 3,000 changes in the way it positions slots and electronic table games to optimise the gaming floor. 'We've focused since Day One on understanding our customer, their behaviour, habits and likes,' Mr Tanasijevich said. 'We've made over 1,300 table changes and configurations based on sophisticated modelling, identifying what works best at MBS for our customer from South-east Asia, North Asia and beyond.'

Even as LVS is pursuing growth opportunities in Europe, Mr Adelson, who also spoke at the conference, said Asian expansion remains its first priority. 'We firmly believe our existing portfolio of properties in Asia and the results they've achieved for the host countries make us the candidate of choice for those Asian governments interested in pursuing the development of IRs,' he said. 'Those countries are very familiar with our work in Macau and Singapore, and they simply cannot ignore how MBS moves the needle in terms of GDP, tourism, convention and other benefits in Singapore.'

suggest some hdb flats should be implemented at that site instead

(08-10-2011, 05:15 PM)pianist Wrote: suggest some hdb flats should be implemented at that site instead

it could be 2 million dollar HDB

A surprise follow-up report from DMG/OSK on Kingsmen, mainly talking about the 15th APRCE 2011 and how it would benefit Kingsmen's Interiors Division which takes up 40% of revenues. The reason for th surprise is not the TP (which is always flat-out exaggerated), but the short lapse in time between the last report and the current one!

The Board of Directors of Kingsmen Creatives Ltd. (the “Company") wishes to announce that its subsidiary, Kingsmen Hong Kong Limited, had, on 18 October 2011, incorporated a whollyowned subsidiary in Shenzhen, People’s Republic of China, known as Kingsmen (Shenzhen) Co Ltd. 金明展示工程 (深圳) 有限公司 ("Kingsmen Shenzhen"). The legal representative for Kingsmen Shenzhen is Mr. Peok Chong Eng.
Kingsmen Shenzhen has an authorised share capital of RMB500,000/-. Kingsmen Shenzhen’s business scope is intended to be similar to that of the Company and its subsidiaries, which is to design and produce architectural interiors for commercial and retailproperties, pavilions, museums and theme parks, and temporary set-ups for trade shows, exhibitions and events, as well as to provide event management and alternative marketing services. Currently, Kingsmen Shenzhen has obtained the required approvals to conduct
design and consultancy activities for exhibitions and events. It shall apply for the necessary approvals for the other business activities in due course and at the appropriate juncture.
The incorporation of Kingsmen Shenzhen is not expected to have a material impact on the earnings per share and the net tangible assets per share of the Company for the financial year ending 31 December 2011.

Uniqlo is one of Kingsmen's clients.

Business Times - 22 Oct 2011

Uniqlo plans 15 more stores here in 3 years

Its S-E Asia HQ in Singapore could be set up by year-end

By NISHA RAMCHANDANI

JAPAN fashion retailer Uniqlo, which is planning to set up a regional headquarters in Singapore, is looking to quadruple its outlets here from five to 20 within the next three years.

Growth will be funded by resources from its parent company Fast Retailing Co, which chalked up sales of 937 billion yen (S$15.6 billion) in FY 2011.

The new regional headquarters, which could be set up here as early as end-2011, will be the centre for the group's hiring, training, marketing and logistics activities in South-east Asia.

Uniqlo will also set up another headquarters in Shanghai to cater to Greater China, said Naoki Otoma, group executive vice-president of Fast Retailing and managing director of Uniqlo (Asia).

'The Singapore business is making good profits. Singapore has more potential than Hong Kong,' he highlighted, pointing out that Uniqlo has 14 stores in Hong Kong.

Since opening its first store in Singapore at Tampines One Shopping Mall in 2009, Uniqlo has gone on to open four others at Ion Orchard, 313@Somerset, VivoCity and Causeway Point.

'We have more larger stores. That's the way we want to move forward. Bigger stores (allow us) to show the full collection and other retailers tend to have a smaller size, so we can differentiate ourselves,' he said, adding that Uniqlo plans to launch new stores both in suburban malls as well as in central areas here.

Regional expansion is also in the works. Uniqlo is looking to boost store count in South-east Asia within the next three years from 12 stores presently in Singapore, Malaysia and Thailand to 100 stores as it expands in existing South-east Asian markets and enters new ones, such as the Philippines, Indonesia and Vietnam.

In the next decade, Uniqlo is targeting a total of 1,000 stores in South-east Asia, India and Australia.

'In 2020, we want to be the number one apparel retailer in the world. Currently, we're number four,' added Mr Otoma. 'In order to achieve that, Asia is the most important region.'

Mr Otoma was in town for Uniqlo's first product showcase in Singapore, which took place yesterday at the Marina Bay Sands.

With 5 stores so far Uniqlo has firmly established itself in Singapore - now very much a 'destination' city/market for international consumer brands. Apart from its basic, understated fashion-apparel designs, Uniqlo has distinguished itself in coming up with advanced and very comfortable fabrics.

Assuming it will cost an average $2.0m to fit out each new store, the planned 10 additional new Uniqlo stores in Singapore will potentially bring in approx. $20.0m in new revenue to Kingsmen over time, assuming Kingsmen continues to deliver good design and project management services, and Uniqlo likes what Kingsmen can deliver.