11-07-2024, 09:18 PM
My observation: The pandemic was already the biggest test for them since they were impacted in almost each part of the world (West, China & SE Asia). It's quite impressive to have emerged from the pandemic bigger than before - they probably won some market share from their smaller competitors. Recent interim DPS already above pre-pandemic interim DPS. Not a lot of other businesses were able to do that. Reflecting back, I would have thought that F&B, retail, tourism etc all were easy recovery play on post-pandemic - turns out most of them are still trailing pre-pandemic revenue.
Of course the common comparison with its SG peer, Kingsmen Creative, who was trying to acquire a good IP before the pandemic and still trying to acquire a good IP after the pandemic. It looks quite clear who the better operator is.
Of course the common comparison with its SG peer, Kingsmen Creative, who was trying to acquire a good IP before the pandemic and still trying to acquire a good IP after the pandemic. It looks quite clear who the better operator is.
"Criticism is the fertilizer of learning." - Sir John Templeton