Kingsmen Creatives

[Jon-san]

Has anyone actually managed to detect a trend of when Kingsmen's interiors division gets the heaviest workload? Personally, as a layman, I would think the 3rd and 4th quarter would be a period of lower revenues for their interiors division as most retailers would be wanting their shops open and ready for the year-end seasonal shopping splurges, hence lower revenue should be expected.

[Musicwhiz]

Has anyone actually managed to detect a trend of when Kingsmen's interiors division gets the heaviest workload? Personally, as a layman, I would think the 3rd and 4th quarter would be a period of lower revenues for their interiors division as most retailers would be wanting their shops open and ready for the year-end seasonal shopping splurges, hence lower revenue should be expected.

Hi Jon-San,

It would depend on the timing of revenue recognition, and I believe Kingsmen uses % of completion for recognition; hence the effect may not be so drastic for 3Q/4Q. That said, usually 2H will have higher revenue recognition than 1H, so the effects are seasonal to that extent. I hope that Kingsmen can control their COGS better to achieve a better gross profit improvement.

Thus far though, cash flows seem to be fine although I would need to keep a close watch on it.

And as dydx said, in the meantime, just sit back and enjoy the twice-a-year dividends!

[Jon-san]

Thanks for the clarification! Am learning new stuff every day!

[FFNow]

Mr Market had mood swings as usual today. Kingsmen dropped to $0.595 - almost the lowest for the past 3 months. Time to accumulate more!

[Jon-san]

It's really tempting at that price. But I don't want to use up my cash reserves too soon. Haha. Will decide in a few days.

[intellect]

Same here.
Moreover, need to conserve cash for my First REITs right issue.
But that is another story.

[Musicwhiz]

Assuming Kingsmen can maintain their full-year dividend payout of 3.5c/share (1.5c interim already paid, 2c final as per last year), an investor will be getting a very decent yield of 5.88% based on the last done price of 59.5 cents.

Judging by Kingsmen's cash flow and working capital requirements, and also the flow of projects and contracts coming in, I'd say the Company has a reasonable chance of being able to at least maintain, if not increase, its final dividend come February 2011 when it releases results for FY 2010.

[ichiran]

Not sure about other forummers...but I've been scooping up shares of this gem these past few days at $0.575.

When I visit the upcoming SITEX this weekend at the Expo, I will be checking out booths and exhibits that are fitted out by Kingsmen!

[Musicwhiz]

Not sure about other forummers...but I've been scooping up shares of this gem these past few days at $0.575.

When I visit the upcoming SITEX this weekend at the Expo, I will be checking out booths and exhibits that are fitted out by Kingsmen!

Haha, no rush.....Mr. Market has the propensity to become even more manic-depressive.

That's interesting, I didn't know Kingsmen helped to fit out SITEX! Will check it out too. Thanks!

[Musicwhiz]

Just went down to SITEX today, and I must say it looks like it's a resounding success based on the large crowds!

Also read some news on retailer H&M coming into Singapore soon. Not sure if Kingsmen will be the one in charge of helping to fit out their new Singapore store?

From: http://www.cnngo.com/singapore/shop/hm-c...ore-148009

H&M is coming to Singapore
Hurrah! After being bypassed for Hong Kong and Shanghai, H&M is finally opening a store in Singapore
By Charlene Fang 23 November, 2010

H&M's affordable fashion offerings will change how Singaporeans look and dress. For Singapore's fashion-obsessed, the announcement of Swedish clothing retail giant Hennes & Mauritz (H&M) opening here in late 2011 has been greeted with big whoops of joy.

The brand known for its sell-out collaborations with designers such as Lanvin, Stella McCartney and Roberto Cavalli is a long-overdue addition to Singapore's fashion landscape.

For the Swedish retailer, Singapore will be its first foray into Southeast Asia. It already has a presence in North Asia with shops in Hong Kong and Shanghai since 2007.

"For us it is not been too long, this is a perfect moment," says H&M press officer Pernilla Halldin when asked why it has taken this long to set up here.

And while the 3,000 square meter store won't be up and running till next year, the region's fashion conscious have already memorized the date and Orchard Building location.

For many, a Singapore store will mean no longer having to fly to other cities with H&M stores for targeted shopping sprees.

"Wow! This will be bittersweet. On one hand, I love H&M, on the other, I've enjoyed the exclusivity," says Marie Choo who regularly plan trips to cities with H&M stores and makes sure to visit all its major outlets.

On an industry level, the arrival of H&M will herald a change in the local fashion stakes.

"Every time H&M enters a market, there's a huge flurry of excitement," says Angelia Teo, Asia Pacfic content director for WGSN, an online trend-spotting authority. "In Japan, it literally turned fashion on its head. Suddenly luxury was not the pinnacle, trend-right affordable high street was the choice, even among once label-hungry youth."

Teo who is Singaporean also predicts that the entry of H&M will alter the island's fashion quotient.

"Singapore will transform too, maybe we'll ditch our casual singlet look for more considered fashion -- one can hope! But surely everyone will get access to democratic fashion!"