Kingsmen Creatives

[FFNow]

The news just out! Singapore is extending the F1 contract till 2017. This should see Kingsmen continue to book revenues of $8m to $9m each year for the next 5 years.

Ka-ching!!

[FFNow]

The cost for the future F1 races will come down 15 to 20% as reported by Today at http://www.todayonline.com/Singapore/EDC...l--Iswaran.

This most probably affect Kingsmen's revenue from F1. However, the revenue from F1 only contributed around 3% of FY2011's revenue. So, any changes will not be that significant.

[Musicwhiz]

The cost for the future F1 races will come down 15 to 20% as reported by Today at http://www.todayonline.com/Singapore/EDC...l--Iswaran.

This most probably affect Kingsmen's revenue from F1. However, the revenue from F1 only contributed around 3% of FY2011's revenue. So, any changes will not be that significant.

Well, I was thinking about it more from the perspective of other revenues which will be "tagged" to the Formula One. It was mentioned that F1 attracts many visitors down to Singapore and enhances Singapore's reputation as a hub for such events. THis may spill over to more MICE activities over the years' and retailers will also be refurbishing/renovation their stores (or even opening more outlets) in anticipation of the tourism boost. So Kingsmen indirectly benefits more from Formula One than from Formula One itself!

[FFNow]

Well, I was thinking about it more from the perspective of other revenues which will be "tagged" to the Formula One. It was mentioned that F1 attracts many visitors down to Singapore and enhances Singapore's reputation as a hub for such events. THis may spill over to more MICE activities over the years' and retailers will also be refurbishing/renovation their stores (or even opening more outlets) in anticipation of the tourism boost. So Kingsmen indirectly benefits more from Formula One than from Formula One itself!

Yes that is true as well. The spillover effect cannot be undermined.

[Musicwhiz]

Just checked my bank account and noted that Kingsmen's 1H 2012 interim dividend of 1.5c/share has been credited. It's a nice feeling to be able to add to my cash stash and opportunity funds. Probably I can also use some of the funds for a nice meal out with my family this weekend, and some of it is going to the upcoming Retrolicious Concert at Fort Canning Park on October 6 as well!

[FFNow]

Quote from the following article below. More works in the pipeline for Kingsmen?:

"Dreamworks, the creator of hits like Kung Fu Panda and Shrek, announced last month that it will build a US$3.2 billion Broadway-style entertainment district, set to open in 2016.

And Rovio, creator of the hit game Angry Birds, will set up its first "activity park" with fun rides in Shanghai's Tongji University.

Rovio will build another Angry Birds theme park in neighbouring Zhejiang province, where a Hello Kitty playland is set to open by 2014.

Already open since May last year is the 800,000 sq m Joyland, a theme park inspired by popular online games such as World Of Warcraft, which is a two-hour drive from Shanghai."

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Disney works its magic in Shanghai

The first Disneyland in mainland China will open in Shanghai only in 2015, but that has not stopped the world-famous theme park from spreading its cheer here.

The Magic Kingdom's stardust is giving China's financial city a much-needed boost amid the downturn. Some of Mickey Mouse's charm has rubbed off on Shanghai's hospitality and entertainment sectors, created jobs and helped certain stocks on the beleaguered stock exchange.

Related stocks such as construction have received a bounce in recent weeks after news of fresh investments in the park, offering some respite from the fall in the rest of the market, as the Shanghai composite index dipped below 2,000 points on Wednesday for the first time since early 2009.

"Disney offers a major boost to Shanghai's push to improve its economic structure and develop higher value-added sectors, from tourism to F&B, retail and other services," said Xue Hongsheng, research head of consulting group Qianinfo.

Shanghai's August data suggests that it needs Disney badly. The city saw a 5 per cent drop in exports and a 0.7 per cent decline in its six key manufacturing pillars such as IT and refined steel.

Foreign investments, led by Disney, were the sole bright spot. Overseas investors poured US$1.6 billion into the metropolis, up 21 per cent from a year ago.

And the local authorities' own spending spree will help ensure that the city meets the 8 per cent growth target this year. The Shanghai government announced that it will invest 10 billion yuan (US$1.6 billion) this year in infrastructure for the resort, in which it holds a 57 per cent stake.

It also plans to build a 4.4 billion yuan subway line linking the park to the city centre.

Disney, which holds the remaining 43 per cent share, has estimated that the resort itself will cost roughly US$4.4 billion.

The park is expected to feature water rides that may be modelled after the Pirates of the Caribbean, some Chinese pavilions, a lake, a shopping district and two Disney-theme hotels.

To infuse Chinese characteristics into the Disney project, about 100 Chinese "creative engineers" have been hired for the design team, the China Business News reported last month.

Demand has also been rising for animation and entertainment designers, hospitality specialists and other service providers as more theme parks pile into Shanghai, said local headhunter Ma Jianqing.

"Shanghai is becoming a regional tourism hub, so the need for talent is booming," said Ma.

Dreamworks, the creator of hits like Kung Fu Panda and Shrek, announced last month that it will build a US$3.2 billion Broadway-style entertainment district, set to open in 2016.

And Rovio, creator of the hit game Angry Birds, will set up its first "activity park" with fun rides in Shanghai's Tongji University.

Rovio will build another Angry Birds theme park in neighbouring Zhejiang province, where a Hello Kitty playland is set to open by 2014.

Already open since May last year is the 800,000 sq m Joyland, a theme park inspired by popular online games such as World Of Warcraft, which is a two-hour drive from Shanghai.

Its 3.5-star online rating makes it among the more popular wonderlands in China.

Still, the star power of Disney is likely to help its theme park hold its ground against the competition.

It will offer surprises even for tourists who have visited many of its other theme parks worldwide, according to Disney theme park expert Alain Littaye.

"It will have a lot of unique attractions such as one of the biggest castles ever built, as well as new, specially designed attractions that exist nowhere else in other Disney theme parks," said Littaye, the co-author of a book on Disneyland Paris.

"I think it is going to be a success from the time it opens. The only concern is that there will be too many people," he added.

Source: http://www.blooloop.com/ViewNews.aspx?ID=20640

[FFNow]

Benedict Soh has won the the highest accolade of "Lifetime Achievement for Outstanding Contribution to Tourism" at Singapore Tourism Board's Singapore Experience Awards 2012.

Malmaison by The Hour Glass has won the "Best Shopping Experience" and the interior was done by Kingsmen.

http://www.asiatraveltips.com/news12/161...ence.shtml

http://superadrianme.com/2012/10/16/sing...dividuals/

[Musicwhiz]

Seems MICE sector in Singapore will remain resilient even in the face of a potential global downturn.

Link: http://www.todayonline.com/Hotnews/EDC12...-S-Iswaran

MICE sector to continue growing despite uncertain economy: S Iswaran
by Dylan Loh

Updated 05:54 PM Oct 17, 2012

SINGAPORE - Second Trade and Industry Minister S Iswaran said Singapore's meetings, incentives, conventions and exhibitions (MICE) sector is expected to grow next year despite the uncertain global economy.

He said the sector is a high-yielding segment for tourism in the country.

Marina Bay Sands, for example, is holding 13 trade shows and several conferences this month - a record for the integrated resort.

Last year, business visitors formed 24 per cent of Singapore's total visitorship, and contributed a quarter of total tourism receipts.

Mr Iswaran said some 70 new events for the MICE sector were held in the country last year.

"The way the industry is evolving, you're having more events, but perhaps more targeted, so they're not all of this scale, but they are more focused. Because of that, you are able to get deeper and stronger traction in the kind of business activities as a follow-up," he said. CHANNEL NEWSASIA

[RBM]

Kingsmen at S$ 0.80. Does anyone know a driver for the abrupt surge in Kingsmen's share price about 30 minutes ago?? Looks like someone came in and quickly gobbled up 76 lots, driving Kingsmen's share price up ~ 7% in the process, i.e. to S$ 0.805. Probably its just a silly, rushed trade but wanted to know if forummers have other alternative insights.

Vested

[Musicwhiz]

Kingsmen at S$ 0.80. Does anyone know a driver for the abrupt surge in Kingsmen's share price about 30 minutes ago?? Looks like someone came in and quickly gobbled up 76 lots, driving Kingsmen's share price up ~ 7% in the process, i.e. to S$ 0.805. Probably its just a silly, rushed trade but wanted to know if forummers have other alternative insights.

Vested

Someone saw what Minister S. Iswaran said about MICE and decided to feel particulrly bullish?

The growth of Kingsmen hinges a lot on MICE, theme parks in Asia and also the proliferation of luxury brands into Asia setting up shops in malls here. All these seem to be ongoing, so I guess it's +ve for Kingsmen even if there is a general downturn in Europe, USA and China.

Oh yes and Uniqlo has just opened their new outlet in ION Orchard. I am confident Kingsmen did the fit-out for that one as well.