Vividthree Holdings

Vividthree is a virtual reality, visual effects (vfx) and computer-generated imagery studio that develops/ acquire digital intellectual property (IP) assets to produce virtual reality products such as thematic tour shows.

 

 

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Vividthree Annual General Meeting
Monday, 29 July, 11am (TBC)
1Q2020 Results Announcement
Tuesday, 13 August, 9:30am (TBC)
2Q2020 Results Announcement
Monday, 11 November, 1:30pm (TBC)

Investment Merits
  • Transiting to the (more profitable and recurring) content production business model- first VR tour Train to Busan
  • Asset light model with limited execution risk and variable upside from royalties
  • Interactive and modular nature increases potential target stakeholders for VR sets
  • Tapping on the parent’s extensive network for new business opportunities
  • Post production to provide base profit for the group
Research
Brokerages Report Analysts Recommendation TP
RHB Download File Lee Cai Ling/Jarick Seet Non-Rated NA
UOB [Small  cap highlights] Download File John Cheong Non-Rated NA
UOB [Money Talk] Download File Singapore Research Team Non- Rated NA

Stock Information 
Price 0.175
Market Cap (SGDm) 59
YE 03/2020
Earnings Release Date (Est) 13/8/2019
52 wk high/low 0.260/0.130
YTD % change -8.9%
Free Float % 15.7%
Insiders Holding 26.4%
Key financial highlights
Key Highlights 2017 2018 2019
Revenue (SGDm) 5.3 7.1 9.3
Net Profit (SGDm) 1.3 2.7 3.3
P/E 44.3 21.6 17.9
Net D/E -5.5% -26.5% -17.2%
Source: Bloomberg (Based on share price of S$0.175)