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.






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
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)