Vividthree Holdings Ltd. (SGX: OMK) recently announced that it is in discussions with Mirage Works, a proficient commercial Computer Generated Imagery (CGI) studio based in Kuala Lumpur, Malaysia, to produce two animation content projects for release in Asia.
This bodes well for the company as there has been a growing popularity in Asian animation films over the years.
The most distinguished one is Nezha, which was the highest grossing Chinese animation feature of all time. The film raked in more than US$700 million in box office in 2019.
In Malaysia, 3 local cartoon films, Upin & Ipin: Keris Siaman Tunggal, Ejen Ali: The Movie and BoBoiBoy The Movie 2, registered a total box office of over US$20 million in 2019, as the movies enjoyed commercial success not only in Malaysia but across the region.
Shares of VividThree last traded at 3.7 Singapore cents and is valued at 0.53x Price/Book.
Small Cap Asia, 16 Nov 2020
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