GHY Culture & Media

Results

Forex drag causes GHY Culture & Media to remain in the red for 1HFY2023

With further resumption of its media production business, GHY expects to make a turnaround in FY2023.
GHY Culture & Media expecting net loss due to foreign exchange losses for 1HFY2023 - THE EDGE SINGAPORE

Results

GHY Culture & Media expecting net loss due to foreign exchange losses for 1HFY2023

The group has significant operations in the People’s Republic of China, where it prepares its financial statements in.
Some gigs are hotter than others - THE EDGE SINGAPORE

Global Markets

Some gigs are hotter than others

This is why I will still keep my portfolio more at and closer to home
GHY Culture & Media eyes 'big harvest' for concerts, plans for production hubs - THE EDGE SINGAPORE

Company in the news

GHY Culture & Media eyes 'big harvest' for concerts, plans for production hubs

The group’s concert production posted a gross profit of $8.9 million in FY2022, compared to nil revenue the year prior.

Contracts

Shares in GHY Culture & Media Holding up slightly after co-production agreement news

The co-production agreement with iQIYI is not expected to impact GHY’s EPS or NTA per share for the FY2023.
MindChamps co-founder raises stake; GHY Culture and Media resumes share buybacks - THE EDGE SINGAPORE

Insider moves

MindChamps co-founder raises stake; GHY Culture and Media resumes share buybacks

On March 30, MindChamps announced plans to expand into the US

M&A

GHY Culture & Media subsidiary to acquire 80% of Malaysian production company for $2.65 mil

The net asset value of the target company is approximately $9.6 million for the financial year ended Dec 31, 2022.

Broker's Calls

After loss-making FY2022, DBS sees turnaround for GHY Culture & Media in FY2023

GHY reported a net loss of $9.4 million for FY2022 ended December, on the back of a 45% decline in revenue.

Results

GHY Culture & Media Holding expects to report net loss for FY2022

Shares in GHY Culture & Media Holding closed flat at 40.5 cents on Feb 17.
NoonTalk shouts out Singapore with IPO, joins sluggish listed media companies - THE EDGE SINGAPORE

IPO

NoonTalk shouts out Singapore with IPO, joins sluggish listed media companies

For FY2023 and FY2024, NoonTalk’s directors plan to distribute dividends of at least 20% of earnings to shareholders.
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