KUCINGKO BERHAD
KLSE: KUCINGKO (0315)
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Discussions
Be the first to like this. Showing 50 of 77 comments
RHB analyst research is pretty on point, those that interest can take a read
https://klse.i3investor.com/web/blog/detail/rhbinvest/2024-07-05-story-h-157826670-Kucingko_From_Drawing_Board_to_Digital_Screen
1 day ago
RHB predict a core earnings 3-year CAGR of 18.3% and see the group’s recurring net profit margin hovering at 29-30% over the forecast period. Target pricce of MYR0.44 is based on target P/E of 18x on FY25F EPS, at a 24% discount to selected global peers
1 day ago
not a big fan of using min/ max numeric to evaluate a company valuation.
FYE 2023 PAT 8359 which is the "best year earning", classic ipo trick.
if so, then why not use FYE 2021 as their PBT is highest year compare other FYE?
personally i would more eye on PBT than PAT as PBT reflect their internal efficiency /cost control compare to PAT nothing much they can do about taxing.
8mil is the median number with slightly optimism that i using for evaluating, is fair enough, not the lowest neither highest.
1 day ago
My friend works in an animation and gaming production firm, he was told by his boss strictly prohibited to use Ai on production due to IP rights problems.
1 week ago
Just curious, FYE22 and FYE23 PBT not 9mil and 10mil meh? Why u say FYE 2021 PBT 8.1 mil is the highest?
1 week ago
Saw some heated discussion here. My 2 cents
- As 'Lam Ah' highlighted, all major players in town including Netflix, Hulu, Disney+, Cartoon Network had banned the use of AI for production as AI needs to be "trained" with their IP rights. Doing so inherently exposing risks of teaching AI to create another competition for themselves.
- FYE23 not exactly the "best" figure for IPO. Look at prospectus page 243, as the current FY incurred RM1.8 million in professional fee, with comparison of RM0.5 million in FY22, conservatively speaking, their PBT could increase by RM1.3 million if not for the professional fees.
- In this industry, creative (IP owner) and production is very clear cut against each other. This is like developer and contractors kind of relationship. Yes, AI can simplify the skeleton drawing (i.e. frames) but to completely replace animation studios? It's like saying AI will replace lawyers completely.
1 week ago
AI can make most jobs more efficient, but it won’t replace jobs. Anyhow, Kucingko doesn't have competitors in Bursa Malaysia
6 hours ago
Subscribe ja. Tak ada pertandingan di bursa dan juga margin untung bersihnya amat handal
1 week ago
Few point taken from the interview with Kucingko Animation’s executive directors, Shi Zhenyu and Huang Guofeng.
-Both of them who have been in the animation production industry for 22 years and focusing on mid-stage production, do not oppose AI but acknowledge that AI cannot replicate the subjective experience of creators.
-The company focuses on mid-stage animation production and found the use of AI unsatisfactory in this area. Mid-stage production involves the motion aspect of animation, where they bring characters to life based on pre-set scripts and character designs.
-There are pre-set motions where computers fill in the blank frames, this is data generation, not AI.
-One of the advantage from securing clients from US entertainment giants are Malaysians’ linguistic talents which reduce communication costs compared to competitors in Korea and the Philippines while maintaining high animation quality and timely delivery at the same time
2 hours ago
Just some sharing, not buy call.. personally worth a shot since its rare to find these kind of company in bursa too
1 week ago
100% I will subscribe. Better do it before 12 July if you are interested 😉 And pray hard so that can get this IPO 😊
1 week ago
first day must sell or else koyak after day 2 and day 3 like ocean fresh crash ...menangis
1 week ago
is ok this counter can ply ipo trick earn some short term money, but biz wise, need consider carefully.
is not about ai replace 2D animation, is about ai accelerate 3D animation to dominating the animation industry.
been seen this industry shuffled in and out by introducing new technology, new method to produce animation. production that heavily depending on labor force always have to catch up wit others, 2D industry never ahead.
The catch of this biz is here, they need to monitor the labor cost otherwise the profit margin is not promising.
may you see the difference.
1 week ago
give you another hint, you could try ask ur kid or anyone who watch animation content, ask them what is recent favorite cartoon / animation show. see if there is any chance that 2D is the majority ?
another way, you try flip thru all the disney+, netflix, cartoon network or any other content publisher platform. see how many 2D animation is there compare to other medium.
1 week ago
APEX Securities’ fair value assessment for Kucingko is RM0.54, representing an 80% upside from its IPO price of RM0.30
https://www.businesstoday.com.my/2024/07/09/apex-tips-kuchingko-for-rm0-54-an-80-above-ipo-price/
1 week ago
According to TA Research, it expects the group to record an earnings growth of 28.3%, 19.3% and 19.6% in the financial year 2024 (FY24), FY25 and FY26, respectively.
The growth is supported by its unbilled order book of RM23.3mil as of May 28 and the better outlook for the 2D animation production sector, it said.
1 week ago
Business is good since 2022, 2023 revenue jumped 32.9% year-on-year to RM23.5m from 2022 RM17.7m
1 week ago
Esok adalah hari terakhir untuk subscribe IPO ini. Jgn lepaskan peluang dan masa utk memohon 😉
1 week ago
RHB gives Kucingko a fair value of 44 cents
https://www.dagangnews.com/article/rhb-investment-menilai-saham-kucingko-yang-bakal-disenaraikan-di-bursa-malaysia-pada-44-sen-38689
6 days ago
Kucingko Bhd Target Price: RM0.585 with 95% Upside – Malacca Securities
For the fiscal years 2024 and 2025, KB’s topline is projected to grow to RM33.0 million and RM39.0 million, respectively. This growth is supported by an increase in personnel, enabling KB to take on more projects. Consequently, the core net profit is expected to rise by 31.2% YoY to RM11.0 million in FY24 and by 27.1% YoY to RM13.9 million in FY25, with improved margins due to the management’s strategy of taking on more complex and higher-margin jobs.
The fair value of KB is ascribed at RM0.585, derived by pegging a forward P/E of 21.0x to the FY25 EPS of 2.79 sen. This forward P/E is justified as it aligns with the average current P/E of selected international peers in the 2D animation production industry. Given the current share price of RM0.30, this represents a capital upside of 95.0% and a total return of 97.9% including the dividend return.
6 days ago
Nice, another IB gave Kucingko a good fair value. It's going to be oversubscribed more than 80 times
5 days ago
Btw, good luck for all Kucingko IPO subscribers. Let's pray hard and hope to get it
5 days ago
Kucingko Bhd, a 2D animation company, expects its topline to rise to between RM33 million and RM39 million in the financial years 2024 and 2025 (FY24/FY25). 100% will be oversubscribed more than 80x
https://www.nst.com.my/business/corporate/2024/07/1076590/listing-bound-animation-firm-kucingkos-core-earnings-grow-over
3 days ago
Tomorrow is balloting day. I will keep my fingers crossed when I am sleeping tonight 🤞🤞
2 days ago
Awesome, it's better than I expected 💪
https://www.businesstoday.com.my/2024/07/16/kucingkos-ipo-shares-oversubscribed-by-99-02-times/
2 days ago
The remaining public portion was oversubscribed 133.25 times. Hard to get this IPO already for ordinary retailers 😭
2 days ago
Fair Value of this fortune cat :
- Apex: RM0.540 🔺80%
- Mercury: RM0.540 🔺80%
- Mplus: RM0.585 🔺95%
- RHB: RM0.440 🔺47%
- TA: RM0.430 🔺43%
23 hours ago
BFM: Bet For Malaysia
Jom judi!
Bet small win small
Bet Big win Big
Ini kalilahhhhh
Allllll innnnnnn!
11 hours ago
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By the way, the PE ratio for Kucingko is 17.95x, not 18.75x. Using EPS 1.67 cents in FY2023
1 day ago