KUCINGKO BERHAD
KLSE: KUCINGKO (0315)
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Be the first to like this. Showing 35 of 35 comments
One of a kind company in bursa, profit margin more than 20%, another potential multibagger stock
6 days ago
around 70% of the fund raised are used for business expansion, unlike most ipo use to clear debt... kucingko next 招财猫
6 days ago
Timetable for Kucingko IPO : -
Opening of application = 28 Jun 2024
Closing of application = 12 Jul 2024
Balloting of application = 16 Jul 2024
Allotment of IPO shares to successful applicants = 23 Jul 2024
Tentative listing date = 26 Jul 2024
6 days ago
KUCINGKO will expand its business to US ! Another hidden gem of IPO
https://www.thestar.com.my/business/business-news/2024/06/29/kucingko-unveils-prospectus-eyes-us-expansion
6 days ago
you wanna hear the hard truth and fact about animation industry?
maybe not.
Good luck
5 days ago
KUCINGKO has no direct peers in Bursa, so can't postulate 18.75 x is a high PE ratio. In fact, the PE is quite reasonable as both revenue and after-tax profit are growing year by year
5 days ago
This company is the first animation production studio listing on Bursa Malaysia and offers a 40% dividend policy. So, grab your chance to subscribe it
4 days ago
IPO craze is here, gohub & uue already open so high. no harm to apply for this golden cat!
4 days ago
Kucingko has earmarked RM17.77 million for capacity expansion by setting up branch offices in Sabah and Sarawak to source and tap into the talent pools, as well as refurbish existing production facilities in Selangor to expand its workforce.
The company also plans to use RM4.38 million from the proceeds to set up a sales office in the US to better facilitate client management, and RM4.26 million to meet working capital requirements. The rest will be used to defray listing expenses.
4 days ago
'Ko' means child in Japanese and is a very common ending for Japanese female names. May be it will expand into Japan market next 😁😁
4 days ago
Just saying, 2D animation is a niche, very very very Niche business.
Do you guys think Ai video generator, like chatgpt's Sora, which can generate 2D animation video effortless, can replace current 2D animation industry?
think twice guys,
Any kucingko promoter or boss willing to answer this? im happy to listen if you have valid point
3 days ago
Like TSMC, it is just a foundry and does not participate in wafer design, but it has become the largest company in Taiwan by market value.
Similarly, like Kucingko, they help clients such as Warner Bros. and Titmouse Group with asset creation, characters, backgrounds, and animation effects that can be reused in the production process. Although the company will not be as large as TSMC, it will have the largest market value among its peers
3 days ago
Btw, most intellectual property owners stipulate that their vendors cannot use AI in production because it will infringe copyright
3 days ago
Generative art/videos are hard to go mainstream currently, it will never truly replace traditional art/animation.
3 days ago
2D animation is just a medium for IP owner to choose, they not necessary have stick with 2D. Like Marvel IP, it can be comic book, 3D animation, life action movie or even Ai related medium.
2D animation just a tool for them to develop and expand their IP. meaning choice is on IP owner hand, not up to 2D company decide if they can get the project.
One of the reason Disney dismissed their 2D hand drawn animation department after 3D medium became game changer for them back in 2000 era.
As far as i know, one of the client they actually related to netflix. To be fair netflix have outsource alot local content project to relevant region.
meaning, if netflix have 2D IP wanna push in Vietnam, they likely to consider Vietnam related 2D company to outsource to them. unless there no other choice.
it infringe copyright because both parties never agree in the 1st place.
who know in future like netflix or other content publisher find a company that able pull off to deliver 2D style animation by using Ai related medium with more efficient and affordable cost.
Rumor say, Disney, a 3D animation company, they been secretly developing their own Ai model to push their in-house production instead of rely on more labor force.
Guess what come next to 2D industry? take a leap or stay comfort zone.
3 days ago
I believe AI assists is possible, but not 100% rely on it... let the big animation like disney, pixar produce some result first I think. Back to market talk, kucingko as a animation company are really niche in bursa & fundamental are pretty good too, really cant see any harm not to apply
3 days ago
By the way, the PE ratio for Kucingko is 17.95x, not 18.75x. Using EPS 1.67 cents in FY2023
2 days ago
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
2 days 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
2 days 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.
2 days 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.
2 days ago
Just curious, FYE22 and FYE23 PBT not 9mil and 10mil meh? Why u say FYE 2021 PBT 8.1 mil is the highest?
2 days 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.
2 days ago
AI can make most jobs more efficient, but it won’t replace jobs. Anyhow, Kucingko doesn't have competitors in Bursa Malaysia
2 days ago
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Kucingko fixes IPO price at 30 sen, set to be first animation studio on Bursa
https://theedgemalaysia.com/node/717190
1 week ago