Kingsmen Creatives

Kingsmen Creatives: Secured eight contracts for an aggregate $75.4m from Singapore GP Pte Ltd for works for the Formula 1 Singapore Grand Prix and a US theme park operator for works at a theme park in China. Five contracts worth $31m for the Formula 1 Singapore Grand Prix involve fabrication and construction of grandstand seats at three locations will span three years. Additionally, interior fit out works at the Paddock Club and works at the corporate hospitality suites will span five years. Three contracts worth $44.4m for the theme park in China include the design, fabrication and installation of thematic show sets, props, lightings and audio visual fittings with an estimated completion date by the end of 2015. At price of $0.88, Kingsmen trades at 8.8x P/E. OSK DMG has a BUY rating with TP of $1.08.