Back

Singapore eCommerce Company to Benefit from eSports Boost

By Joey Ho | Shares Investment &ndash Thu, Aug 18, 2016 3:30 PM SGT

Companies:

Location-based augmented reality game, Poké mon Go, has been making the headlines for various reasons since its release in Singapore on 6 August 2016. The game, which has gained popularity over a short period of time, highlights the continuous growth and potential of the gaming industry.

With the gaming industry making waves across the globe, we take a look at Singapore-listed YuuZoo Corporation (YuuZoo), which seeks to strengthen its position as a leader in China&rsquo s eSports sector.

The Business

Founded in 2008, YuuZoo combines e-commerce and social networking to create a third generation social networking service which is able to monetise online interactions for brands.

The group which grows its international business through a network of franchisees and partners now has access to over 118 million registered users across 164 countries.

On 12 August 2016, YuuZoo&rsquo s shares last closed at $0.163 per share, translating to a year-to-date loss of 15.5 percent. With the group&rsquo s shares having traded between $0.265 and $0.124 over the past year, the current price is 38.5 percent below the 52-week high and 31.5 percent above the 52-week low.

China&rsquo s Booming eSports Market

eSports, which involve competitive tournaments of video games, especially among professional gamers, has experienced strong growth across the globe. According to SuperData&rsquo s latest report on the eSports market, Asia remains the dominant region with an eSports market valued at US$328 million. The estimated value of the global eSports business is currently US$892 million and is expected to exceed US$1 billion next year.

In China, e-commerce giant Alibaba Group (Alibaba) recently launched AliSports World Electronic Sports Games (WESG), the world&rsquo s highest paying eSports tournament, with 1,200 planned events this year across 15 cities in China. Alibaba has since invested US$15.5 million in the tournaments which boasts a record payout of US$5.5 million.

AliSports Partnership

On the back of the eSports growth in China, YuuZoo&rsquo s Chinese joint venture, YuuGames, has signed an agreement with Alibaba to manage and run AliSports events throughout China and six other countries in South-east Asia.

While the actual value of the multi-million dollar contract has not been disclosed, YuuZoo is expected to gain a significant number of users while generating additional revenue from promotional fees, advertising revenue as well as e-commerce sales.

The partnership with Alibaba boasts strong tailwinds for YuuZoo as it builds a road for YuuZoo to discuss other opportunities with the Chinese powerhouse. Alibaba has also commented that in addition to the WESG, the group will also hold other eSports competitions, likely to result in additional business for YuuZoo.

As the WESG only commenced in April 2016, we might only see contributions coming in the next few quarters.

Strong Financial Position

While we are often favorable towards net cash companies, YuuZoo takes our preference to a new level.

As at 1H16, YuuZoo boasts a debt free financial position with total liabilities of $3.7 million comprising entirely of trade and other payables. While the group&rsquo s cash and short-term deposits stood at $4.8 million, making up just 19.7 percent of total current assets, the level is sufficient for the operations of the company.

In addition, the group&rsquo s debt free position lowers investment risk in the company as it is isolated from effects of interest rate movements. With such a financial position, the group is likely to be able to source for funds should the need arise, as well as obtaining funds at a lower cost.

Attractive Valuations

Currently, YuuZoo is valued at a trailing price-to-earnings (P/E) ratio of just two times and 0.9 times price-to-book. Similar participant in the industry, mm2 Asia, is currently valued at a staggering P/E of 46.1 times.

Although this could be partly attributed to the fact that YuuZoo has yet to declare any dividends, considering the strong bottom line growth, the group&rsquo s maiden dividends may not be too far.

Good Post Bad Post

22-Aug-2016 13:38

YuuZoo Networks / Yuuzoo Next Alibaba Fast -Grow E-commerce

Go to Message

x 0

Yuuzoo is not a news website for football, there are plenty of other news website around

jayarumah ( Date: 22-Aug-2016 13:24) Posted:

Dont make yours the biggest joke of SJ ok ?
Have you seen yuuzoo website ?
I went inside check out their football news ....FAINT......8 MONTHS AGO NEWS ??????

Followers 4 for football news. SJ seems MORE followers : )

Demostation ( Date: 22-Aug-2016 10:14) Posted:

Did you listen to PM' s ND rally speech? He was hoping that one day a giant social network company be also spring up in Singapore. Was he hinting about Yuuzzoo?

Good Post Bad Post

15-Aug-2016 12:27

YuuZoo Networks / Yuuzoo Next Alibaba Fast -Grow E-commerce

Go to Message

x 0

When will the next on line games competiton start? This October?

Good Post Bad Post

16-Jul-2016 10:39

YuuZoo Networks / Yuuzoo Next Alibaba Fast -Grow E-commerce

Go to Message

x 0

why SGX too freeis it...this was old news and already scolded by SGX since last year. why still bring it up?

why not scold others like Nobel etc.. or

Good Post Bad Post

14-Apr-2016 11:57

YuuZoo Networks / Yuuzoo Next Alibaba Fast -Grow E-commerce

Go to Message

x 0

Looks like BB gettin out by creaing a big buy volume and distribute to retailers..

downward trend soon i suppose if above action is true

Good Post Bad Post

25-Feb-2016 21:26

YuuZoo Networks / Yuuzoo Next Alibaba Fast -Grow E-commerce

Go to Message

x 0

x 1

Opening gap up to 0.17x. 10 days to reach $1.xx

Hurt Ah!

Battle123 ( Date: 25-Feb-2016 21:09) Posted:

Wow

Let see how fast can reach 200 meter mark

Good Post Bad Post

19-Jan-2016 12:06

YuuZoo Networks / Yuuzoo Next Alibaba Fast -Grow E-commerce

Go to Message

x 0

today is killing shortist day...

Good Post Bad Post

18-Jan-2016 14:15

InnoPac / any chance for this counter?

Go to Message

x 0

http://money.cnn.com/2016/01/12/news/economy/solar-energy-job-growth-us-economy/

Solar panel to soar in business base on above report.

Innopac has a subsidiary doing Solar Panel http://www.innopacific.com/ourbiz/pgcomms.html

Will Innopac solar panel business soar?

Good Post Bad Post

12-Dec-2015 13:23

Salt Investments / New Beginning

Go to Message

x 0

Any news on the sudden price movement?

Good Post Bad Post

18-Nov-2015 15:55

YuuZoo Networks / Yuuzoo Next Alibaba Fast -Grow E-commerce

Go to Message

x 0

Now best time for BB to buy up & slaughter the shortist to roast pig

Good Post Bad Post

17-Nov-2015 13:33

YuuZoo Networks / Yuuzoo Next Alibaba Fast -Grow E-commerce

Go to Message

x 0

over 4 millions shares gobble up in one go...fierce sia...

Good Post Bad Post

12-Nov-2015 22:06

YuuZoo Networks / Yuuzoo Next Alibaba Fast -Grow E-commerce

Go to Message

x 0

Looking at 0.50...

come... Push it up up up !

Good Post Bad Post

12-Nov-2015 21:00

YuuZoo Networks / Yuuzoo Next Alibaba Fast -Grow E-commerce

Go to Message

x 0

Page 1 of 4

PRESS RELEASE

YUUZOO' S Q3/2015 REVENUES GREW 93% TO S$ 42.6 MILLION, EBITDA GREW 692% TO S$ 20.2 MILLION COMPARED TO Q3/2014

Summary of financial results for nine months ended 30 September 2015:

2015

SGD

2014

SGD

Variance (%)

Revenue 42.6 22.0 93%

EBITDA 20.2 2.6 692%

EBIT 11.6 (1.1) n.m.

Singapore, 12 November 2015: Singapore-listed YuuZoo Corporation Limited (&ldquo YuuZoo&rdquo )

(SGX: AFC) is pleased to report a 93% growth in revenue for the nine months ended 31

September 2015, to S$ 42.6 million (US$ 30.0 million) and an EBITDA of S$ 22.0 million

(US$14.2 million), up 692% over the same period last year.

With growth in all key areas, key contributors to the Q3 numbers were e-commerce, e-sports

activities in China and the launch of a new sport franchise operation in the UK.

Good Post Bad Post

12-Nov-2015 20:57

YuuZoo Networks / Yuuzoo Next Alibaba Fast -Grow E-commerce

Go to Message

x 0

Goals!!!!!

Good Post Bad Post

29-Oct-2015 09:10

InnoPac / any chance for this counter?

Go to Message

x 0

Today ST report that Singapore consider to use Biofuel..

http://www.straitstimes.com/singapore/transport/govt-mulls-over-biofuel-option-at-the-pumps

If this is implemented, Innopac will feel like in heaven..

Good Post Bad Post

20-Oct-2015 09:24

InnoPac / any chance for this counter?

Go to Message

x 0

INNOPAC HOLDINGS LIMITED (Company Registration Number 197301788K) (Incorporated in the Republic of Singapore)

REPLY TO SGX&rsquo S QUERIES ON THE COMPANY&rsquo S &ldquo JOINT VENTURE AGREEMENT BETWEEN INNOPAC HOLDINGS LIMITED AND PRIMEFORTH RENEWABLE ENERGY LIMITED TO COMMERCIALLY CULTIVATE MICROALGAE AND ITS DOWNSTREAM ACTIVITIES&rdquo ANNOUNCEMENT (&ldquo ANNOUNCEMENT&rdquo ) ON 22 SEPTEMBER 2015.

Innopac Holdings Limited (&ldquo the Company&rdquo ) refers to SGX&rsquo s queries on the &ldquo Joint Venture Agreement between Innopac Holdings Limited and Primeforth Renewable Energy Limited to commercially cultivate microalgae and its downstream activities&rdquo announcement on 22 September 2015, and would like to reply as follows:

SGX Query 1: The Company' s Announcement on 22 September 2015 on the JV with Primeforth mentioned that &ldquo Primeforth owns proprietary and patented technologies for commercial microalgae cultivation and harvesting and know-how to recover bio-oil from microalgae&rdquo . Please disclose where the patents are filed and the jurisdictions where the patents are applicable. What are the terms of the license or under which the company or the JV will be able to make use of the relevant patents.

Reply 1: As announced in paragraph 2.3 of the Announcement, the patents held by Primeforth relate to the cultivation and harvesting of microalgae are as follows: Cultivation Patent Patent for microalgae cultivation, tank utilizing aeration, to deliver CO2 and circulation of microalgae. Registration no. 1012946550000 and published on 9 August 2013 at the Korean Intellectual Property Office (&ldquo KIPO&rdquo ). Same patent was filed in Malaysia under number PI 2014002704 and is currently awaiting grant of the patent. Harvesting machine patent Two patents were filed and granted by KIPO pertaining to two versions of the harvesting machine: - Version 1: Patent Application Serial No. 1020120072821 application date on 4 July 2012 and - Version 2: Patent Application Serial No. 1020120103260 application date on 18 September 2012. Subsequently a patent was filed for version 3 of the harvesting machine and is awaiting final publication Unexamined Publication No. 1020140036751. The final patent (Patent no: 100762106) pertains to the conversion method to make biofuel. The patents are enforceable for 20 years from the date of Patent registration. Primeforth will register these patents in all the intended jurisdictions they intend to operate. Primeforth has confirmed that the joint-venture company will have free and unrestricted use of these patents and future patents on cultivation and harvesting of microalgae.

SGX Query 2: It was disclosed that Primeforth has been dormant since inception. Please disclose:- a) When was the patent approved and the duration of the patent b) Duration that the Company can use the patents c) The cost of using the patents charged to the Company and d) Whether of the patents are available exclusively for the JV and if the patents have been successfully commercialized previously.

Reply 2: Primeforth is no longer dormant since entering into a joint venture agreement with MMP Resources Limited in February 2015. a) The various patent approval dates have been disclosed in the Announcement and in Reply 1 above. The patents are enforceable for 20 years from the date of Patent registration b) The joint venture company can use the patents for the enforceable period of Patent registration c) Primeforth has confirmed not to charge the joint venture company for the use of the patents d) The patents are not available exclusively for the joint venture company. The Patents have been successfully commercialized in South Korea and in Japan.

SGX Query 3: It was disclosed that &ldquo Mr Kim had six patents in his name in this specialised field (now under Primeforth)&rdquo . Please provide details on how successful these six patents have been and the commercialization of the patents so far.

Reply 3: The technology has been successfully deployed in South Korea and Japan and successfully tested in Malaysia, Vietnam and the Philippines.

SGX Query 4: The Announcement mentioned that &ldquo Mr. Kim is the founder and CEO of TAC Corp (Korea), Dream Energy Inc. (Korea) and Wero Technologies Sdn Bhd (Malaysia)&rdquo . Please provide details on the businesses of TAC Corp (Korea), Dream Energy Inc. (Korea) and Wero Technologies Sdn Bhd (Malaysia) and whether any of these compete in the areas where the JV will operate and how conflicts of interests have been mitigated.

Reply 4: TAC Corp (Korea) is a South Korean registered entity, primarily conducting research on microalgae and trading of biodiesel in South Korea. Dream Energy Inc (Korea) similarly is a South Korean registered entity, primarily involved in the trading of diesel fuel, supplying biodiesel fuel to construction companies in South Korea. Weros Technologies Sdn Bhd is a Malaysian incorporated company primarily conducting research & development activities in microalgae cultivation in Malaysia. These companies are private companies of Mr Kim, and are not in direct conflict with the business of the joint-venture company as the business activities of these private companies are separate and different from the joint-venture company.

SGX Query 5: It was also mentioned that Mr. Kim is currently the Chairman of Magnum Modular Power Generation Pte Ltd, an indirect subsidiary of a Singapore listed company. Please confirm if Mr. Kim is an Executive Chairman of Magnum Modular Power Generation Pte Ltd. What would be Mr. Kim&rsquo s role in the Joint Venture with the Company and will there be any conflict of interests arising from his chairmanship in the other company. Please provide details on how the conflicts will be mitigated.

Reply 5: To the best of our knowledge and advised by Mr. Kim, he serves as the Chairman of Magnum Modular Power Generation Pte Ltd. (&ldquo MMP&rdquo ) in a non-executive role. Mr Kim shall be primarily responsible for the design and plans for the microalgae farm and advice on microalgae cultivation, harvesting and processing (for oil). He will also be responsible for the provision of the special microalgae species for the joint venture company. The joint venture company does not see any conflict of interest with MMP. The joint venture company&rsquo s business is in the microalgae cultivation business, inter alia, to produce biofuel and other high value products whereas MMP is in the business of power and electricity generation through micro power plants running on crude vegetable oil and biofuel.

SGX Query 6: It was disclosed that the &ldquo Company shall provide the procurement of all necessary permits and approval for the Project and shall also provide the initial and additional capital for the JVCO&rdquo . Please quantify the capital that the Company plans to inject into the JVCO and why capital contribution is not proportionate to their shareholding interests.

Reply 6: The Company intends to inject S$1 million as initial share capital into the joint venture company upon its incorporation. In consideration of Primeforth&rsquo s contribution to the joint venture company as technology partner, with its proprietary, patented knowhow and technologies in the cultivation of microalgae and the recovery of mircoalgae oil, the Company agreed to contribute the entire initial share capital and provide necessary financial assistance for the joint venture company.

SGX Query 7: Please provide the relative figures pursuant to Listing Rule 1006 and comply with Listing Rules 1010 and 1014 where the relevant thresholds are triggered.

Reply 7: This transaction is not an acquisition and Listing Rule 1006 is not applicable.

SGX Query 8: It was disclosed that the &ldquo Parties acknowledged and agreed that on the launch of the first Project, a financing commitment of up to US$12.5 million shall be provided by the Company for inter-alia, the capital investment and working capital requirements of the Project operations&rdquo . Please provide details on when the construction of the first facility will begin and the expected completion date, as well as the production capacity of this facility.

Reply 8: The Company is looking for a suitable site for the establishment of the microalgae farm and ancillary facilities. Once the suitable location has been identified and secured, and ready for construction, the Company expects the construction to complete and operational within six months. Based on the US$12.5 million investment for the project, the microalgae cultivated and harvested is expected to produce up to 20 metric tonnes of microalgae oil per day.

BY ORDER OF THE BOARD OF INNOPAC HOLDINGS LIMITED Wong Chin Yong Managing Director & Chief Executive Officer 5 October 2015

Good Post Bad Post

13-Oct-2015 12:56

Ezra / EZRA HOLDINGS - RED HOT NEWS

Go to Message

x 0

Pickens: Oil back to $70 by Memorial Day

Of course, Russia' s military campaign isn' t the only factor driving up oil prices. Importantly, cracks have begun to emerge in the American energy boom. Government stats released last week showed U.S. oil production fell in September to the lowest level in a year.

Pickens, a reliable oil bull, believes oil prices will hit $70 a barrel by the middle of 2016 due to declining U.S. output.

Pickens said the prediction from Goldman Sachs and others that oil could tumble to $20 will ultimately be proven wrong.

" Goldman' s way off. I know more about it than Goldman knows," Pickens said.

http://money.cnn.com/video/news/2015/10/12/t-boone-pickens-oil-prices.cnnmoney/

HardtoWin ( Date: 13-Oct-2015 12:44) Posted:

oil hitting $70 soon....load while its cheap

Good Post Bad Post

13-Oct-2015 12:44

Ezra / EZRA HOLDINGS - RED HOT NEWS

Go to Message

x 0

oil hitting $70 soon....load while its cheap

Good Post Bad Post

First < Newer 41-60 of 63 Older> Last

ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.