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101-120 of 180
Or 60 cents by year end ?
lsk007 ( Date: 21-Aug-2025 21:53) Posted:
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In celebration of SG60, Creative will rise to $60 by end of sep. This is my dream
$30,000,000 USD = $38,598,002.10 SGD
A billion company?
they need a new team of young techies to turn creative around
Creative Technology warns H2 revenue may be below target, with operating loss similar to that in H1
It says US tariffs and global trade tensions weakened consumer sentiment, dragging down revenue
[SINGAPORE] Creative Technology : C76 +0.61% said that revenue for its second half of the financial year ended Jun 30 is likely to be US$30 million, which is below its target.
In a bourse filing on Friday (Jul 11), the company said that its revenue was &ldquo negatively impacted by the uncertain macroeconomic conditions and weakening consumer sentiments resulting from the US trade tariffs and global trade tensions. These factors have adversely affected the business environment in many markets for the group&rsquo s products&rdquo .
It added that it expects to report a similar level of operating loss as that in the first half-year.
At the same time, the home-grown electronics company said that it is ramping up initiatives to boost revenue growth while optimising resources.
It will announce details of the financial results for the full year ended Jun 30 in August.
The profit guidance comes less than two weeks after the company said that its chief executive officer Freddy Sim will step down from his role on Jul 11 for health reasons, shortly after taking on the top job in May.
The board will look for a new CEO, Creative said in a bourse filing on Jun 30.
dying local company. would close shop or sell to other whales?
Joelton ( Date: 01-Jul-2025 10:30) Posted:
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Creative Technology CEO Freddy Sim to step down for health reasons Tan Jok Tin will serve as interim CEO
The board will conduct a search for a new CEO
[SINGAPORE] The chief executive officer of Creative Technology, Freddy Sim, will step down from his role on Jul 11 for health reasons, shortly after taking on the top job in May.
The board will look for a new CEO, Creative said in a bourse filing on Monday (Jun 30).
During the transition, Creative&rsquo s executive chairman Tan Jok Tin will be the interim CEO.
Sim, 67, will remain as a non-executive, non-independent director at the company, Creative said.
He is the younger brother of Sim Wong Hoo, Creative&rsquo s late founder, who died in January 2023.
closed not bad on friday ..
lsk007 ( Date: 26-Jun-2025 06:30) Posted:
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camp at 50 cents
Seem like there is some vol the last 2 days...
Alibaba can takeover? Now only 0.81
[This was despite higher net sales of US$37.4 million (🤑 SGD$4,822,0190.40), an 18 per cent increase from US$31.8 million (🤑 SGD$41,004,8.29.91) a year ago, from selling new audio products such as the Super X-Fi earbuds and headphones.]
FAKE NEWS!Again.
New CEO has to get Creative, update firm&rsquo s products amid rapid tech advances, says analyst
SINGAPORE - All eyes will be on Creative Technology&rsquo s new chief executive officer to drive innovation at the home-grown electronics firm.
Mr Freddy Sim, 67, the younger brother of the company&rsquo s late founder Sim Wong Hoo, is taking the helm amid widening losses at the firm, rapid technological advancements and stiff competition.
Aletheia Capital&rsquo s head of consumer and internet Nirgunan Tiruchelvam said Mr Sim will need to come up with more relevant and innovative products to help revive the company, noting that it could do more in terms of advanced voice assistant integration and other relevant businesses.
&ldquo The R& D (research and development) spend is very small compared with what the competitors in the US are spending,&rdquo he said.
Creative, in its May 16 filing announcing Mr Sim&rsquo s appointment, noted his experience as an entrepreneur in consumer electronics and technology for over 40 years.
Mr Tiruchelvam said: &ldquo As such, he may be open to the challenges that Creative needs to grapple with, which is to adapt their products to face the evolving technology.&rdquo
Mr Sim, who like his brother will be drawing a nominal monthly salary of $1, said in a statement from the firm that Creative is known as the flag bearer for innovation in the technology industry and that the new senior management team has &ldquo re-strategised and refocused on our core DNA of innovation&rdquo .
The company has said it will reveal more on its next strategic steps in the coming months.
Mr Sim&rsquo s appointment follows a global search for a replacement for Mr Song Siow Hui, a Creative veteran who took over as CEO when Mr Sim Wong Hoo died in January 2023.
Mr Song retired in February. Executive chairman Tan Jok Tin was interim CEO.
Creative declined a request for an interview at this point, saying it is in the midst of restructuring.
Creative, known for products such as the Sound Blaster sound cards under the leadership of Mr Sim Wong Hoo, has faced challenges in recent years.
The company has struggled to keep pace with rapid technological advancements and shifting consumer preferences, leading to a diminished market presence, Dr David Leong, CEO of human resources consulting firm PeopleWorldwide, said in a Facebook post on March 18.
In March, The Straits Times reported that the company retrenched about 40 staff, or 14 per cent of its workforce, as part of restructuring efforts to adapt to evolving market conditions.
Large tech firms such as Microsoft, Meta and Amazon have also cut thousands of jobs, attributing the layoffs to economic challenges and the swift adoption of artificial intelligence technologies.
For the first six months of its fiscal year ended Dec 31, 2024, Creative&rsquo s net loss widened to US$6.1 million (S$7.9 million) from US$4.1 million from the same period a year earlier.
This was despite higher net sales of US$37.4 million, an 18 per cent increase from US$31.8 million a year ago, from selling new audio products such as the Super X-Fi earbuds and headphones.
In its earnings report, the firm warned of uncertainties posed by the import tariffs announced by the Trump administration on certain countries and potential retaliatory measures from these countries, as such moves could heighten inflationary pressures and impact consumer demand.
Creative&rsquo s stock has fallen nearly 23 per cent in 2025 and close to 60 per cent in the past five years.
Mr Tiruchelvam said investors are looking for more evidence of potential value creation given the challenging environment ahead.
Creative said it expects its new products, including speaker products such as the Pebble Nova and Sound Blaster GS5, as well as audio products such as Sound Blaster G8, to drive revenue growth in the second half of 2025.
Mr Sim Wong Hoo, one of Singapore&rsquo s most famous tech entrepreneurs, founded Creative in 1981 and grew it substantially in the 1990s.
Launched in 1989, its Sound Blaster sound cards, which allowed PCs to generate quality sound, were a success and the firm went on to sell more than 400 million units over the years.
Creative became the first Singapore company to be listed on the Nasdaq stock exchange in 1992. But it delisted from Nasdaq in 2007, citing low trading volume.
In 2006, Creative won a US$100 million settlement against Apple for patent infringements involving the iPod. It had launched its Nomad MP3 player in 1999, two years before Apple unveiled the iPod.
Creative later also rolled out other music players, such as the Nomad Jukebox Zen, which doubled as a portable storage device for other media like photos and videos. But its products ultimately lost out as Apple&rsquo s music player gained popularity.
creative is a national icon. temasek should privatise it and keep it alive
Who is this Freddy Sim? Can' t find any information from Google.
Some media use " " to describe him as " seasoned entrepreneur"
What is the meaning of " . ... "
Some media use " " to describe him as " seasoned entrepreneur"
What is the meaning of " . ... "
Joelton ( Date: 17-May-2025 13:12) Posted:
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Creative appoints Sim Wong Hoo&rsquo s younger brother as CEO
[SINGAPORE] Creative Technology : C76 +2.27% has named Freddy Sim, the younger brother of its late founder Sim Wong Hoo, as chief executive officer (CEO). The appointment is effective from Friday (May 16).
Creative said in a filing with the bourse the same day that the 67-year-old, as an entrepreneur for more than 40 years in the field of consumer electronics and technology, would accelerate Creative&rsquo s renewal journey.
Sim, as he reinvigorates Creative, will be paid a nominal monthly salary of S$1 a month, just like his brother, the founder and CEO of Creative who died in 2023 after having revolutionised sound quality in computers in the late 80s with the Sound Blaster sound card.
Creative&rsquo s interim CEO Tan Jok Tin will remain as executive chairman.
Ex-minister George Yeo still holding them?
Creative following Chartered Semi footsteps.
Singapore got talent
Singapore got talent
Newcomer19707016 ( Date: 09-Mar-2025 14:05) Posted:
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Creative share price less than $1 now. So sad
delisting soon? no more iconic sg company liao
shk363 ( Date: 07-Mar-2025 09:25) Posted:
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