Alibaba Group to take controlling stake in Alibaba Pictures

Beijing, 10th December: China’s leading e-commerce company, Alibaba Group, announced the company will increase its stake in Alibaba Pictures from 49% to 50.92%, for HK$1.25 billion (US$160 million) giving the Group a controlling stake.

Under the terms of the agreement, Alibaba Pictures will issue one billion new shares to Alibaba Group at HK$1.25 per share. After the transaction, Alibaba Group will have majority control over Alibaba Pictures. The transaction is subject to customary closing conditions, including, among others requirements, approval of the transaction by the independent shareholders of Alibaba Pictures as well as the Hong Kong Stock Exchange.

According to the company, Alibaba Pictures is “an Internet-driven integrated platform that covers content production, promotion and distribution, IP licensing, cinema ticketing management and data services for the entertainment industry.” The company generated revenues of RMB 1.5 billion (US$223 million) for the six months ended 30th September 2018, up 29% year-on-year. Its net loss in the same period narrowed by 64%, down to RMB 154 million (US$22 million).

Alibaba Group’s CEO Daniel Zhang, said, “The Alibaba Digital Media and Entertainment business group has made great strides in implementing the ‘happiness’ aspect of our ‘Double H’ strategy. We look forward to greater integration and synergies between Alibaba Pictures and related business in Alibaba Group on both content production and distribution to deliver high-quality experiences for consumers in China. The proposed share purchases is a vote of confidence in Alibaba Pictures, and we will continue to invest resources and take full advantage of our ecosystem to help Alibaba Pictures tap into the promising growth prospects of China’s film industry.”

Source: Alibaba Group press release

Pico Thailand’s revenues up 47% in FY2018

Bangkok, 7th December: Last week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, announced its full-year financial results for the year ended 31st October 2018. The company reported total revenues of US$61 million, which is a large increase of 47% year-on-year.

The company’s net profit jumped 61% compared with last year, reaching US$2.2 million in the financial year. Earnings per share for the year were Baht 0.337 (US$0.0101).

Pico Thailand attributed the increase in revenues to a large jump in revenues from its exhibition-related business and its event marketing business. According to the management, its marketing-related revenues have recovered after some unexpected cancellations and postponements of customers’ events last year.

Sources: Pico Thailand financial results, Pico Thailand announcement

CloserStill Media to launch vet show in Singapore

Singapore, 4th December: CloserStill Media, organiser of the London Vet Show, will launch the Singapore Vet next year running from 11th to 12th October 2019 at Suntec City Convention and Exhibition Centre.

Singapore Vet will be launched in partnership with the Singapore Vet Association, the Royal Veterinary College (RVC) and the World Small Animal Veterinary Association (WSAVA). The two-day conference-led exhibition will serve veterinary professionals in the Asia Pacific region. According to the organisers, world-class expert veterinary leaders will share their expertise through conference sessions and provide practical clinics.

Jill Maddison, Professor of General Practice at the RVC, stated, “I am beyond excited about the launch of Singapore Vet and thrilled to be the programme director of the main clinical streams. I hope to bring to Singapore Vet dynamic, relevant and inspiring speakers who will support veterinarians throughout the Asia-Pacific region to enhance their knowledge and skills for the benefit their patients and clients.”

Sources: CloserStill Media press release, Exhibition World article, Exhibition News article

CPhI & P-MEC India opens at new location

New Delhi, 12th December: Earlier this week, UBM India, a UBM plc company, opened its CPhI & P-MEC India. This was the first time that the event was held at India Expo Mart – Greater Noida. It showcased more than 1,600 exhibitors from 42 countries.

Now in its 12th edition, CPhI & P-MEC India, positioned as South Asia’s largest pharma event, was held from 12th to 14th December. Prior moving to the new location, the event was previously held in Mumbai. This year’s show was held during the India Pharma Week (IPW), a weeklong series of pharma-related activities and events.

Yogesh Mudras, Managing Director, UBM India, spoke at the inauguration of the event, “With the 12 edition of the CPhI & P-MEC India expo along with the India Pharma Week shifting to Delhi-NCR region, an important chapter in the pharma industry has unfolded today… With the key stakeholders of the pharma industry congregated under the giant umbrella of the IPW here, these are some of the subjects – along with the business – that we will take to the next level at the power-packed sessions and engagements of this unrivalled celebration of the pharma industry.”

Source: PR Newswire article

HKTDC concludes SmartBiz Expo and Franchising Show

Hong Kong, 7th December: The Hong Kong Trade Development Council (HKTDC) concluded its SmartBiz Expo and Hong Kong International Franchising Show running from 5th to 7th December at the Hong Kong Convention and Exhibition Centre (HKCEC). One of the main themes of the event was “Industry 4.0,” presenting the latest industry developments, technology applications and local case studies for the benefit of small- to medium-size enterprises (SMEs).

The SmartBiz Expo, now in second edition, showcased more than 520 exhibitors from about 40 countries and regions, offering business solutions and innovative business services. Other key segments included smart city developments and e-commerce services.

The fourth Franchising Show featured over 130 exhibitors from 13 countries and regions, showcasing franchising opportunities in various industries across four key zones: the Hong Kong Food and Beverage Zone, the Hong Kong Non-Food and Beverage Zone, the Chinese Mainland Zone, and the International Zone.

During the same period, the HKTDC held three other events at the HKCEC: the Asian E-tailing Summit (5th December), the Business of IP Asia Forum (6th to 7th December), and DesignInspire (6th to 8th December), focused on new technology and covering various stages of the value chain.

Sources: HKTDC press release [1], HKTDC press release [2]

Reed announces new JV with Shanghai Forever Exhibition

Shanghai, 7th December: This week, Reed Exhibitions, a RELX Group company, announced a new joint venture with Shanghai Forever Exhibition. Although announced as new joint venture, this appears to be a Reed acquisition. Detailed terms of the deal were not published.

The new joint venture (JV), Reed Exhibitions Hengjin, will manage the Automotive Manufacturing Technology & Material Show (AMTS), a leading trade exhibition serving the automotive engineering sector in China. AMTS is co-located with Assembly & Handling Technology Exhibition (AHTE). The two shows occupied a gross exhibition area of about 100,000 m2 at the 2018 edition, attracting more than 77,000 professional trade visitors, according to Shanghai Forever.

In addition to the exhibitions, the JV will also organise related conferences and seminars across China throughout the year addressing the automotive engineering and industrial assembly sectors.

Zhou Xiaochuan, Founder of Shanghai Forever Exhibition, commented, “This newly announced partnership with Reed Exhibitions will enable us to extend our reach into the international market. Reed Exhibitions’ strong global network, tradeshow expertise, marketing technology and matchmaking innovations, will make AMTS and AHTE even more successful for our exhibitors and visitors. It’s exciting to see what the future will deliver.”

The next edition of the co-located shows will be held from 3rd to 6th July 2019 at the Shanghai New International Expo Centre (SNIEC).

Sources: Reed Exhibitions press release, Reed Exhibitions China press release, AMTS press release

Share price movement in B2B media companies involved in Asia

Table 1: Stock price of selected media companies, as of 11 December 2018

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Table 2: Share price movement in B2B media companies involved in Asia

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Table 3: PE Ratios of listed Asian B2B media companies

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Figure 1: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement over past 12 months)

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Figure 2: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement since January 2018)

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ITE’ revenues up 11% in FY2018, Chinacoat up 20%

London, 4th December: International event organiser, ITE Group plc, recently released its financial results for the year ended 30th September 2018. Revenues for the year were £175.7 million (US$229 million), representing growth of 11% on a like-for-like basis. Profit before tax was £35.4 million (US$46 million), compared to £31.6 million (US$43 million) in 2017. In addition, the company’s forward bookings for FY2019 were up 11% on a like-for-like basic.

In Asia, ITE generated revenues of £25.7 million (US$33 million) in the current financial year, which represents an increase of 10% on a like-for-like basis. The company organised a total of 29 events in the region during the year. Overall, ITE had a stronger biennial year with three new launches, which offset the disposal of TradeLink in Malaysia.

In China, ITE continues to maintain offices in Beijing, Shanghai and Guangzhou. Its flagship event, Chinacoat/Surface Finishing China (SFCHINA), was held in November 2017 in Shanghai recording 20% growth reaching sales of over 48,000 m2. Another one of its key events in China, Fasteners Expo dropped 35% due to “increased competition.” Net space sold at the Fasteners event declined to 10,700 m2 down from 16,300 m2 in 2017. Finally, Gehua, of which ITE owns 70%, delivered strong results as its food exhibition increased in net size from 20,000 m2 in 2017 to 24,900 m2 in 2018.

Sources: ITE press release, Exhibition World article

3,350 exhibitors at bauma China 2018

Shanghai, 30th November: The latest edition of bauma China 2018 – an international trade fair serving the construction machinery, building material machines, mining machines and construction vehicles sectors concluded last week, posting record numbers. The biennial event was held at Shanghai New International Expo Centre (SNIEC), running from 27th to 30th November.

A total of 3,350 exhibitors from 38 countries and regions showcased their products and services at the show representing an increase of 13% compared with the previous edition held in 2016. Approximately 27% of exhibitors were from outside China, including eight international pavilions from Germany, Italy, Spain, Turkey, the U.S. as well as two Korean pavilions and a pan-European pavilion.

The exhibition covered an area of 330,000 m2 including two new halls and outdoor areas. Approximately, 212,500 visitors attended the show representing a 25% increase over the last edition. According to the organiser, 94% of visitors were from Asia. The top ten countries and regions were: China, Korea, Russia, India, Malaysia, Japan, Taiwan, Thailand, Indonesia, and Singapore.

Stefan Rummel, Managing Director of Messe München GmbH, commented, “2018 was a special year! In the exceptional market environment in China this year, bauma China demonstrated why it has every reason to be called the leading trade fair for the Asian construction machinery market. It set records in all areas. bauma China clearly showed where this industry is heading: Smart, digital and more sustainable technologies are the future. We, the organizers from Messe München, are really proud of this opportunity to help shape the future.”

The next edition of bauma China will be held from 24th to 27th November 2020 returning to SNIEC.

Source: Messe München press release

Largest ever Labelexpo India

India, 4th December: International exhibition organiser, Tarsus Group, recently concluded the 6th edition of its Labelexpo India, which was its largest edition to date, according to the organiser.

Running from 22nd to 25th November, the biennial show took place at the India Expo Centre & Mart in Greater Nodia. A total of 250 exhibitors were showcased at the event covering an exhibition area of 7,073 m2 compared with 200 exhibitors occupying 5,900 m2 at the previous edition in 2016.

Lisa Milburn, managing director for Labelexpo Global Series, stated, “We are absolutely delighted with the overwhelming success of this year’s Labelexpo India. The fantastic visitor number surpassed all our expectations, and the sheer volume of sales achieved over the four days showed how valuable the show has been for generating new business. It is also resounding proof that the Indian label and package printing market is booming, with printer demand for new technology and innovation moving at an incredible rate.”

The next edition of Labelexpo India will return to India Expo Centre & Mart in Greater Nodia running from 28th to 31st October 2020.

Source: Tarsus press release

UBM to launch OSH in Bangladesh in 2019

Mumbai, 29th November: UBM India, a UBM plc company, opened its Occupational Safety & Health (OSH) India on 29th November at Bombay Convention and Exhibition Centre in Mumbai.

During the show, the organiser announced plans to launch a preview show of OSH in Dhaka, Bangladesh next year. OSH will expand to South Asian Association for Regional Cooperation (SAARC) region next year, with the preview edition of OSH Bangladesh in Dhaka running from 18th to 20th April 2019.

In Mumbai, some 130 exhibitors showcased more than 150 Indian and global brands until 30th November. The show provided a platform for the industry to discuss best practices and seek solutions to challenges in workplace safety and the health sector in India.

Speaking at the inauguration of OSH India 2018, Mr. Yogesh Mudras, Managing Director, UBM India, state, “OSH India 2018, addresses the pressing need for raising OSH awareness and standards by providing tangible solutions to organizations to meet and network with suppliers and service providers from across the world that will showcase their innovations and knowledge amidst a vastly untapped Indian market.”

Sources: OSH India press release, Business Standard article

ITB China launches the ITB China Buyers Circle

Shanghai, 28th November: A leading event serving China’s travel industry, ITB China, plans to launch a new event targeting professional Chinese travel buyers. The ITB China Buyers Circle will be held from 12th to 15th December at Wanning in Hainan Province.

The Buyers Circle will feature a custom networking, content-exchange and procurement platform exclusively available for professional Chinese travel product procurement managers. It is expected that approximately 50 leading Chinese travel agencies will participate the inaugural event to discuss topics such as the development opportunities in island adventure travel for Chinese travellers.

At the same time, ITB China announced the launch of the ITB China Travel Trends Report with Kairos Future, an international consulting and research agency. The report will identify current trends in the Chinese travel industry through market surveys and interviewing key industry players. The findings will be published throughout the year and in an annual publication that will be released at the ITB China event.

Source: ITB China press release

IE expo expands portfolio in Chengdu

Chengdu, 29th November: Messe München has announced plans to expand its event portfolio focused on the environmental technology industry by adding a new event, IE expo Chengdu in 2019 running from 27th to 29th June at the Western China International Expo City.

According to the organiser, the new event will focus on the market in China’s western provinces. The Chengdu Municipal People’s Government, the Chengdu Environmental Protection Bureau and the Chengdu Expo Bureau have agreed to partner with Messe München and support the show.

IE expo currently has two events in China, IE expo China in Shanghai and IE expo Guangzhou in the south China. IE expo Chengdu will serve western China.

Jiang Gang, Managing Director of Messe München Zhongmao, stated, “Chengdu is the most relevant transport hub, it is the region’s economic center together with Chongqing, it is part of the prospering economic belt along the Yangtze River and it enjoys strong political support due to its strategic importance for the expansion of the new Silk Road.”

Source: Messe München press release

Share price movement in B2B media companies involved in Asia

Table 1: Stock price of selected media companies, as of 4 December 2018

Table 2: Share price movement in B2B media companies involved in Asia

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Table 3: PE Ratios of listed Asian B2B media companies

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Figure 1: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement over past 12 months)

Figure 2: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement since January 2018)