Share price movement in B2B media companies involved in Asia
/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 2019)
Weekly Newsletter
Management changes at HKTDC and HKTB
/Hong Kong, 28th February: Last week, the Hong Kong Tourism Board (HKTB) and the Hong Kong Trade Development Council (HKTDC) announced senior management changes.
Read MoreInforma’s revenues up 3.7% in 2018
/London, 7th March: Yesterday, London-based Informa plc announced its results for the year ended 2018. Revenues were £2.37 billion (US$3.01 billion) with underlying growth of 3.7%. Its adjusted operating profits increased by 2.3%, reaching £732 million (US$929 million).
Read MoreMesse Frankfurt forms textile alliance in India
/India, 22nd February: Last month, Messe Frankfurt, the organiser of Texprocess India, entered into a strategic alliance with MEX Exhibitions, the organiser of Gartex India, to form a “unified industry platform” which will be named Gartex Texprocess India.
Read MoreReed Exhibitions acquires India BIG7
/India, 4th March: This week, Reed Exhibitions, a leading global exhibition organiser, announced the acquisition of India BIG7, one of India’s largest trade events for gifts, stationery, writing instruments, office supplies, kitchenware and home décor. No financial details of the deal were provided.
Read MoreTaipei Nangang Exhibition Center Hall 2 opens
/Taipei, 4th March: The long awaited Hall 2 at the Taipei Nangang Exhibition Center opened on 4th March. The new addition raises the capacity of Nangang from about 45,000 m2 to almost 80,000 m2. The venue now has capacity for 5,000 booths. Hall 2 will also be known as TaiNEX2. According to TAITRA, 38 meeting rooms at the TaiNEX2 are still under construction. Those facilities are expected to be completed in October 2019.
Read More90,000+ buyers join HKTDC’s twin jewellery shows
/Hong Kong, 26th February: The Hong Kong Trade Development Council (HKTDC) concluded its twin jewellery shows earlier this month, attracting more than 90,000 buyers from 141 countries and regions. This represents an increase of 4% over the figure recorded last year.
Read MoreShare price movement in B2B media companies involved in Asia
/Share price movement
Read MoreICC Sydney generates US$578m in economic impact
/Sydney, 27th February: In 2018, the International Convention Centre Sydney (ICC Sydney) has reported that it generated A$820 million (US$578 million) in direct expenditure, compared to A$785 million (US$553 million) recorded in 2017.
Read MoreMacau hosts 1,400+ MICE events in 2018
/Macau, 27th February: Earlier this week, Macau’s Statistics and Census Service (DSEC) released its MICE statistics for the fourth quarter as well as the full year of 2018. A total of 1,427 MICE events were held in Macau during 2018. That is 46 events more than in 2017. The total number of participants increased 12%, to more than 2,120,000.
Read MoreMesse Düsseldorf India acquires dental event
/New Delhi/Düsseldorf, 22nd February: Messe Düsseldorf India, the Indian subsidiary of international exhibition organiser, Messe Düsseldorf Group, announced the company has acquired the FAMDENT Shows, an Indian trade event addressing the dental medical industry. No financial details were disclosed.
Read MoreGL events to acquire 55% of CIEC Union
/Beijing, 28th February: GL events announced plans to acquire 55% of CIEC Union, subject to approval from the Ministry of Commerce of the People’s Republic of China (MOFCOM). Financial details for the acquisition were not released.
Read MoreMega Expo posts loss in the half-year result
/Hong Kong, 27th February: Mega Expo, formerly known as Kenfair, a Hong Kong-based exhibition organiser, recently reported its interim results for the six months ended 31st December 2018. The company reported revenues of US$36 million, representing growth of 284% year-on-year. However, Mega Expo posted a net loss of US$16 million in the same six-month period, compared with a net profit of US$5.8 million in the same period in 2017.
Read MoreBaidu’s profits rise 51% in 2018
/Beijing, 21st February: Last week, Baidu, the leading search engine in China, released its results for the financial year 2018. Revenues were US$15 billion for the financial year 2018, representing a year-on-year 28% increase. Net profit in the year grew 51%, reaching US$4.0 billion. Diluted earnings per share in 2018 were RMB 78.03 (US$11.35).
Read MoreTarsus’ revenues up 46% in 2018
/London, 27th February: Earlier this week, London-based Tarsus Group announced its year-end results for 2018. The group reported revenues of £100 million (US$127 million) – up 46% compared with 2016. In 2018, the company recorded 45% growth of adjusted profit before tax compared with 2016, reaching £28 million (US$35 million). The number of buyers attending Tarsus’ shows during the year increased 10% on a like-for-like basis.
Read MoreShare price movement in B2B media companies involved in Asia
/Share price movement
Read MoreMade-in-China’s revenues and profits fall in 2018
/Nanjing, 1st February: Last week, Focus Technology, the holding company of Made-in-China.com, reported its financial results for the year ended 31st December 2018. Total revenues were US$127 million in the year, which represents a year-on-year decrease of 28%. Net profit for the year recorded a decline of 23% down to US$8.2 million. The diluted earnings per share in 2018 were RMB 0.24 (US$0.035).
Read MoreBOL’s profit jumps 36% in 2018
/Bangkok, 14th February: Last week, Business Online (BOL), a leading online information service provider in Thailand, announced that it recorded revenues of US$15 million for the year ended 31st December 2018, representing a 12% year-on-year increase. BOL’s net profit jumped 36% reaching US$3.2 million. Diluted earnings per share in 2018 were Baht 0.13 (US$0.0039).
Read MoreRELX’s exhibition revenues up 6% in 2018
/London, 21st February: Yesterday, the RELX Group (formerly Reed Elsevier) released its financial results for the year ended 31st December 2018. Total revenues were £7.5 billion (US$9.5 billion), representing an underlying increase of 4%. Adjusted operating profit increased by 6% to £2.3 billion (US$3.0 billion).
Read MoreBid Fund secures US$134m of events for Australia
/Australia, 18th February: Tourism Australia’s Business Events Bid Fund Programme (BFP) has reportedly doubled the value of business events secured in Australia in the past three months reaching A$187 million (US$134 million).
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