Shares & Derivatives
Kingsmen Creatives Awarded Contracts Worth $22 Million
By My Sweet Retirement  •  April 18, 2018
On 13th April 2018, I receive an email notification about Kingsmen Creatives that they have been awarded with contracts worth $22 million for National Day Parade 2018 and National History Event. Despite the good news, it seems that the market did not react positively. As you can see from the chart above, the stock price of Kingsmen Creatives remains flat below 60 cents. The stock market is really irrational. According to the announcement, the contracts comprise the National Day Parade 2018 and the National History Event valued at S$3 million and S$19 million respectively. The contract for the National Day Parade 2018 involves the build and fabrication of the temporary stage set infrastructure and supporting structures at The Float @ Marina Bay and is expected to be completed by 2018. The contract for the National History Event is a project in 2019 that will showcase the history of Singapore. $22 million ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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