DESIGN STUDIO: A cheaper alternative to Kingsmen Creative?

Details
Page 1 of 2

This article was recently published in the Let's Get Rich Together blog, and is reproduced with permission.


350bedroomreflectionsDesign Studio is Singapore's leading furniture manufacturer, interior fitting-out and product specialist. They serve the residential, commercial and retail properties. 

DS is slightly different from the more popular Kingsmen Creative which specialises in Corporate/Retail Interiors, Exhibitions/Events, Theme parks & Museums.

3 Business Segments

Residential - supply and install products like Kitchen cabinets, vanity cabinets, wardrobes etc.
Commercial - Interior fitting out to Hospitality and Commercial developments
Distribution - Distribute imported brands in Singapore 


Notable clients

  • Trump Tower, Las Vegas
  • Burj Khalifa, Dubai
  • Resorts World Sentosa
  • Marina Bay Sands
  • City Developments
  • Capitaland 
  • Keppel Land - Reflections at Keppel Bay
  • GoucoLand Limited
  • Far East Organisation
  • South Beach Mixed Development
  • Westin Hotel, Marina Bay


These big names bodes well for DS' reputation, helping them to gain more clients in the future.

Valuations
Design Studio
PE ratio = 6.8
PB ratio = 1.2
Dividend yield = 11.8% (more on that later)

Kingsmen Creative
PE ratio = 11.5
PB ratio = 2.0
Dividend yield = 4.0%

Past results

rev pbt margin7.15

bs.div7.15

orderbook7.15


order7.15

You may also be interested in:

images/stories/Misc2021/Koda-CEO_James_Koh.png KODA: Redefines Furniture Design With Flair
images/stories/AEM/LokeWaiSan_2.2018.jpg AEM: Acquires California-based DB Design Group
images/stories/Andrew_Sept2013/houtiancheng_enorth.jpg Chinese Teenager Designs Market-Outsmarting Software
images/stories/Andrew_Dec2012/ports_mgnt_me_opt.jpg PORTS DESIGN Boosts Sales 9.2% Despite Weak Sentiment
http://www.nextinsight.biz/images/stories/Design_studio/202burj%20dubai.jpg DESIGN STUDIO: Higher price of 65 cents now offered by Depa
http://www.nextinsight.biz/images/stories/miscellanous_may10/thumbsdown.jpg DESIGN STUDIO shareholders advised to reject Depa's buyout offer

Comments  

#3 Dane 2015-08-09 16:36
Lotus: I think CEI Contract Mfrg deserves a higher priority. Just look at the shocking increase in interim dividend. :)
#2 lotustpsll 2015-08-01 10:40
I have included Design Studio into my high yield list following its 1H results which were released last evening. Key notes:-
- marginal Qtr profit growth against corresponding 2Q14
- order books remain solid
- interim dividend per share raised
Performance is impressive considering slower market conditions.
#1 lotustpsll 2015-07-29 14:44
Good article, well articulated.

Am vested earlier in view of its established business model, rising order books and strong FCF and financial position. A quality stock and one should hold long term as high yield play..

You have no rights to post comments

Counter NameLastChange
AEM Holdings2.3700.030
Best World2.460-
Boustead Singapore0.945-0.015
Broadway Ind0.133-
China Aviation Oil (S)0.920-0.005
China Sunsine0.4200.005
ComfortDelGro1.480-
Delfi Limited0.895-
Food Empire1.260-
Fortress Minerals0.300-0.005
Geo Energy Res0.305-0.005
Hong Leong Finance2.500-
Hongkong Land (USD)3.1400.020
InnoTek0.5500.030
ISDN Holdings0.305-0.005
ISOTeam0.0440.001
IX Biopharma0.0420.001
KSH Holdings0.250-
Leader Env0.047-0.004
Ley Choon0.045-
Marco Polo Marine0.067-
Mermaid Maritime0.139-0.001
Nordic Group0.305-0.005
Oxley Holdings0.088-0.001
REX International0.133-0.003
Riverstone0.795-0.020
Southern Alliance Mining0.430-
Straco Corp.0.485-0.025
Sunpower Group0.2100.005
The Trendlines0.067-
Totm Technologies0.022-
Uni-Asia Group0.820-0.005
Wilmar Intl3.470-0.030
Yangzijiang Shipbldg1.740-0.010
 

We have 1122 guests and no members online

rss_2 NextInsight - Latest News

All Rights Reserved @ NextInsight Pte Ltd