LOVE this talk by Anthony (黃耀明 Wong Yiu Ming)!
It is too early to judge the long term performance of 毛記葵涌 Most Kwai Chung (01716) HKEX but the trading activities and closing price (closed at $3.480, drop $2.9 or 45.45% from previous day closing) on its 2nd trading day (March 29th, 2018) after its March 28th listing date isn’t that auspicious to say the least.
Of course, considering its IPO price of HK$1.20, the 2nd trading day closing price of $3.48 is still 290% of listing price. Quoting SCMP March 28th report,
“Hong Kong media firm Most Kwai Chung, which runs popular satirical magazine 100Most and a digital media site tapping into Hong Kong’s youth culture, saw its stock soar as much as tenfold on its trading debut after attracting the most public subscriptions for an IPO in Hong Kong history.
Most Kwai Chung opened at HK$8.40 on Wednesday morning and quickly shot up to HK$11.76, 10 times its IPO price of HK$1.20. It closed at HK$6.38, with 185 million shares having changed hands.
With a current market cap of HK$1.7 billion, the company is more valuable than a slew of established media companies in Hong Kong, including Sing Tao News Corporation, i-Cable Communication, Hong Kong Economic Times Holdings and Next Digital.
“The demand for the stock is largely due to the brand name,” said Alex Wong, director of asset management at Hong Kong-based Ample Capital. “100Most magazine and Most TV are popular among many Hong Kong people.””
See more (with video interviews and video clips) in my 2015 post, “林日曦呢個黑紙100毛人“
By random chance, I came across Jazz singer 胡琳 Bianca Wu (Facebook, nickname Bibi) in some RTHK promos (see below) of a RTHK program: 12音樂門‧逃 – 爵士貓 · 胡琳 about Bianca. (For English speakers, have a listen to Bianca’s renditions of “Fly Me to the Moon“, “Night and Day” in 《Bianca Live: with the New York Jazz Cats》.)
I ended up watching the 12音樂門‧逃 – 爵士貓 · 胡琳 (full 50+ minutes) last night and really enjoyed it. See below for the description from RTHK. And I left two public comments at Bianca’s Facebook page as my words of encouragement which I excerpted with edits here.
//胡琳 Bianca Wu, I just finished watching the RTHK program from Canada. I ended up listening to many songs from the fan club YouTube channel today and actually quite like a few of your songs. My wife (a classically trained soprano in her youth) and I both found your voice very beautiful. What a great example of talent, hard work and determination!
And from a business perspective, how lucky you met Patrick Chu in NYC and have Patrick as your long time music producer and agent! I wish the team a lot more success in the years to come.// [Few words from Patrick.]
//P.S. One more note Bibi. I am amazed how true to yourself you seemed in the RTHK program and that kind of “young at heart” is hard to fake. Bibi, I don’t know what is the story behind the lyrics of “被窩” but the song seems to touch you (and your fans) deeply. That is very cool. Keep up the good work and please stay true to yourself and that should serve you well.
P.P.S. I am no expert in music but I love some of Nina Simone songs. If you haven’t watched it yet, I highly recommend the 2015 Netflix documentary “What Happened, Miss Simone? (2015)” [RT, Indiewire] First rate.
Finally, this picture and sequence of performance before it lead me to think that I should take some time to write you a brief note of encouragement. Good luck and I will keep watching!//
Artists like 胡琳 Bianca Wu who is true to her music and art are hard to find anywhere and especially in Hong Kong (a market now seems to be dominated by manufactured K-Pop stars with some serious downsides like harsh “slave contracts” as reported by BBC).
I don’t personally know Bianca’s music producer/manager/agent Patrick Chu who discovered Bibi originally in NYC in 2006. And I have no insight to the contractual terms between Bibi and Patrick but by the public accounts I’ve read in the media, it seems Patrick has treated Bianca in this music and business partnership well. Somehow Bibi and Patrick reminded me of two other pairs of collaborators. First pair is an obscure Indian mathematician discovered by an English mathematician (Ramanujan and Hardy). The second pair is an obscure Quebec French Canadian singer discovered by a singer/manager (Celine Dion and René Angélil). I think it is fair to say our world will be poorer if these three pairs of collaborators have not met.
Best of luck to Bibi in making more beautiful songs and arts (musical, films). And best of luck to Patrick in helping Bibi to create something fascinating and interesting.
RTHK 12音樂門‧逃 – 爵士貓 · 胡琳 description: //『不是為了取悅樂迷，而是想認真做自己喜歡的爵士樂！』
胡琳九年前加入香港樂壇，初期曾經嘗試過不同路線，後來出版了一張以爵士樂風格翻唱四大天王歌曲的大碟， Read the rest of this entry »
2018 March 28 Update: HKEJ 信報: 【熱炒半新股】毛記葵涌捱沽 自高位累瀉66% //焦點股毛記葵涌(01716)上市逆日急吐，暫時最多跌37.3%，見4元創新低，現跌31.4%，成交額1.37億元。// No idea if people will make or lose money on 記葵涌(01716) “investment”. Note: Click here for current stock price for 毛記葵涌(01716) from HKEX.
Here is a link to recording of the Q&A by Now TV Financial channel.
Here is a link to 100Most FB post (with video).
Here is the Company profile of 毛記葵涌(01716) from HKEX:
“Most Kwai Chung Limited is an investment holding company mainly engaged in the provision of advertising services. Along with subsidiaries, the Company operates its business through three segments. The Digital Media Services segment is involved in provision of advertising solution under which the deliverables to customers are distributed on digital media platforms managed by the Company, third parties’ television (TV) channels, Internet and physical advertising spaces, subject to the needs of the customers. The Print Media Services segment is involved in the provision of advertorial production and advertisement placement services and sale of publications including books and magazines. The Other Media Services segment is involved in the provision of other media services which include events organization and artistes management.”
2017/07/28 update: So “Most Kwai Chung Limited 毛記葵涌有限公司” (note: 100毛 is just one of the brands) is in the process of trying to list on HKEX (news ref). Here are PDF links of its July 26th filed 322-page English (Application Proof (1st submission) (Full Version)) and Chinese (申請版本（第一次呈交）（全文檔案）).
2016/03/14 update: Facebook: 林日曦 很可惜，我們沒有金主， 因為，我們就是金主本人。 (Full FB posting included at the end.)
2016/01/12 update: 【股東擬賣《100毛》】林日曦：我傾家蕩產買番先！
Here is an excerpt of a public FB comment I left at 林日曦’s page.
林老板，可以用錢(就算要“傾家盪產” :) )買番就最好啦。但係對方咁多錢，你就算儲埋好多好多散紙都一定*唔會*掟死佢，因為對方唔等錢洗，一D都無須要賣。 :(
I don’t have access to your private shareholders’ agreement so I don’t know what this (see below) fully implies “the Group [One Media Group] exercises significant influence […] the Group has the power to participate in making the financial and operating policy decisions of this company”.
It does sound potentially “influential” (don’t have to be “bad”). You and your lawyers know more about the legal implications. Good luck.
Note: see below for OMG annual report link.
2015/09/24 update: 香港有你：林日曦
2015/08/18 update: Mandy’s full interview.
// 推介呢個由樹仁新傳網 鍾溥敏Mandy Chung @Symedialab 做的林日曦足本76分鐘的專訪。由樹仁學生問問題的第三部分亦很精彩。因為足本又長的關係，很多時間給Roy發表他的見解，𣎴須被剪短。同意Roy與否，其實比港台做的九分鐘”原來錢作怪”片段更能好好的明白Roy的想法及動機.//
2015/08/07 update: 好好睇，好多語別不同的想法，老少咸宜，一齊學嘢，各取所需！ RTHK 原來錢作怪：林日曦 (start time 13:14)
我慢人幾年，最近先留意到 林日曦 (Facebook Lin Ri Xi) 呢個黑紙、100毛創辦人。而家追睇返一D佢嘅資料。順便同大家分享吓。 2015/05/31 SyMediaLab 鍾溥敏 Mandy Chung, 人物訪問 • 林日曦 黑面神林日曦 2013/08/10 Apple Daily, 火熱悶棍 林日曦 2015/02/02 SCMP, “100Most – a satirical weekly that’s a hit with Hong Kong’s Occupy generation”
“The friends decided they would only meet regularly if there was a joint project to work on together. That decision yielded Black Paper, an A5 size card filled on one side with their pithy political commentary and musings on life and art. The friends each shelled out HK$2,000 to print the first 2,000 copies, which went on sale on New Year’s Day, 2010. Priced at just HK$1, the cards sold out within two days. An additional print run of 20,000 copies was also quickly snapped up. By 2011, the monthly newsletter was being distributed at all 7-Elevens and sales rose to 100,000 copies. Success soon inspired the trio to dream of a bigger platform to air their views:100Most. They quit their day jobs and started the magazine with HK$1 million accumulated from Black Paper’s revenues. “We were fortunate to have a pool of money,” Chan Keung says.“
P.S.林日曦本名”徐家豪” (Roy Tsui according to Wikipedia) P.P.S. Some video clips. 新傳網名人專訪 – 林日曦：做人要習慣短視 2012/12/10 Apple Daily (article) 黑紙林日曦呻：香港搵食好艱難 (according to this clip, One Media Group 萬華媒體 (HKG 0426) is an investor, Chairman Tan Sri Datuk Sir Hiew-king Tiong also owns 明報 Ming Pao holding) “林日曦與商台舊同事阿Bu及陳強2010年合作推出《黑紙》，初時每月一期，到今年每周一期。林形容做《黑紙》等於夾band，分別只是「人哋jam歌，我哋jam字」。”
Note: According to the MD&A section of One Media Group 2014/15 annual report under performance of other media investments section (presumably the smaller and less material investments) (emphasis added),
“Blackpaper Limited is engaged in the publication of “BlackPaper”, “100 Most” and books as well as the provision of creative multimedia services and advertising campaigns. It recorded a satisfactory performance during the year.” Investment of HK$1,000,000 for a 10% effective equity interest. Quoting 2011/12 annual report, (emphasis added) “On 1st February 2012, the Group subscribed for 10% of the entire issued share capital as enlarged by the subscription of the shares in Blackpaper Limited at the investment cost of HK$1,000,000. Although the Group holds less than 20% of the equity shares of this company, the Group exercises significant influence by virtue of its contractual right to nominate and remove one director out of the four directors, all having equal voting rights, which form the board of directors of this company. In addition, the Group has the power to participate in making the financial and operating policy decisions of this company.” Questions: How “significant” are those influence? Can the 10% shares be bought back by Blackpaper Ltd. and at what terms and prices? I hope Blackpaper had a good advisor when the terms were signed in 2012 Feb. In hindsight, looks like Sir Hiew-king Tiong or, more likely, his team has made a nice investment considering the potential for long term success of Blackpaper Ltd.
2015 May 20th, Apple Daily, 【職場秘笈】100毛係地獄？！林日曦：我係惡魔老細
20160115, (with video) 【#多謝Shell】震撼700萬人的冠名內幕
Please support my Indiegogo Funding Campaign for my second documentary “ScrewYouApple”!
Documentary ScrewYouApple – Director’s Summary
ScrewYouApple is a tiny Pentalobe screw-inspired film of action that plans to formally ask Apple to stop screwing customers & Think Different again! ScrewYouApple will explore Apple’s multi-billion dollar cash-generating machine (possibly including the powerful App store) and also document my journey to formally ask Apple to stop screwing customers and get Apple to return to the inspiring ideals set out in Apple’s iconic Think Different “The Crazy Ones” Ad campaign. In a creative manner for a documentary, I intend to use a Shareholder Proposal as defined by the US Securities Exchange Act of 1934 (specifically Rule 14a-8) to formally ask Apple to Think Different again!
Please support the making of ScrewYouApple by choosing a perk on the right of the screen to join us on this epic journey, to try to change the world for the better.
ScrewYouApple – Director’s Statement
If the 1989 documentary “Roger & Me” could be simplistically summed up as a film about director Michael Moore pursuing General Motor CEO Roger Smith to confront him about GM’s harm to Flint, Michigan, then may be ScrewYouApple could also be simplistically summed up as a feature-length documentary about crowd funders & supporters of ScrewYouApple combining our voices to try toformally ask Apple senior executives and shareholders to stop screwing customers and to Think Different again.
The creative spark for ScrewYouApple came from the tiny Pentalobe screws inside a MacBook Pro (see picture). I wondered what design/engineering purposes would the five-pointed Pentalobe screws have in serving Apple or its customers? After doing some research (CNet & iFixit), I learned the tamper-resistant Pentalobe screws (now used in wide range of Apple devices including iPhones) are there to stop customers from performing simple upgrades/repairs like replacing a battery, etc (in a sense to “screw” the customers) so that Apple can make more money. These tiny screws can be viewed as tips of Apple icebergs floating on top a sea change.
With your support, ScrewYouApple will explore the Apple’s multi-billion cash-generating machine (possibly including the powerful App store) and also document my journey toformally ask Apple to stop screwing us (one possible question: stop the use of Pentalobe screws) and get Apple to Think Different again (returning to the inspiring ideals set out in “The Crazy Ones“). (more about “formally ask” in Q&A #2)
Specifically, ScrewYouApple will include a look at the changes/evolution happening in Apple from the 1997 Think Different days to the 2013 Apple of today holding billions of cash. And to reach out to “screwed” Apple customers/former fans to hear and collect some of their stories. By makingScrewYouApple a crowd-supported feature-length documentary, the film aims to transform our singular voices into something loud and clear enough for Apple to notice. The making of ScrewYouApple can be viewed as an example of Marshall McLuhan’s famous quote, “The Medium is the Message.” (more details in Q&A #3)
Please support the making of ScrewYouApple by choosing a perk on the right to join us on this epic journey, to try to change the world for the better. The film’s current target completion date will depend on when I can “formally ask” Apple but you will receive many updates and video clips to watch from me along our epic journey if the fixed-funding campaign goal is met by the deadline!
Thanks for your support in making this film possible,
Kempton Lam (director & producer)
P.S. I don’t hate Apple. In fact, you may be surprised by Q&A #1.
In 2004, Kempton single-handedly directed, produced, shot, and edited his documentary directorial debut “Long Hair Revolution“. The 71 minutes Long Hair Revolution is a film about the then newly elected Hong Kong legislator Leung Kwok-hung (nickname “Long Hair”), a Che Guevara t-shirt wearing rebel/activist. In 2005, Long Hair Revolution world premiered at the Calgary International Film Festival.
In 2009, Long Hair Revolution was acquired by the Canadian government’s “Library and Archives Canada” permanent collection where it “collects and preserves Canada’s documentary heritage, and makes it accessible to all Canadians.”
Questions & Answers
Q1) Do you hate Apple? Have you ever bought any Apple products? Read the rest of this entry »
Don’t know how much I trust or agree with the author but I am including this article for the record.
很多人想知道，香港出版書的銷量，讓我告訴各位， Read the rest of this entry »