$KUCINGKO (0315.MY)$ more news for this company===>[Share Li...
AI summary of the news ===>**Key Points Summary:**
1. **Kucingko Animation Company:**
- First animation company to list on the Malaysian stock market (ACE Market) on July 26, 2024.
- Specializes in 2D animation production, particularly in mid-production phases.
2. **AI and Creativity:**
- Executives Chia Jeong Woo and Wong Kok Fong assert AI is a tool, not a replacement for human creativity.
- AI cannot replicate the subjective experience and nuanced movements designed by animators.
3. **Animation Production Details:**
- Creating animation requires meticulous work; 24 frames per second for smooth transitions.
- AI can assist in preliminary tasks like character design but struggles with detailed animation.
4. **Market Position and Advantages:**
- Kucingko is favored by major US entertainment companies due to their language skills and communication efficiency.
- Malaysia is seen as a rising star in the Southeast Asian animation industry.
5. **IPO and Expansion Plans:**
- IPO price: RM0.30 per share.
- Aiming to raise RM30 million to expand capacity, establish a branch in East Malaysia, and an office in Los Angeles.
- Plans to enhance talent pool by setting up a division in East Malaysia to attract and retain local talent.
6. **Client Base and Revenue:**
- Majority of revenue comes from North America (73.92% in 2023).
- Holds 10 pending orders worth RM24.02 million as of May 2024.
7. **Future Outlook:**
- Intends to diversify into pre and post-production stages.
- Plans to use IPO funds to attract international talent and improve production quality.
8. **Human Resources:**
- Investing heavily in talent as the key asset.
- Plans to establish mobile studios in Sabah and Sarawak, each employing 30 staff members.
9. **Commitment to Quality:**
- Ensures high-quality and timely delivery to meet client expectations.
- Emphasizes stable working conditions in Malaysia as a geographical advantage.
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George Soros II : In summary, is it good to subscribe this IPO? Your opinion?
103509899OP George Soros II: money is youts, u decide. If i decide for u then what happen to turn out to be bad then how?