ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Kuke Music Holding Limited

Kuke Music Holding Limited (KUKE)

1.245
-0.005
( -0.40% )
Updated: 15:55:05

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

Key stats and details

Current Price
1.245
Bid
-
Ask
-
Volume
25,798
1.11 Day's Range 1.26
0.45 52 Week Range 4.07
Market Cap
Previous Close
1.25
Open
1.25
Last Trade
66
@
1.23
Last Trade Time
15:59:11
Financial Volume
$ 30,671
VWAP
1.1889
Average Volume (3m)
111,005
Shares Outstanding
33,251,723
Dividend Yield
-
PE Ratio
-0.63
Earnings Per Share (EPS)
-1.96
Revenue
110.58M
Net Profit
-65.29M

About Kuke Music Holding Limited

Kuke Music Holding Ltd provides classical music licensing, subscription, and education services in China. The company licenses its music content primarily to online music entertainment platforms, such as Tencent Music Entertainment Group, digital music service providers, such as NetEase Cloud Music,... Kuke Music Holding Ltd provides classical music licensing, subscription, and education services in China. The company licenses its music content primarily to online music entertainment platforms, such as Tencent Music Entertainment Group, digital music service providers, such as NetEase Cloud Music, as well as film and TV production companies, airlines, and smart hardware companies. Users can access the platform through the website, mobile app, and smart music devices. Show more

Sector
Schools & Education Svcs,nec
Industry
Schools & Education Svcs,nec
Headquarters
Grand Cayman, Cym
Founded
1970
Kuke Music Holding Limited is listed in the Schools & Education Svcs sector of the New York Stock Exchange with ticker KUKE. The last closing price for Kuke Music was $1.25. Over the last year, Kuke Music shares have traded in a share price range of $ 0.45 to $ 4.07.

Kuke Music currently has 33,251,723 shares outstanding. The market capitalization of Kuke Music is $41.56 million. Kuke Music has a price to earnings ratio (PE ratio) of -0.63.

KUKE Latest News

Kuke and Jidou Join Forces in the AI Music Market

Beijing, June 14, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a leading classical music service platform in China with approximately 3 million...

Kuke Music Makes Initial Steps into AI Music Field

Kuke Music Makes Initial Steps into AI Music Field PR Newswire BEIJING, June 6, 2024 BEIJING, June 6, 2024 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a...

KUKE Announces Purchase Terms with Naxos One

BEIJING, May 24, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holdings Limited (“Kuke” or the “Company”) (NYSE: KUKE), the leading classical music service platform in China, is pleased to announce that...

KUKE Enters Strategic Partnership with China National Youth Palace Association

KUKE Enters Strategic Partnership with China National Youth Palace Association PR Newswire BEIJING, April 18, 2024 BEIJING, April 18, 2024 /PRNewswire/ -- Kuke Music Holdings Limited ("Kuke" or...

Kuke Music Establishes R&D Center in Guangzhou

Kuke Music Establishes R&D Center in Guangzhou PR Newswire BEIJING, March 14, 2024 BEIJING, March 14, 2024 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company") (NYSE: KUKE), a...

Enjoy Your Drive with Music

Enjoy Your Drive with Music PR Newswire BEIJING, Feb. 22, 2024 Kuke Music to Launch Innovative Classical Music Car Connectivity Application BEIJING, Feb. 22, 2024 /PRNewswire/ -- Kuke Music...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.005-0.41.251.361.1171331.23893691CS
4-0.395-24.08536585371.641.70.7592171.32876616CS
12-1.175-48.55371900832.424.070.71110052.43395481CS
260.200619.20720030641.04444.070.7860352.35971192CS
520.7688161.4447711050.47624.070.45528682.07203278CS
156-4.085-76.64165103195.337.150.33837042.33660922CS
260-9.865-88.793879387911.1111.720.33907943.55660773CS

Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
AAGRAfrican Agriculture Holdings Inc
$ 0.00
(0.00%)
0
AADRAdvisorShares Dorsey Wright ADR ETF
$ 0.00
(0.00%)
0
AADIAadi Bioscience Inc
$ 0.00
(0.00%)
0
AACIArmada Acquisition Corporation I
$ 0.00
(0.00%)
0
AACGATA Creativity Global
$ 0.00
(0.00%)
0
AAGRAfrican Agriculture Holdings Inc
$ 0.00
(0.00%)
0
AADRAdvisorShares Dorsey Wright ADR ETF
$ 0.00
(0.00%)
0
AADIAadi Bioscience Inc
$ 0.00
(0.00%)
0
AACIArmada Acquisition Corporation I
$ 0.00
(0.00%)
0
AACGATA Creativity Global
$ 0.00
(0.00%)
0
AAGRAfrican Agriculture Holdings Inc
$ 0.00
(0.00%)
0
AADRAdvisorShares Dorsey Wright ADR ETF
$ 0.00
(0.00%)
0
AADIAadi Bioscience Inc
$ 0.00
(0.00%)
0
AACIArmada Acquisition Corporation I
$ 0.00
(0.00%)
0
AACGATA Creativity Global
$ 0.00
(0.00%)
0

KUKE Discussion

View Posts
Monksdream Monksdream 3 months ago
KUKE new 52 hi
👍️0
Monksdream Monksdream 4 months ago
KUKE 10Q due 3/22
👍️0
Monksdream Monksdream 5 months ago
KUKE new 52 week high
👍️0
Monksdream Monksdream 5 months ago
KUKE new 52 week high
👍️0
JohnQQ JohnQQ 3 years ago
Kuke Music Holding (KUKE) operates in a growing market and shows significant gross profit margin. There are several risks that investors need to understand. The company has one large supplier, which I don’t appreciate. I also believe that the recent acquisition made by KUKE was too expensive. Hence, in my opinion, this is a company that only institutional investors will study. In my view, KUKE will most likely trade with a total valuation of $74-$300 million. I would buy if the market capitalization crosses the $74 million mark.


https://stockmarketrevolution.com/archives/15254

Business

Kuke Music Holding offers classical music licensing and subscription in China. According to Frost & Sullivan, the company is one of the largest classical music subscription providers in China. Taking into account only this fact, I think that the company will be very interesting for institutional investors:

Powered by our rich and diverse content offerings, we were the largest classical music licensing service provider and the second largest online classical music subscription service provider in China in 2019, according to Frost & Sullivan, representing 46.6% and 13.8%, respectively, of the market share in terms of revenue.

Kuke Music Holding appears to be having good relationships with some of the most well-known music labels in the world. We are talking about Naxos, which helped Kuke create what appears to be the largest library of classical music content in China. The company owns exclusive rights of over 1.8 million music tracks.

The number of Kuke’s clients also appears very overwhelming. As of September 30, 2020, the company reported 743 743 institutional subscribers with 444 universities in China.

With regards to Kuke’s target market, the company is operating in a growing industry. The global music streaming market was valued at USD 20.9 billion in 2019, and is expected to increase at a CAGR of 17.8% from 2020 to 2027.

If we talk about the market in China, the numbers are also beneficial. Digital music is expected to show a growth rate of 12.3% CAGR from 2020 to 2025. I would expect the company’s sales growth to be close to this figure.

Specifically, the classical music market in China is expected to grow at a CAGR of 9.3% from 2020 to 2025. If the company performs better than the market, Kuke could be delivering sales growth of more than 9.3% y/y. However, I don’t believe that most investors will expect Kuke to do much more than that. Notice that the company did not deliver organic sales growth in 2019.

Its market size, as measured by total revenue generated from classical music licensing, paid subscription of online classical music subscription service providers and box office receipts of classical music performances, grew from RMB1,040.4 million in 2015 to RMB1,738.4 million in 2019, at a CAGR of 13.7%, and is expected to reach RMB2,396.6 million by 2025, at a CAGR of 9.3% from 2020 to 2025. Source: Prospectus

Large Gross Profit Margin

Kuke does not report sales growth, but it does report massive gross profit margin. In 2019, the gross profit margin was equal to 66%, which is quite large as compared to other companies. The gross profit margin of Spotify (SPOT) is close to 21%.

As far as the balance sheet is concerned, in 2020, Kuke enhanced its financial shape quite a bit. The total amount of assets increased by 56% in the 9M 2020. At the same time, total liabilities decreased by 14%. With that, certain shareholders may not appreciate the transactions that generated such impressive financial gain.


https://stockmarketrevolution.com/archives/15254
👍️0

Your Recent History

Delayed Upgrade Clock