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mm2 Asia
Company in the news
'No concerns' on mm2 Asia’s ability to operate after positive post-financial year events of over $100 mil
In its audited financial statements, mm2 Asia reported a net loss of $42.0 million for the FY2022.
July 14, 2022
Equity raising
mm2 Asia raises $54 million to refinance debt
“The deal has come at an opportune time for us to build back stronger during this recovery phase"
June 16, 2022
Broker's Calls
mm2 Asia on track for recovery, 104% upside ahead: UOB Kay Hian
mm2 Asia is also exploring ongoing options to restructure its debt, including an IPO or divestment of its cinema business.
June 10, 2022
Broker's Calls
High gearing 'a main drag' on mm2 Asia, revenue recovery at least a year away: DBS
“mm2 Asia had proposed several initiatives in the past to pare down its debt, but these have since lapsed.”
June 02, 2022
Results
mm2 Asia narrows FY2022 loss by 60.6% to $35.8 mil
The group posted higher revenue in the FY2022 as its operations gradually recover from the Covid-19 pandemic.
May 31, 2022
Results
Vividthree posts wider loss despite higher revenue, sees pick up in business
Company MD Charles Yeo says there are signs of recovery in its post-production segment.
May 29, 2022
Broker's Calls
UOBKH adds MM2, SIAEC and Venture to its alpha picks; takes profit on BRC Asia and Yangzijiang
The analysts have given “buy” calls on MM2, SIAEC and Venture Corp with target prices of 12 cents, $2.80 and $22.80 respectively.
April 04, 2022
kopi-C: the Company brew
Vividthree: Programming the future of digital entertainment
Vividthree was able to make the switch to digital entertainment and focus on IPs.
March 03, 2022
Equity raising
Oei and Goi to invest $19.5 million in mm2 Asia via placement of shares at 5 cents each
Upon completion of the placement, Goi and Oei will each hold 7.18% of the company.
February 23, 2022
Broker's Calls
Coming soon to mm2 Asia: Hollywood blockbusters, NFTs and full recovery by FY2024: UOB Kay Hian
UOB Kay Hian Research analysts expect earnings to post a sharp recovery from FY2022, driven by all three business segments.
February 14, 2022