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mm2 Asia
Broker's Calls
'Buy' mm2 Asia despite FY21 net loss, profits expected by FY23: UOB Kay Hian
mm2 Asia reported a FY2021 ended March 31, 2021 core net loss (excluding impairments and other fair value loss) of $44.3 million.
June 07, 2021
Broker's Calls
With plans to rid debt, 'hold' mm2 Asia as the show must go on: DBS
Overall net loss for FY2021 was $102.0 million.
May 31, 2021
Ron Sim signals growing interest in media business with mm2 Asia and GHY stakes
Ron Sim of Osim fame emerges as substantial shareholder of mm2 Asia; reveals interest in media including GHY Culture & Media.
May 07, 2021
Ron Sim emerges as substantial shareholder of mm2 Asia
Sim is known to be a cornerstone investor at another entertainment company, newly-listed GHY Culture & Media
April 30, 2021
Broker's Calls
Expect 'blockbuster recovery': UOB Kay Hian starts mm2 Asia with 'buy' as the show goes on
UOB Kay Hian Research analysts set the target price at 9.8 cents, representing a 42.0% upside.
April 28, 2021
Covid-19
Patience needed before silver screen shines again, says Melvin Ang of mm2 Asia
“Give us time. We are on the right track. Wait and you’ll see more."
February 26, 2021
Broker's Calls
Buffeted by cinema closures, mm2 Asia reducing gearing with corporate actions: analysts
Proposed actions include a spin-off and listing of its cinema business and a possible merger with Golden Village cinemas.
February 22, 2021
Company in the news
Singapore private equity investor expresses interest in mm2 Asia core business
The company adds that the discussions are “at a very preliminary stage” and did not identify the investor by name.
February 08, 2021
Company in the news
mm2 Asia to tap shareholders for $52.15 mil with 1-for-1 rights issue
Shareholders are entitled to subscribe for a new mm2 Asia rights share at 4.7 cents, a hefty discount of 60.83% to closing price.
February 03, 2021
M&A
mm2's Cathay in merger talks with Golden Village
As part of the deal, the parties aim to bring in new investors to help beef up the combined entity.
December 09, 2020