mm2 Asia

'Buy' mm2 Asia despite FY21 net loss, profits expected by FY23: UOB Kay Hian - THE EDGE SINGAPORE

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.
With plans to rid debt, 'hold' mm2 Asia as the show must go on: DBS - THE EDGE SINGAPORE

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.
Ron Sim signals growing interest in media business with mm2 Asia and GHY stakes - THE EDGE SINGAPORE

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.

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
Expect 'blockbuster recovery': UOB Kay Hian starts mm2 Asia with 'buy' as the show goes on - THE EDGE SINGAPORE

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.
Patience needed before silver screen shines again, says Melvin Ang of mm2 Asia - THE EDGE SINGAPORE

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."
Buffeted by cinema closures, mm2 Asia reducing gearing with corporate actions: analysts - THE EDGE SINGAPORE

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.
Singapore private equity investor expresses interest in mm2 Asia core business - THE EDGE SINGAPORE

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.
mm2 Asia to tap shareholders for $52.15 mil with 1-for-1 rights issue - THE EDGE SINGAPORE

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.
mm2's Cathay in merger talks with Golden Village - THE EDGE SINGAPORE

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.
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