mm2 Asia

Deep fall in cinema operator stock prices could be a blockbuster opportunity, says our columnist Nirgunan Tiruchelvam.

mm2 Asia expects the cinemas to be financially-independent with the separate listing

Concert promotion and event production group UnUsUaL reported a 52.3% drop in net profit to $6.3 million for FY20 ended March 31, from $13.2 million a year ago.

With the filmmaker already reeling from lower demand in China, DBS analyst Ling Lee Keng believes this could further aggravate mm2 Asia’s near-term outlook.

SINGAPORE (Dec 27): Vividthree Holdings, the visual effects and computer-generated imagery (CGI) company, says it is in talks to acquire comics content creator, DarkBox Studio.

SINGAPORE (Sept 16): SATS, which provides gateway services and catering to the aviation, hospitality, healthcare, freight and logistics, and government sectors, was the runner-up in the 2018 services sector of the Billion Dollar Club. It was edged out by

SINGAPORE (June 4): DBS Vickers Securities is upgrading its call on mm2 Asia from “hold” to “buy” while raising its target price by a cent to 34 cents, which is pegged to 16 times FY20F earnings for the core business, and in line with listed peers

SINGAPORE (May 31): mm2 Asia reported $6.2 million in earnings for the 4Q ended March, down 7.5% from $6.7 million a year ago due to lower revenue and expansion costs.

SINGAPORE (May 27): UnUsUaL Limited has reported $13.2 million in net profit for the FY19 ended March, representing a 32% increase from FY18 net profit of $10 million due to higher revenue and improved margins.

SINGAPORE (Mar 26): Maybank Kim Eng would rather wait for mm2 Asia’s cinema division to make disclosures in its fiscal-year-end reporting before changing its forecasts.