mm2 Asia

SINGAPORE (Mar 1): In a few short years since going public, mm2 Asia now owns a chain of cinemas, a concert organiser, a visual effects studio and an online video platform.

SINGAPORE (Feb 21): Maybank Kim Eng is maintaining its “buy” call on mm2 Asia while lowering its target price on the stock to 34 cents from 57 cents previously, after cutting 2019-21E core profit forecasts by 48%, 12% and 9%, respectively.

SINGAPORE (Feb 12): Film production company mm2 Asia has reported earnings of $2.0 million for the 3Q19 ended December, 59% lower than earnings of $4.8 million a year ago.

SINGAPORE (Feb 11): UnUsUaL Limited, the Catalist-listed subsidiary of mm2 Asia, reported a 21.7% y-o-y rise in 3Q earnings to $3.1 million compared to $2.5 million a year ago.

SINGAPORE (Dec 10): FOX Networks Group Asia (FNG Asia) flagship Chinese movies channel, SCM will be investing and co-producing a slate of four feature films developed by mm2 Entertainment, a wholly-owned subsidiary of mm2 Asia.

SINGAPORE (Nov 20): CGS-CIMB Securities is maintaining mm2 Asia at “add” as it is seen as a proxy for higher content consumption in the region.

SINGAPORE (Nov 16): DBS Vickers Securities is maintaining its “buy” call on mm2 Asia with a lower target price of 50 cents compared to 62 cents previously, after the group’s 1H19 results came in below expectations.

SINGAPORE (Sept 20): mm2 Asia, whose CEO Chang Long Jong is on The Edge Singapore's cover this week, has appointed Haitong International Securities to conduct a strategic review of the group’s businesses.

SINGAPORE (Sept 14): Chang Long Jong, who took over as mm2 Asia’s CEO in April last year, has his work cut out for him.

SINGAPORE (Aug 30): Vividthree Holdings (VVH), the visual effects studio 51% owned by mm2 Asia, on Wednesday lodged its preliminary offer document for the proposed spinoff and listing on the Catalist Board.