mm2 Asia

SINGAPORE (Feb 8): DBS Group Research is keeping its “buy” call on mm2 Asia with a marginally higher target price of 75 cents, from 73 cents previously.

SINGAPORE (Feb 7): mm2 Asia, the film producer and distributor, reported 3Q earnings rose 52% to $6.4 million from $4.2 million a year ago.

SINGAPORE (Jan 5): DBS Group Research says expectations for the 4Q17 results season are high after Singapore’s 4Q GDP flash estimates rose at a seasonally adjusted annualised rate of 2.8% q-o-q to beat consensus estimates.

SINGAPORE (Nov 7): CIMB is positive on mm2 Asia’s proposed acquisition of Cathay Cineplexes, which it believes will give the entertainment group a strong foothold in Singapore and enhanced bargaining power with suppliers in the industry.

SINGAPORE (Nov 3): mm2 announced that earnings for 2Q17 more than doubled to $4.6 million compared to $2.0 million in 2Q16.

SINGAPORE (Nov 2): DBS Vickers is reiterating its “buy” call on mm2 Asia with a higher target price of 73 cents, saying the acquisition of Cathay Singapore sets the stage for sustainable growth.

SINGAPORE (Nov 2): mm2 Asia has entered into an option agreement with Cathay Organisation for the purchase of 100% of Cathay Cineplexes.

SINGAPORE (Sept 7): mm2 Asia has seen a personal investment of $10 million by the founders of UnUsUaL, Leslie and Johnny Ong.

SINGAPORE (Aug 14): DBS is reiterating its “buy” call on mm2 Asia after lowering its target price estimate on the stock to 60 cents from 75 cents previously to account for share dilution post its equity fundraising exercise, as well as the cancellatio

SINGAPORE (Aug 14): Entertainment group mm2 Asia has announced earnings of $6.4 million for the first quarter of FY18, up 30% from the $4.9 million in earnings it posted a year ago on higher revenue.