Despite posting a net loss for FY2021, mm2 Asia has robust plans in the works and is pivoting to streaming, write UOB Kay Hian research analysts Lucas Teng and John Cheong in a June 7 note.

For those reasons, Teng and Cheong are maintaining their “buy” call on the media and production company, with a lowered target price of 9.5 cents from 9.8 cents previously. 

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