SINGAPORE (Mar 25): DBS Group Research is downgrading its call on mm2 Asia to “fully valued” from “hold”, while reducing its target price to 10.7 cents from 30 cents previously.

The revised rating sees DBS expecting mm2 to yield a negative total return of more than 10% over the next 12 months.

This comes after the government on Tuesday announced that all entertainment venues, including cinemas, will be closed from March 26 to April 30 to contain the spread of the coronavirus.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook