SINGAPORE (Oct 9): DBS Vickers Securities says shares of mm2 Asia may rise 27% in 12 months as the Singapore-listed movie producing firm gains from rising demand and support for local production and overseas demand.

DBS doesn't have a rating on mm2 Asia but its 12-month target price is 84 cents.

DBS predicts mm2 Asia to grow its business in Taiwan, Hong Kong and China, leveraging on the business relationships the firm has already established.

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