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mm2 Asia kept at 'add' by CGS-CIMB on expanding regional clout

PC Lee
PC Lee6/5/2018 02:36 PM GMT+08  • 2 min read
mm2 Asia kept at 'add' by CGS-CIMB on expanding regional clout
SINGAPORE (June 5): CGS-CIMB Securities expects mm2 Asia to continue growing as a regional media and entertainment platform with a thriving production core business.
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SINGAPORE (June 5): CGS-CIMB Securities expects mm2 Asia to continue growing as a regional media and entertainment platform with a thriving production core business.

In addition, the research house expects full-year contribution from its Cathay acquisition, better box office performance and improving cost synergies to drive FY19F growth for its cinema operations.

In FY18, mm2 posted $192 million in revenue, driven by broad-based growth across all its four segments. This offset higher admin costs and resulted in higher core PATMI of $26.4 million.

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