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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