SINGAPORE (Nov 20): CGS-CIMB Securities is maintaining mm2 Asia at “add” as it is seen as a proxy for higher content consumption in the region.

mm2 recently announced its maiden co-production with Netflix with the movie “Triad Princess”.

In a recent report, analyst Ngoh Yi Sin says while productions under the B2B model tend to command lower margins vs B2C ones which are meant for the big screen, their payment terms are better as full funding is usually provided upfront.

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