Cathay Cineplexes

mm2 Asia posts 13.2% increase in 1Q earnings to $7.3 mil
SINGAPORE (Aug 14): mm2 Asia reported 1Q19 earnings increased by 13.2% to $7.25 million, compared to $6.40 million in 1Q18. This came on the back of the group’s revenue almost doubling to $49.0 million from $24.6 million in the previous year. This was mainly contributed by the group’s business assets from Lotus Fivestar Cinemas in Malaysia and a newly acquired subsidiary, Cathay ...
An entertaining growth story is due to play out for mm2 Asia, says DBS
SINGAPORE (May 30): DBS Vickers Securities is reiterating its “buy” call on mm2 Asia, but with a lower target price of 70 cents compared to 75 cents previously after implementing a downward valuation PEG adjustment for the group, in line with peers. Previously valued at 25 times FY19F earnings, the new target price is now pegged to 21 times, which is slightly lower than consensus’ ...
mm2 Asia scores a home run with fourth cinema acquisition
SINGAPORE (Nov 7): CIMB is positive on mm2 Asia’s proposed acquisition of Cathay Cineplexes, which it believes will give the entertainment group a strong foothold in Singapore and enhanced bargaining power with suppliers in the industry. This will mark the group’s fourth cinema acquisition and its first outside of Malaysia, following its aborted Golden Village (GV) Singapore deal. See: ...
mm2 Asia in option agreement to acquire Cathay Cineplexes for $230 mil
SINGAPORE (Nov 2): mm2 Asia has entered into an option agreement with Cathay Organisation for the purchase of 100% of Cathay Cineplexes. The total consideration payable for the proposed acquisition is $230 million or 13.8 times Cathay Cineplexes' FY16 EBITDA. The move will see mm2 Asia acquiring Cathay Organisation's entire Singapore cinema operations and the venerable “Cathay" ...