mm2 Asia

Results

UnUsUaL FY20 earnings fall 52.3% to $6.3 mil on postponed concerts and events due to Covid-19

SINGAPORE (May 27): Concert promotion and event production group UnUsUaL reported a 52.3% drop in net profit to $6.3 million for FY20 ended March 31, from $13.2 million a year ago.

Broker's Calls

DBS downgrades mm2 Asia as Singapore shutters cinemas to curb Covid-19

SINGAPORE (Mar 25): DBS Group Research is downgrading its call on mm2 Asia to “fully valued” from “hold”, while reducing its target price to 10.7 cents from 30 cents previously.

M&A

Vividthree in talks to acquire comics content creator DarkBox Studio

SINGAPORE (Dec 27): Vividthree Holdings, the visual effects and computer-generated imagery (CGI) company, says it is in talks to acquire comics content creator, DarkBox Studio.

SERVICES

SATS, whose 'digitalisation' is underway, grabs top spot; Silverlake Axis beats peers on ROE

SINGAPORE (Sept 16): SATS, which provides gateway services and catering to the aviation, hospitality, healthcare, freight and logistics, and government sectors, was the runner-up in the 2018 servic

Broker's Calls

Analysts expect a more exciting performance from mm2 Asia in FY20

SINGAPORE (June 4): DBS Vickers Securities is upgrading its call on mm2 Asia from “hold” to “buy” while raising its target price by a cent to 34 cents, which is pegged to 16 times FY20F earnings fo

Results

mm2 Asia's FY19 earnings fall 14.7% to $19.1 mil on net margin decline

SINGAPORE (May 31): mm2 Asia reported $6.2 million in earnings for the 4Q ended March, down 7.5% from $6.7 million a year ago due to lower revenue and expansion costs.

Results

UnUsUaL reports 32% higher FY19 earnings of $13.2 mil on improved revenue & margins

SINGAPORE (May 27): UnUsUaL Limited has reported $13.2 million in net profit for the FY19 ended March, representing a 32% increase from FY18 net profit of $10 million due to higher revenue and impr

Broker's Calls

mm2 Asia cut to 'hold' by Maybank despite latest box office showing

SINGAPORE (Mar 26): Maybank Kim Eng would rather wait for mm2 Asia’s cinema division to make disclosures in its fiscal-year-end reporting before changing its forecasts.

In print this week

Can mm2 Asia overcome its cinema disappointment?

SINGAPORE (Mar 1): In a few short years since going public, mm2 Asia now owns a chain of cinemas, a concert organiser, a visual effects studio and an online video platform.

Broker's Calls

mm2 Asia remains a 'buy' for Maybank despite reduced forecasts on non-operational leakage

SINGAPORE (Feb 21): Maybank Kim Eng is maintaining its “buy” call on mm2 Asia while lowering its target price on the stock to 34 cents from 57 cents previously, after cutting 2019-21E core profit f

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