mm2 Asia

mm2 Asia is a leading producer of films and TV/online content in Asia. As a producer, mm2 provides services over the entire film-making process – from financing and production to marketing and distribution, and thus has diversified revenue streams. mm2 also owns entertainment company, UnUsUaL, and cinemas in Malaysia and Singapore.
1HFY2021 Results Announcement
Est 15 Nov 2020
FY2020 Annual Report
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13 Jan 21
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9 Dec 20
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1 Dec 20
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14 Nov 20
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15 Oct 20
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2 Oct 20
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17 Sep 20
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16 Sep 20
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1 Sep 20
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1 Sep 20
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1 Sep 20
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1 Sep 20
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24 June 20
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18 June 20
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31 May 20
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24 Mar 20
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19 Feb 20
- Integrated Entertainment Content Giant
- Asia Content Powerhouse
- Re-Inventing The Cinema Business
- Proxy To Consumer Experiential Spending (via UnUsual Limited)
- Proxy To The Rising Penetration Of Virtual Reality (via VividThree)
- Is mm2 Asia Ltd a good growth stock to bet on?
- Update regarding the impact of the coronavirus outbreak on MM2 Entertainment’s businessTW
- MM2 reports positive cash flow amid coronavirus disruptions
- MM2 Asia: Will the sun still shine on media, concerts and cinemas?
- mm2 Asia reports FY2020 EBITDA S$98.3 million and net profit S$6.6 million despite challenging environment
- mm2娱乐6月底主办线上慈善演唱会
- mPlay Asia gearing up for Q3 launch with IMDA Niche TV Service Licence awarded
- MM2 Asia Ltd: A Bet on Pent Up Demand in the Post Virus Asia Entertainment Sector
- Over 100 Singapore shows coming to Netflix
- Cathay launches CineHome movie streaming service, prices to start
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Consensus Rating3.00
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BUY:HOLD:SELL0:1:0
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Consensus TP0.130
Brokerages | Report | Analysts | Recommendation | TP |
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DBS | Ling Lee Keng | FULLY VALUED | 0.130 |
Archive
Price | 0.171 |
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Market Cap (SGDm) | 198.8 |
YE | 31/3/2021 |
Earnings Release Date (Est) | 15 Nov 20 |
52 wk high/low | 0.31/ 0.103 |
YTD % change | -43.9% |
Free Float % | 33.4% |
Insiders Holding | 61.6% |
Key Highlights | 2018 | 2019 | 2020 |
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Revenue (SGDm) | 192 | 266 | 236 |
Net Profit (SGDm) | 22 | 19 | 3.5 |
P/E | 8.9 | 10.4 | 56.8 |
P/B | 1.1 | 0.9 | 0.9 |
Return on Equity | 14.2% | 10.8% | 2.4% |
Net D/E | 13.1% | 76.7% | 83.4% |
No long-term financing arrangements for productions. The commencement of each production is dependent on mm2’s ability to secure funding.
Unavailability of good scripts. Lack of good scripts for production may lead to less support from stakeholders.
Inability to predict the commercial success of movies produced. The commercial success of its productions is primarily determined by inherently unpredictable audience reactions.
High gearing