Has mm2 share price lost its magic? Like many homegrown listed companies, mm2 share price suffered from unjustified poor valuations in recent years despite clocking in decent business performances. Perhaps it is a case of being listed in the wrong place and wrong time, resulting in mm2 share price being grossly misunderstood by many investors. It also doesn’t help that most Singaporean investors tend to invest in dividend stocks or REITs, leading to the pervasive lack of interest in growth stocks like mm2.
As a Singaporean, I am always supportive of homegrown companies, especially the small and medium ones. Secondly, as a content producer, mm2’s business model resonates with my blog, SG Wealth Builder. But I reckon the impetus for this equity research is my fear that mm2 may be on the verge of throwing in the towel and potentially privatize to seek a