- Cinema attendance expected to recover as the majority of Singapore’s and Malaysia’s populations are vaccinated,
- Robust pipeline of core production business of S$150m-190m in the next 2-3 years, and
- Resumption of in-person concerts. mm2 plans to launch Metaviva, a NFT marketplace. Mm2’s 5x FY24F PE is expected to expand closer to global peers’ average of 21x.
Excerpts from UOB KayHian report mm2 Asia (SGX : MM2 SP) We expect earnings to post a sharp recovery from FY22 onwards, driven by all three segments: