Shares & Derivatives
mm2 Asia – Reaching Inflection Point
By SmallCapAsia  •  May 1, 2022
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:
  • 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.
Maintain BUY with a higher target price of S$0.115. WHATS NEW Cinemas: Better positioned for recovery. Domestic cinema attendance is poised for recovery as 93% of Singapore’s population is fully vaccinated with 60% having taken the booster shot and close to 80% of Malaysia’s population is fully vaccinated. Cinemas in Singapore and Malaysia have been allowed to reopen since 2H21, albeit at a lower capacity. Singapore’s authorities have allowed 1,000 pax per cinema hall with a 1-metre safe distancing rule...
Read the full article
By SmallCapAsia
Our slogan is simple: Start Small, Win Big! What does it mean? Simply put, we want you to invest your small pockets of money and eventually have them balloon into hoards of cash in the long run – so that you can live your dream lifestyle and most importantly, retire comfortably without having to worry for another day.

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance