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mm2 Asia
Global Markets
Some gigs are hotter than others
This is why I will still keep my portfolio more at and closer to home
June 28, 2023
IPO
NoonTalk shouts out Singapore with IPO, joins sluggish listed media companies
For FY2023 and FY2024, NoonTalk’s directors plan to distribute dividends of at least 20% of earnings to shareholders.
December 22, 2022
Results
mm2 Asia narrows 1HFY2023 losses by 52.7% to $5.4 mil
With the economy reopening, mm2 is on its way towards a recovery.
November 15, 2022
Broker's Calls
With cinemas reopened to all, UOBKH stays 'buy' on mm2 Asia but cuts TP
“We believe mm2’s earnings will experience an upward trend in FY2023 ending March 2023.”
October 13, 2022
Equity raising
mm2 Asia confirms plans to raise $54 million with bond issue to UOB Kay Hian
mm2 Asia may still explore the potential IPO of the cinema business with a valuation of at least $150 million
September 25, 2022
Singapore economy
Bring the noise: Are investors still in tune with entertainment stocks?
Live concerts are back with a vengeance. Will it be enough to get investors interested in entertainment stocks again?
September 15, 2022
Company in the news
'No concerns' on mm2 Asia’s ability to operate after positive post-financial year events of over $100 mil
In its audited financial statements, mm2 Asia reported a net loss of $42.0 million for the FY2022.
July 14, 2022
Equity raising
mm2 Asia raises $54 million to refinance debt
“The deal has come at an opportune time for us to build back stronger during this recovery phase"
June 16, 2022
Broker's Calls
mm2 Asia on track for recovery, 104% upside ahead: UOB Kay Hian
mm2 Asia is also exploring ongoing options to restructure its debt, including an IPO or divestment of its cinema business.
June 10, 2022
Broker's Calls
High gearing 'a main drag' on mm2 Asia, revenue recovery at least a year away: DBS
“mm2 Asia had proposed several initiatives in the past to pare down its debt, but these have since lapsed.”
June 02, 2022