Brokers' take

mm2 Asia | Buy Feb 8 close: S$0.495 Target price: S$0.75 DBS Group Research, Feb 8

We continue to expect strong earnings compound annual growth rates of 28 per cent for 2017-20, underpinned by growth in productions, expansion into the China market, and contribution from UnUsUaL.

The cinema arm, on the other hand, helps the group build a recurring income base. Having a strong presence in the entire value chain of content creation and distribution further cements mm2's status as the leader in the media and entertainment industry.