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Brokers' take

Published Wed, May 24, 2017 · 09:50 PM

mm2 Asia | BUY Target price: S$0.70 May 24 close: S$0.585 DBS Group Research, May 24

mm2 Asia reported a strong set of FY March 2017 results. Net profit for FY2017 of S$18.8 million (+130 per cent) was 13 per cent above our expectations due to better margin. Revenue came in at S$95.4 million (+149 per cent). The increase in revenue was mainly due to additional revenue generated from its newly acquired subsidiary, UnUsUal, w…

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