Broker's Take

mm2 Asia | BUY Aug 15 close: S$0.42 Target price: S$0.62 DBS Group Research, Aug 15

We continue to expect strong earnings compound annual growth rate of 25 per cent for FY2018-20F, underpinned by growth in production, expansion into the China market, and contribution from UnUsUaL.

The stronger cinema arm, with the completion of Cathay cinema acquisition, 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/entertainment industry.