Brokers' take

mm2 Asia | Hold (downgraded) March 26 close: S$0.31 Target price: S$0.34 Maybank Kim Eng, March 25

Downgraded as optimism on success of

More Than Blue and another tie up with Fox Networks Group Asia has been priced in. There are currently no changes in other forecasts.

Although mm2 is not an investor in the film, it stands to gain from producer bonus fees of 8-12 per cent from box office hits.

By focusing on production instead of film investments, mm2's core production business is insulated from volatility. It…