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MM2 Asia *Official* (SGX: 43D) - Part 2

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Old 15-04-2016, 01:58 PM   #1
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MM2 Asia *Official* (SGX: 43D)

just curious, anyone here supporting our first listed movie producer here?

went up to 0.29 today :o

Additional:
Thank you Sinkie for this wonderful compilation, those who are new and need info can read this.

08 Dec 2014 - Equity - Listing Confirmation::Admission of 206,729,032 ordinary shares to the Official List of SGX-Catalist



19 Jan 2015 - General Announcement::TERM SHEET RELATING TO PROPOSED COLLABORATION WITH FOX INTERNATIONAL CHANNELS ASIA PACIFIC LIMITED

23 Jan 2015 - General Announcement::Local movie producer mm2 Asia rolls out Red Carpet Club

03 Mar 2015 - Asset Acquisitions and Disposals::TERM SHEET-PROPOSED ACQUISITION OF 51% OF THE ISSUED SHARE CAPITAL OF VIVIDTHREE PRODUCTIONS PTE LTD



24 Mar 2015 - Movie producer mm2 Asia signs MOU with Grand Olympus Films and JTeam Productions to produce movie, “笨小孩 Game Kids” for the PRC market

30 Apr 2015 - Asset Acquisitions and Disposals::MOU relating to Proposed Acquisition of Certain Businesses & Assets from Cathay Cineplexes Sdn Bhd



05 May 2015 - Financial Statements and Related Announcement::Full Yearly Results: mm2 Asia’s FY2015 net profit rises 85% to S$5.1 million in its first set of results post-IPO

25 May 2015 -ASEAN Small Mid Caps Radar Report by DBS Group Research, Equity : mm2 Asia

http://mm2asia.com/component/k2/down...b71b3aab7.html

mm2 Asia Ltd (S$0.40, mm2 SP)

A producer of movies and TV/online content, mm2 Asia Ltd (mm2) provides services over the entire filmmaking process, from financing to production and distribution. Notable local productions include 'Ah Boys to Men'. Based on an orderbook of 18 production titles, including some big productions, and at least six distribution rights till Apr-16, plus revenue from its blockbuster 'Ah Boys to Men III' yet to be fully recognised, mm2 is expected to register higher revenue in FY16. In FY14 and 15, mm2 produced six and nine production titles respectively. Revenue grew at a CAGR of 55% from FY12 to FY15. Gross margin has also improved to 39% from 32% in FY14.

29 Jun 2015 - General Announcement:: PROPOSED ISSUE OF UP TO S$2,875,000 IN AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE NOTES DUE 30 JUNE 2017 TO PHILLIP ASIA PACIFIC OPPORTUNITY FUND LTD

10 Jul 2015 - General Announcement - PROPOSED ISSUE BY MM2 ENTERTAINMENT PTE LTD OF UP TO S$2,600,000 IN AGGREGATE PRINCIPAL AMOUNT OF EXCHANGEABLE NOTES, WITH A GREENSHOE OPTION FOR UP TO AN ADDITIONAL S$1,300,000 IN AGGREGATE PRINCIPAL AMOUNT OF EXCHANGEABLE NOTES TO 3VS1 ASIA GROWTH FUND 2 LTD

29 Jul 2015 - Yeo Khee Seng Benny was unaware he crossed 5% when he bought the shares on 21 July 2015. Bought 184,900 shares

20 Aug 2015 - Asset Acquisitions and Disposals::Term Sheet in Relation to the Proposed Acquisition of Business of Mega Cinemas Management Sdn Bhd



28 Sep 2015 - General Announcement::Changes in Management and Organisation Structure

08 October 2015 - DBS - SINGAPORE EQUITY EXPLORER: MM2 ASIA

http://mm2asia.com/component/k2/down...2d6a89b8a.html

NOT RATED: S$0.665 (STI: 2,851.25)
Return *: 2
Risk: Moderate
Potential Target*: 12-month S$0.84 (27% upside)

To broaden its revenue stream, mm2 has recently acquired five cinemas in Malaysia. The ownership of cinemas will provide a source of recurring income to the group and cost savings in the longer term. We value the company at 18x on FY Mar17 EPS, a 30% discount to peers, given its much smaller size. Based on this, we arrive at a fair value of $0.84. The stock is currently trading 14x FY17PE.

04 Nov 2015 - Financial Statements and Related Announcement::Half Yearly Results: MM2 ASIA’s 1H2016 NET PROFIT ROSE 24% TO S$4.5 MILLION

16 October 2015 - UOB KayHian: Retail Market Monitor

http://mm2asia.com/component/k2/down...9da6c45d3.html

MM2 Asia- Takeaways From Asian Gems Conference (MM2 SP/NOT RATED/S$0.695)
Attractive PEG valuation. The group is trading attractively at 0.48x FY15 PEG. MM2’s earnings growth is likely to remain strong and this makes the stock an exceptional growth play.

02 November 2015- KGI Morning Buzz - mm2 Asia

http://www.mm2asia.com/files/mm2%20A...uzz_151102.pdf

16 November 2015 - RHB Asset Management Fund Factsheet

http://mm2asia.com/component/k2/down...1ff289d60.html

08 Dec 2015 - Placements-Proposed Issue New Ordinary Shares in Company for Aggregate Placement Consideration of S$5,000,000: Raised approximately S$5.0 million in net proceeds from a new share placement to three investors, namely Hesheng Media Co., Ltd. (“Hesheng Media”) , Apex Capital Group Pte Ltd (“Apex Capital”) , and Maxi - Harvest Group Pte. Ltd. (“Maxi-Harvest”)

18 Dec 2015 - General Announcement::MM2 Asia Acquires Majority Stake In Tech Start-up, Set To Launch OTT Platform In 2016

06 January 2016 - DBS Singapore Company Focus: mm2 Asia Ltd.

https://researchwise.dbsvresearch.co...px?E=bggfbkhea

• Riding on growing demand and support for local production; gaining traction overseas
• High margins business model; new revenue streams to strengthen competitive edge and build recurring income base
• Spreading its wings in China, one of the world’s most lucrative movie markets to support growth
• Initiate with BUY, S$1.05 TP

12 January 2016 - UOB Retail Market Monitor: mm2 Asia Ltd.

https://research.uobkayhian.com/cont...c91bc03c2bf33c

Initiate coverage with BUY and target price of S$1.01, pegged to the sector’s 20.3x FY17F PE. At current levels, mm2 is trading at 15x FY17F PE, a 35.6% discount to its regional peers’ average FY17F PE of 20.3x. This is despite mm2’s lower risk profile as compared with peers as the company does not actively become a stakeholder in productions

03 February 2016 - CIMB NON RATED REPORT: MM2 ASIA

http://www.mm2asia.com/images/files/...20nonrated.pdf

A leading movie producer in SG/MY covering various stages of production
■Hoping to ride on the rise of Asianmoviesand OTT media.
■Strong production pipeline and new cinema business to provide recurring income
■According to management.Still on acquisition spree; new investments open up content-creationopportunities
■Trading at a CY16 P/E forecast of 13.8x with a forward 3-year EPS CAGR of 42.6%, according to Bloomberg consensus figures

03 Feb 2016 - MM2 ASIA TO ACQUIRE APPROXIMATELY 51% IN THE UNUSUAL GROUP OF COMPANIES FOR S$26 MILLION



04 February 2016 - DBS Singapore Company Guide: mm2 Asia

https://researchwise.dbsvresearch.co...px?E=bhdedkhea

BUY Price Target : S$1.05 (52% upside)
Potential Catalyst: Earnings accretive acquisitions

10 February 2016 - UOB KayHian Retail Market Monitor - mm2 Asia

http://www.mm2asia.com/images/files/...must_go_on.pdf

•Maintain BUY with a PE based target price of S$1.01, pegged to the sector’s 20.3x FY17F PE

19 Feb 2016 - REPL::Stock Split/ Subdivision::Mandatory PROPOSED SHARE SPLIT OF EVERY ONE (1) ORDINARY SHARE IN THE CAPITAL OF THE COMPANY INTO TWO (2) ORDINARY SHARES

24 February 2016 - mm2 Asia Signs CNSA with Orientivity Capital
PROPOSED ISSUE OF UP TO S$5,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE NOTES, WITH A GREENSHOE OPTION FOR UP TO AN ADDITIONAL S$2,500,000 IN AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE NOTES

22 Mar 2016 - Placements - PROPOSED ISSUE OF NEW ORDINARY SHARES TO STARHUB LTD FOR PLACEMENT CONSIDERATION OF S$18,040,000



24 March 2016- UOB KAYHIAN RETAIL MARKET MONITOR - mm2 ASIA - HITCHING THE WAGON TOWARDS A DIFFERENT KIND OF STAR

https://research.uobkayhian.com/cont...be6af3c74628e8

We maintain a BUY on mm2 after its recent strong price appreciation on the back of a slew of positive news. We adjust our earnings forecasts to account for the UnUsUaL Group acquisition, earnings contribution from the StarHub partnership and the enlarged share base following the new share placement to StarHub. Our valuation methodology has been adjusted slightly and we now apply a 10% premium to our sector PE of 20.3x FY17F earnings. Our new target
price of S$0.64 is pegged to a premium-adjusted peer average PE of 22.3x

24 March 2016- DBS Singapore Company Guide: mm2 Asia - Entry of a star

https://www.dbs.com.sg/treasures/aic...7_24032016.pdf

Last Traded Price: S$0.52 (STI : 2,847.39)
Price Target : S$0.63 (20% upside) (Prev S$0.52)
Potential Catalyst: Earnings-accretive acquisitions

Raising profile with entry of StarHub. With StarHub now becoming a strategic investor with a 9.05% stake, mm2 can tap on the former's strong brand name and this could raise its profile and pave the way for bigger opportunities ahead. We maintain our BUY call on mm2 with a higher target price of S$0.63. mm2 generates revenue by extracting fees from producing and distributing movies. It has a high-margin business model (Gross margin: 40-50%, Net margin: c.20%) with an impressive growth outlook. We expect mm2 to grow at an EPS CAGR of 59% for FY15 to FY18F, underpinned by growth in local productions, expansion into the China market, and contribution from cinema operations and newly acquired entertainment company, UnUsUal Group.

29 Mar 2016 - Ang Wee Chye (CEO/Executive Director at mm2 Asia Ltd) sold 8,845,000 shares to Ms Choo Meileen (Cathay Organisation's Managing Director) which represent approximately 2% of the Listed Issuer's issued and paid-up share capital of 442,264,888 shares.

30 Mar 2016 - Ang Wee Chye (CEO/Executive Director at mm2 Asia Ltd) sold 4,443,000 shares to Ms Choo Meileen which represent approximately 1% of the Listed Issuer's issued and paid-up share capital of 442,264,888 shares.



31 Mar 2016 - Ang Wee Chye (CEO/Executive Director at mm2 Asia Ltd) sold 22,000,000 shares to Mr Ron Sim Chye Hock (Founder, Chairman and CEO of Osim International Ltd.) which represent approximately 4.97% of the Listed Issuer's issued and paid-up share capital of 442,264,888 shares.



04 Apr 2016 - Phillip Asia Pacific Opportunity Fund Ltd ceased to be a Substantial Shareholder/Unitholder

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Old 15-04-2016, 01:58 PM   #2
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Continuation of updates

15 April 2016 - Mr. Ang Wee Chye acquired 10,000,000 shares at $0.480 from Phillip Asia Pacific Opportunity Fund Ltd, which represent
approximately 2.21% of the Listed Issuer's issued and paid-up share capital of 451,707,060 shares.

10 May 2016- CIMB - mm2 ASIA - THE NEXT BIG BANG [/COLOR]

https://brokingrfs.cimb.com/BBTaz3aB...v53oLs0XA2.pdf

Last Traded Price: S$0.54 (STI : 2,766.06
Price Target : S$0.70 (29.9% upside) (Prev S$0.54)

mm2, a film/TV producer, is poised to ride on the rise of the film business in China. Multiple acquisitions in cinema and events management complement growing core business in production, driving FY16-18 topline growth of 16-122%. High-margin business that focuses on content production and distribution, with little movie financing to minimise risk of commercial success. We initiate coverage with an Add recommendation and TP of S$0.70, based on a CY17 P/E of 22.0x. This is backed by a 3-year forecast EPS CAGR of 28.8%.

17 May 2016 - General Announcement::mm2 Asia to Co-Produce First US Film "Good Match" with Boulderlight Pictures

Singapore’s mm2 Entertainment has teamed with J.D. Lifshitz and Raphael Margules’ BoulderLight Pictures to produce “Good Match,” a high-concept thriller from screenwriter-turned director David Chirchirillo.

The film is a contemporary U.S. thriller about a good-looking bachelor who meets a seemingly perfect match via a social dating app. However, things take a dark turn when her behavior starts to become erratic.


24 May 2016 - Financial Statements and Related Announcement::Full Yearly Results

mm2 Asia's earnings surged 52% to $8.2 million in the financial year ended March 31, 2016, from $5.03 million a year ago.

Its gross profit margin widened to 48% from 39.5% previously.Revenue surged 58% to $38.3 million from $24.3 million a year earlier, boosted by additional revenue from the company's acquired subsidiary and newly-acquired cinema business.

The entertainment company says productions in North Asia contributed about 30% of its production revenue in FY2016, representing an increase of 20%.

mm2 Asia expects production from these markets to form a larger slice of revenue in FY2017.

The company says it will continue to expand in areas that complement its core business of regional film production and distribution.

25 May 2016 - General Announcement::mm2 Asia Announces Collaboration on China TV Drama Series

SINGAPORE, 25 May 2016–mm2 Asia Ltd.(“mm2 Asia”, “mm2全亚影视娱乐有限公司” or collectively with its subsidiaries, the “Group”), today announced that it signed an agreement to collaborate with a China-based production company, Shanghai Man Man Er Culture and Broadcast Co., Ltd. (“Man Man Er”) on their35-episode television series (“TV series”) in China called “My Love, Farewell安娜的爱人”(the “Project”).The 35-episode TV series has an estimated production budget of RMB 70 million with funding raised from stakeholders in China.

25 May 2016- DBS - mm2 ASIA - STRONG GROWTH PROFILE

https://www.dbs.com.sg/treasures/aic...7_25052016.pdf

Last Traded Price: S$0.62 (STI : 2,766.06)
Old Price Target : S$0.63
New Price Target : S$0.75 (20.9% upside) (Prev S$0.62)

Maintain BUY with higher TP of S$0.75. We have adjusted earnings for FY17 and FY18 up by 6-7%, after factoring in higher margins from cinemas and its recent acquisitions. mm2 is trading at 17x FYMar17F PE and 14x FY18F PE, based on its enlarged share capital, compared to peers’ 22x FY17F PE. Using peers’ average of 22x, up from 20x, we derive a higher target price of S$0.75 on FYMar17F EPS, from S$0.63 previously. The stock offers potential upside of 29%, and trades at an attractive PEG of 0.23x. Maintain BUY.

26 May 2016- CIMB - mm2 ASIA - THE NEXT BIG BANG

https://brokingrfs.cimb.com/-jZlc0RD...bJxFGd61A2.pdf

Last Traded Price: S$0.62 (STI : 2,766.06)
Old Price Target : S$0.70
New Price Target : S$0.73 (17.6% upside) (Prev S$0.62)

■ mm2’s FY3/16 core net profit of S$8.2m beat our full-year estimate at 118%.
■ Meaningful contributions from newly-acquired Cathay cinemas and Vividthree
production in FY16, with more to come in FY17-18.
■ Content production is still the main driver, with increasing North Asia productions.
■ We are seeing synergies across the various acquisitions, starting with Vividthree
which offers post-production services (3D graphics effects etc.).
■ Reiterate Add with a higher TP of S$0.73, based on 22x CY17 P/E (peers’ average).

26 May 2016- FY16 Results In Line With Expectations, Expect More From North
Asia


https://research.uobkayhian.com/cont...beaaec19cc2e34

Last Traded Price: S$0.62 (STI : 2,766.06)
Old Price Target : S$0.64
New Price Target : S$0.74 (18.9% upside) (Prev S$0.62)

Maintain BUY with PE-based target price of S$0.74. The group has evolved substantially through a slew of shrewd acquisitions into a true entertainment business. mm2 remains a compelling entertainment stock with an attractive forecasted 3-year EPS CAGR trajectory of 35% for FY16-19F

09 June 2016 - General Announcement: Proposed Listing of the UnUsUal Group of Companies on the Catalist Board of the SGX-ST

Following 12 May'16 announcement, mm2 Asia (SGX:43D) inked a sale and purchase agreement to buy a 51 per cent stake in the UnUsUaL group of companies for up to S$26 million.

The Company announced to inform Shareholders that UnUsUal has appointed professionals to prepare *UnUsUaL* for listing on the Catalist board of the SGX-ST (the “Proposed Listing”).
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Old 15-04-2016, 01:58 PM   #3
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This is a continuation thread, the old thread is here
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Old 15-04-2016, 01:58 PM   #4
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Huat ahhhh!!!!!!
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Old 15-04-2016, 01:59 PM   #5
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HUAT AH!! CXG today!
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Old 15-04-2016, 02:00 PM   #6
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moi 1st post in part 2.
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Old 15-04-2016, 02:00 PM   #7
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so Sinkie what made you came back?
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Old 15-04-2016, 02:01 PM   #8
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so Sinkie what made you came back?
same as winorlose.
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Old 15-04-2016, 02:01 PM   #9
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In 1st page. Huat arh!
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Old 15-04-2016, 02:02 PM   #10
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Dont peep

latest update

09 June 2016 - General Announcement: Proposed Listing of the UnUsUal Group of Companies on the Catalist Board of the SGX-ST

Following 12 May'16 announcement, mm2 Asia (SGX:43D) inked a sale and purchase agreement to buy a 51 per cent stake in the UnUsUaL group of companies for up to S$26 million.

*Last* evening the Company announced to inform Shareholders that UnUsUal has appointed professionals to prepare *UnUsUaL* for listing on the Catalist board of the SGX-ST (the “Proposed Listing”).

Spoiler!
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Old 15-04-2016, 02:02 PM   #11
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Sinkie satki last post of part 1 first post of part 2.
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Old 15-04-2016, 02:03 PM   #12
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29 Mar 2016 - Ang Wee Chye (CEO/Executive Director at mm2 Asia Ltd) sold 8,845,000 shares to Ms Choo Meileen (Cathay Organisation's Managing Director) which represent approximately 2% of the Listed Issuer's issued and paid-up share capital of 442,264,888 shares.

30 Mar 2016 - Ang Wee Chye (CEO/Executive Director at mm2 Asia Ltd) sold 4,443,000 shares to Ms Choo Meileen which represent approximately 1% of the Listed Issuer's issued and paid-up share capital of 442,264,888 shares.



31 Mar 2016 - Ang Wee Chye (CEO/Executive Director at mm2 Asia Ltd) sold 22,000,000 shares to Mr Ron Sim Chye Hock (Founder, Chairman and CEO of Osim International Ltd.) which represent approximately 4.97% of the Listed Issuer's issued and paid-up share capital of 442,264,888 shares.



04 Apr 2016 - Phillip Asia Pacific Opportunity Fund Ltd ceased to be a Substantial Shareholder/Unitholder
pls update first post thank you
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Old 15-04-2016, 02:03 PM   #13
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HUAT AH!!!!!!!!! No $1 no sell!!!!
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Old 15-04-2016, 02:05 PM   #14
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so Sinkie what made you came back?
They say chart move ahead of fundemental or news, but in hwz ssi, pcw and thread move ahead of chart
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Old 15-04-2016, 02:05 PM   #15
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update first post thank you
okay will do it when back in office
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