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MM2 Asia [1B0.si]
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luckyboy22
Supreme |
24-May-2021 09:17
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Hahaha I see you I huat, real or not?
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seemeyouhuat
Member |
24-May-2021 08:51
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i look at numbers mainly also for example, earlier mentioned Chinese titles which usually don' t sell well here, sold well this year such as My Love and Hi Mom with largely unknown cast here in Singapore. Kong VS Godzilla, opening weekend raked in 2.19 million, which is a very very good results this shows that the pandemic has not put off moviegoers, and very much in demand, good content is all that it matters and will still draw the crowd our cinema attendance might have dropped as compared to few years ago, but is considered stable around 18-19 million attendance a year, no sharp drop observed. the thing is, singapore have little recreational places to begin with, and watching movies remain one of the cheapest option out there for an outing, so it' s definitely here to stay for quite some. question is, how can cinemas here transform and become a multi-entertainment place rather than just watching movies, i think the exhibitors here are still trying to find out
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Ximi88
Member |
23-May-2021 11:23
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Perhaps you can share where and how you pick up the trends and habits of movie-goers. Most willing to learn from you.
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seemeyouhuat
Member |
23-May-2021 10:43
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your guess is indeed wild haha, no, am not in the industry but been observing trends am not basing it on the full house capacity of current situation but basing it on trend and habits of movie-goers indeed cinemas have seen a decline in attendance but is still very much in demand whenever your blockbusters hit the big screens, it' s going to be a long long time before the idea of cinemas vanishing comes true. in fact, cinemas in china seen a boom in key milestone periods this year when their pandemic situation has improved a lot, most records are broke this year alone, so it kind of reflects the desire of cinemas still, not just in europe, but also in asia by the way, just repeating again also, mm2 is not just about cinema business
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Ximi88
Member |
23-May-2021 10:36
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Many other sectors, and not cinemas alone, will recover when the pandemic is over. You want to pick a sector that you think will recover fastest. Another point is to  pick a company with abilities to last through this pandemic. During normal times, people usually look at the revenue and profits. During crisis like current pandemic, people focus on company debts and cash position. These are only basic starting points for those who do not understand balance sheets.  Caveats, balance sheets can be dressed up and thus preferably be read wholly. 
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SamWong
Senior |
22-May-2021 13:32
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Look, I do not need to be inside MM2 to gauge their results.
1. Unusual Ltd made profit last FY and this helps MM2 with "lesser loss".
2. With Unusual Ltd saying will have net loss, losses in MM2 + losses from Unusual = More Losses
Correct ?
The future entertainment mode is diff. Cinema is a sunset industry. Read the CNA story of toto winner boss of char siu lang. He said : "long hours as hawker, tiring, but after work still will spend time :
1. Dinner with wife
2. Watch Netflix ==> this speaks volumes
As mentioned earlier, I myself went cinema watch movies once a week in the 80s. And currently, the I think I have not gone to cinema to watch a movie for more than 2 years .
Btw, not vested. I comment to give my honest opinions. Dont want others who had agenda to anyhow say " buy lah, load lah" to "lure" the ignorants "into their deep shit" .
I saw that "shit" in Midas forum . I saw that "shit" in Yuuzoo. I warned them before. Those who listened escaped . Those who didnt saw them grumble after truth out.
E.g. I know thomson med "wont go bankrupt". But basis its NAV, PE ratio, i think it is "over valued" .
DYODD
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Blowyouoff
Veteran |
22-May-2021 13:16
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It' s facing challenges from both covid and online platform wait long long for this to recover, may not even recover because the fear that covid leaves behind will deter people from going movies. Covid is going to last another few years for sure  behavior changes over time and people may not go back to catching movies anymore  same as karaoke, no one knows if people will resume the past hobby of going karaoke even if it opens 
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SamWong
Senior |
22-May-2021 13:13
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Yes, let the results speak for itself.
15 Nov 2020 :
"Cathay Cineplexes owner sees first-half loss of $22.4 million"
MM2 Results out soon.
And btw, Unusual Ltd is part of MM2, correct ?
19 May 2021 :
" Unusual Limited to record net loss for FY2021 on pandemic impact "
CATALIST-LISTED Unusual Limited is expected to record a net loss for FY2021 compared with a net profit a year ago on the back of disruptions from the pandemic, it said in a profit guidance on Wednesday after trading hours.
Unusual Limited, mm2 Asia's events production unit said.
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Ximi88
Member |
22-May-2021 12:48
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I am doing a wild guess you are in this industry from the details you provide. If you use samples of current definition of full houses to do future projections, there is probably going to be margin of error.  It is best not to cherry pick facts else we only see things that we choose to. Anyway, numbers do not lie, looking forward to the next earnings report.
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seemeyouhuat
Member |
22-May-2021 09:41
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actually...people will already we are seeing full houses (partially due to lesser seats), that cinemas have to add a lot more sessions throughout the day, and this is for non-blockbuster movies including Chinese titles which usually thought not to sell well here so imagine when the blockbuster titles come here, with the full re-opening, you will see throngs of people going to the cinemas. France have already proven that, they just reopened, first day got 300K (if i remember correctly), visiting the cinemas
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Ximi88
Member |
22-May-2021 08:57
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There is nothing to be excited even when the cinemas resume full operations. It is not like people will catch up and watch more movies. Anyway, the company will release it earning report soon.
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Sgvale
Supreme |
22-May-2021 08:10
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Situation improve is when Covid at finale. But when?
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Maller
Elite |
21-May-2021 22:25
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Think when situation improved, this stock will fly? Good time to collect? Dyodd  | ||||
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Sgvale
Supreme |
21-May-2021 18:56
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More daily cases reported because the authority has intensified the testing. So far tracing has been efficient.
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Sgvale
Supreme |
21-May-2021 18:50
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Singapore can't afford to have another CB.. Unless hospitals can't handle. But TTSH is re-opening. That's good news | ||||
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luckyboy22
Supreme |
21-May-2021 17:55
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Not only this counter but most counters la bro!
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trademaster
Supreme |
21-May-2021 16:48
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If weekend announce CB monday this counter will be bad.  | ||||
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luckyboy22
Supreme |
21-May-2021 13:45
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That' s the reason the share price is 6 cts. I will take a chance and when it hit, say 10 cts I will offload all. No need to think of long term or dividends etc.
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SamWong
Senior |
21-May-2021 13:12
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Avoid. This is common sense.
Even in US, lesser movie goers. "AMC Theatres Loses $567 Million, Quarterly Earnings Miss Projections" Now many households buy v good TV with super sound effect super resolution color so colorful and watch movies at home. Downhill biz. Just like newspapers. DYODD |
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luckyboy22
Supreme |
21-May-2021 12:57
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When it falls below 55 I will add somemore HUAT AAAAHHHHH!!!!!![]()
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