| Latest Forum Topics / MM2 Asia Last:0.003 -- |
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MM2 Asia [1B0.si]
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Veron97
Member |
20-Jul-2021 22:34
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Bad news for all entertainment, retail n f&b... | ||||
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Longtermer
Elite |
20-Jul-2021 20:53
Yells: "A disciplined investor is a wealthy investor" |
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Price already discounted..
Recent selldown due to broker margin call.
Likely to hold or move higher soon...
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Huatsweeswee
Master |
20-Jul-2021 19:57
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Should be able to see 60 soon
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LZLOmega
Veteran |
20-Jul-2021 15:56
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I think take into account of that liao. Last time phase 2 heightened alert is also at this price.
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piscesmonkey
Supreme |
20-Jul-2021 15:47
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BREAKING: Singapore will return to phase 2 heightened alert amid a spike in Covid-19 cases in the community. | ||||
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Huatsweeswee
Master |
19-Jul-2021 20:51
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Today community 163
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ozone2002
Supreme |
19-Jul-2021 11:13
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Statement from CEO Chang Long John in the annual reports who I have the utmost respect and full faith in.
Gd luck dyodd Dear Shareholders, FY2021 was unprecedentedly challenging as we felt the full impact of Covid-19. In particular, our cinema and live events segments endured massive disruptions as a result of prolonged stringent measures to curb the pandemic. Encouragingly, signs of recovery began to appear in the second half of the year, which saw the Group?s revenue improved significantly. Despite the enormously ravaging effects of the pandemic, the Group managed to close the year with a positive operating cash flow of $2.2 million and a modest negative Adjusted EBITDA(1) of $5.7 million. This was achieved through swift implementation of prudent cost management measures, tapping of available government support schemes, and a relentless drive towards revenue maximisation from permitted business activities. The Group?s core content production business was the least impacted segment. Its regional presence in markets less affected by the pandemic and the rising demands of OTT content helped strengthen the resilience of this segment. Year- on-year, revenue of the segment declined by close to 30%, caused mainly by the deferment of movie releases, and delay in the completion of productions. 12 production projects were completed in the year, compared to 18 completed projects the year before. The cinema business was hit much more adversely. Revenue fell almost 82% following periods of closure and enforced capacity reductions, further aggravated by the postponements of major movie releases. A very promising development for this segment was its significantly stronger performance in the latter half of the year, with revenue more than tripling from $3.6 million in the first half to $12.3 million in the second half. This rebound trajectory is expected to continue as curbing measures ease and Hollywood studios catch up on their movie release schedules. The pandemic outbreak had precipitated an exponential growth in digital content consumption. AsiaOne was a direct beneficiary of this phenomenon and had continued to grow its audience and revenue in the year. The Group stepped up the strategic development of digital assets and capabilities with high growth potential, including its streaming platforms, digital media agency services, as well as a wide array of digital content. Moving forward, FY2022 will remain challenging but we believe the worst is behind us as economies reopen and market conditions continue to improve. The Group will continue to exercise utmost prudence in cost management even as we gear up to ride the waves of recovery. It will be uneven across our business segments, mirroring the larger recovery pattern across industries. Unpredictability and volatility will likely mark the theme of the recovery narrative but we are confident it will be a better year ahead. We would like to express our heart-felt gratitude to our shareholders for showing their unwavering support in these trying times. This support enabled us to successfully complete a corporate exercise to strengthen our balance sheet with a rights issue that was 113% oversubscribed. We are also grateful to our customers and business partners for their trust and belief in us. I would also like to thank our Board of Directors for their invaluable guidance, support and encouragement to Management throughout this difficult year. Finally, to all our unstoppable employees who soldiered on with solidarity, here is a big ?Thank You? for your perseverance, dedication and contribution. We will emerge from this stronger and better. |
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merlin_magic
Senior |
19-Jul-2021 10:31
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Doesn' t help by the recent KTV and fishmonger cluster cases. Unlikely that further restrictions on the number of cinema goers would be lifted up anytime soon. | ||||
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ozone2002
Supreme |
19-Jul-2021 10:29
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Last:0.064 -0.004
Several Big lots above 1K being sold down Big boys getting out Gd luck dyodd |
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trademaster
Supreme |
19-Jul-2021 09:28
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collect for next wave up.... | ||||
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Longtermer
Elite |
19-Jul-2021 08:43
Yells: "A disciplined investor is a wealthy investor" |
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AGM on 30th July next week. Ignore noises and Ask CEO then..    |
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Ligaya
Master |
18-Jul-2021 16:39
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Black Widow can watch on Disney Plus for $39 they need to quickly hive off their highly geared cinemas shld expect some consolidation of cinemas going forward |
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n3wbie
Elite |
18-Jul-2021 00:02
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The Group has c.$119.5m net current liabilities and I just don' t see how they are going to get cash flow with the current Covid-19 situation not quite turning the corner. The recent rights issue raised c.$54.7m, of which majority was used to redeem the MTN (c.$51.8m). That don' t really leave much money on the table. The fact that auditors raised the concern of their ability to continue as an going concern is quite a big alarm bell screaming at you.  | ||||
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papayaface
Supreme |
17-Jul-2021 12:29
Yells: "This is the best time to enter....when everythings uncertain" |
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The media companies are like that. Pushed up based on future hopes, then drop like poo. Must always have a target price. Looks like the trend has reverse to going down for next few months. DYODD. Good luck 
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Stocky901
Supreme |
17-Jul-2021 11:35
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Even this time can survive but eventually will still be sold down to less than a cent just like Spackman. Better cut loss at any price now. You will not regret.. 😑 😑 | ||||
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tongphlp
Supreme |
17-Jul-2021 11:22
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1st one to head to the door...
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tongphlp
Supreme |
17-Jul-2021 11:20
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mati!
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slingshotpro
Senior |
17-Jul-2021 10:10
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I have existing postion at c**, 80% cut to 50% financing from august 1, just top up some cash 
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niteowl68
Elite |
16-Jul-2021 15:49
Yells: "God Bleess You" |
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Oops, my broker (C.......) just informed me that this stock is no longer allowed for margin financing... those accounts with negative equity must top up cash or sell mm2 stock to cover... is this restriction imposed by other broker firms..  Heng Ah.. already sold my MM2 so not affected. Caution advised!  | ||||
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tongphlp
Supreme |
16-Jul-2021 15:34
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gone case :(
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