| Latest Forum Topics / MM2 Asia Last:0.003 -- |
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MM2 Asia [1B0.si]
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eric998
Supreme |
27-Apr-2021 15:57
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more like profit taking.. morning collected 600000 shares at 68 from UOBKH..took profits at 75.. buyers from philips, OCBC.. round 1.. make less better than make loss.. need funds for other moving counters.. 
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SgYuan
Supreme |
27-Apr-2021 15:54
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w3 power up 288.6% 76 this is critical level 15m conversion 72 must hold then can go next fib level
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luckyboy22
Supreme |
27-Apr-2021 15:53
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Hope shortists dun get burnt too badly  ![]()
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guards80
Supreme |
27-Apr-2021 15:53
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Shirt more will push up higher. Yesterday 10m shorted. Should be burn liao
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Goodgoing
Master |
27-Apr-2021 15:47
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Many shortist, later can bring this up to 8 cent close? | ||||
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guards80
Supreme |
27-Apr-2021 15:38
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Hehe waiting 😁
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luckyboy22
Supreme |
27-Apr-2021 15:30
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with your 500lots u can make 50k (if we keep until 20 cts)  ![]()
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guards80
Supreme |
27-Apr-2021 15:28
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100lot can profit u 10k 😁
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Goodgoing
Master |
27-Apr-2021 15:27
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Wow, so many buy call. Today TP? Very strong uptrend | ||||
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eric998
Supreme |
27-Apr-2021 15:27
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BBs rushed to close gap at 70-75.. some profit taking from chartists.. let see the direction of BBs next.. HUAT to all.. RSI a little high but got room to move.. contras dont be greedy.. HUAT!! | ||||
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luckyboy22
Supreme |
27-Apr-2021 15:22
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Wa Guards I don' t have much money left la mostly got stucked in other stocks. NVM la as long as you huat big big I am happy for u. I only left with 100 lots I got at 59. Will keep them till 20c.
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makdatok
Supreme |
27-Apr-2021 15:21
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Target near liao | ||||
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guards80
Supreme |
27-Apr-2021 15:17
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Told u le i hoot 500lots below 60
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luckyboy22
Supreme |
27-Apr-2021 15:15
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Prices chiong like ki-siow hor?? Only regret is din buy much cos mostly contra off early early  |
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Huataarrhh
Senior |
27-Apr-2021 15:01
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UOB Kay Hian initiated coverage  MM2 Asia (MM2 SP) BUY | Price/Tgt: S$0.069/S$0.098 | Mkt Cap: S$160.5m Singing To A Blockbuster Recovery mm2 Asia is a media player with film production, cinema, post production and concerts/events production businesses. Hard hit by the COVID-19 pandemic, the group is a good proxy for the recovery in activities, including the resumption of concerts/events and normalisation of seating capacity in cinema theatres with a bumper slate of blockbusters in 2021. Its core film business has produced award-winning films. Initiate coverage with BUY. Target price: S$0.098, 42% upside. · Core production business with sizeable pipeline to be delivered in the near term along with regional growth prospects. mm2 Asia (mm2) is a leading producer of Chinese content in the film industry. The group has an established track record, producing over 100 films since 2008. As a pure content producer, mm2 takes a lower risk in the film production process, earning production revenue (60-90% of investor funds) regardless of a film&rsquo s box office success. As such, mm2&rsquo s film production is fairly robust as long as it has a volume backlog of larger production films. According to mm2, it has 26 projects with a total project value of about S$99m until FY22. · Recovery play on concert resumption, blockbuster screening in theatres. Concerts and live events have been hard hit by the pandemic. mm2&rsquo s concert and event production segment had one production show in 1HFY21 (81 in FY20) and six promotion shows in 1HFY21 (47 in FY20). A path back to recovery appears to be in place. At designated venues in Singapore, up to 750 attendees are allowed if pre-event testing is implemented. As for the cinema busines, audiences have been returning to theatres with a higher allowable seating capacity. There is also a bumper slate of Hollywood blockbuster films in 2021, which includes long-awaited sequels such as The Matrix 4. While online streaming of films has become more commonplace, recent theatrical releases in the post-circuit breaker period have seen encouraging box office revenues (eg Godzilla vs Kong). This could point to a better-than-expected viability of the cinema business. · Strengthening balance sheet. The group has recently completed a rights issue of approximately S$54.7m which reduces net gearing to approximately 0.8x (vs 1.0x previously) and enables interest savings with the repayment of a medium-term note. There is also a possible spin-off for the cinema business, in which convertible bonds of S$47.9m will be converted to equity in the listed cinema entity. If the cinema IPO materialises, this will further reduce the group&rsquo s net debt level to 0.4x. · Initiate coverage with BUY and sum-of-the-parts (SOTP) target price of S$0.098. mm2 is trading at 0.6x book value and an inexpensive 6x FY20 earnings (pre-COVID-19 levels). Concerns over its cinema business could be slowly lifted with: a) improved seating capacity, b) a potential spin-off, and c) a potential merger with Golden Village, while the overhang from its high debt levels has also been addressed. |
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guards80
Supreme |
27-Apr-2021 14:51
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Now 69/70 supported mlre upward coming | ||||
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guards80
Supreme |
27-Apr-2021 14:10
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Strong buying | ||||
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SmallSmall
Supreme |
27-Apr-2021 14:10
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:) | ||||
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guards80
Supreme |
27-Apr-2021 13:44
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Morning sell down is those taking profit fron yesterday those who bought. Today cllsing above 70 should start more upward liao | ||||
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guards80
Supreme |
27-Apr-2021 13:41
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Hmm i also using uob. Where can i see the report at?
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