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4661-4680 of 4766
mm2 Asia kept at &lsquo buy&rsquo on stake acquisition of local Golden Village business
DBS Vickers has kept its " buy" recommendation on mm2 Asia with a target price of 70 cents.http://www.theedgemarkets.com.sg/mm2-asia-kept-%E2%80%98buy%E2%80%99-stake-acquisition-local-golden-village-business
This is one of my best stocks. Just bought again at 0.61.
Might be able to collect more around 50cent after the acquisition on Golden village stake of 50% :)
Looks like some announcement coming ...Mainboard or new acquisition ?
will reduce some if big run set in.. not inducement to follow.. should hv more to come but i am taking opportunity to reduce some only
645 looks possible ...
will reduce some if big run set in.. not inducement to follow.. should hv more to come but i am taking opportunity to reduce some only
645 looks possible ...
Blue-sky ( Date: 24-May-2017 12:46) Posted:
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This stock has about 1,050 million shares. So any flushing may go on for a long while. Must wait patiently.
eagleeyes1989 ( Date: 25-May-2017 13:43) Posted:
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CIMB just increase TP from 0.6 to 0.65..
wait for the sellers to be flushed out first, then it will shoot up! i hope it goes down to 0.55.. can collect more :D
wait for the sellers to be flushed out first, then it will shoot up! i hope it goes down to 0.55.. can collect more :D
I have been monitoring after your promotion. But sellers keep coming out. Can' t reconcile facts versus your call.
eagleeyes1989 ( Date: 25-May-2017 10:05) Posted:
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wew darvas box forming.. prepare for take off :D :D :D
time to shoot up today
DBS TP INCREASED TO 70CENTS
Source: http://www.theedgemarkets.com.sg/big-killing-mm2-asia-fy17-bigger-expectations-next
SINGAPORE (May 24): DBS Vickers is maintaining its &ldquo buy&rdquo call on mm2 Asia with 70 cents target price on a strong set of FY17 results.
DBS now expects a 52% CAGR for EPS from FY16-FY19, supported by growth in productions, expansion into the China market, and contribution from UnUsUaL.
To recap, mm2 Asia reported a more than doubling of FY17 earnings of $18.8 million due to better margins. This was 13% above DBS&rsquo s expectations.
Revenue came in 149% higher at $95.4 million mainly due to additional revenue generated from its newly acquired subsidiary, UnUsUal, which recorded revenue of $22.6 million, and additional revenue generated from cinema business of $7.7 million.
Revenue from core business increased by 86% to $55.3 million in FY17, whereas revenue from its Vividthree post-production business increased by 36% to $4.9 million in FY17.
Gross profit increased by 146% y-o-y to $45.3 million in FY17, partly contributed by $8.5 million from UnUsUaL, and partly from its new cinema business of $4.7 million.
Gross profit of core business doubled to $26.4 million whereas post-production business increased by 8% to $2.7 million in FY2017. Overall, gross profit margin for FY17 was 47.5%, vs 48% for FY16.
Net cash position in FY17 improved to $14.1 million, from $1.7 million a year ago. On a cashflow basis, mm2 recorded an increase in net cash of about $18.3 million as compared to a net cash decrease of $1.5 million in FY16.
Shares of mm2 Asia are trading at 58 cents.
Source: http://www.theedgemarkets.com.sg/big-killing-mm2-asia-fy17-bigger-expectations-next
Big killing for mm2 Asia in FY17, bigger expectations next
24/05/17, 04:00 pmSINGAPORE (May 24): DBS Vickers is maintaining its &ldquo buy&rdquo call on mm2 Asia with 70 cents target price on a strong set of FY17 results.
DBS now expects a 52% CAGR for EPS from FY16-FY19, supported by growth in productions, expansion into the China market, and contribution from UnUsUaL.
To recap, mm2 Asia reported a more than doubling of FY17 earnings of $18.8 million due to better margins. This was 13% above DBS&rsquo s expectations.
Revenue came in 149% higher at $95.4 million mainly due to additional revenue generated from its newly acquired subsidiary, UnUsUal, which recorded revenue of $22.6 million, and additional revenue generated from cinema business of $7.7 million.
Revenue from core business increased by 86% to $55.3 million in FY17, whereas revenue from its Vividthree post-production business increased by 36% to $4.9 million in FY17.
Gross profit increased by 146% y-o-y to $45.3 million in FY17, partly contributed by $8.5 million from UnUsUaL, and partly from its new cinema business of $4.7 million.
Gross profit of core business doubled to $26.4 million whereas post-production business increased by 8% to $2.7 million in FY2017. Overall, gross profit margin for FY17 was 47.5%, vs 48% for FY16.
Net cash position in FY17 improved to $14.1 million, from $1.7 million a year ago. On a cashflow basis, mm2 recorded an increase in net cash of about $18.3 million as compared to a net cash decrease of $1.5 million in FY16.
Shares of mm2 Asia are trading at 58 cents.
Last year when MM2 acquired Unusual, it valued Unusual at around SGD 50 mio. Then did a pre IPO (to get money to boost up business IMMEDIATELY), then IPO soon after that, it became SGD 120 mio. Now right after IPO, market cap is more than SGD 300 mio. So from 50 mio to 300 mio in roughly 1 year. Where did the growth come from? Isnt it amazing how an IPO can suddenly boost a company' s earning and valuation by 6 fold, in slightly less than 1 year? Is the growth in business and profits sustainable? Or just one off to prepare for IPO?
Those artists, singers, actors, actresses holding these shares, will they cash out?
Those artists, singers, actors, actresses holding these shares, will they cash out?
nowarok ( Date: 24-May-2017 13:39) Posted:
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Right now their dividend comes in the form of free concert (if you are lucky)
Lol
Lol
lifeisgood ( Date: 24-May-2017 13:08) Posted:
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You are quite right. I think going forward working capital requirement will be much bigger.
eagleeyes1989 ( Date: 24-May-2017 13:20) Posted:
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maybe the biz structure requires working capital now to fund its recent ventures and acquisitions..
paying off dividends now is like siphoning money from the business while it is trying to grow - a very hefty price to pay just for keeping a certain amt of investors happy.
alternatively, it may be more prudent to provide a dividend distribution at a later stage once all the recently reported ventures have been entered into and the revised financial commitments have been analysed.
paying off dividends now is like siphoning money from the business while it is trying to grow - a very hefty price to pay just for keeping a certain amt of investors happy.
alternatively, it may be more prudent to provide a dividend distribution at a later stage once all the recently reported ventures have been entered into and the revised financial commitments have been analysed.
Whole day making acquisitions. Like Singpost, no acquisitions, no profits. Where is the DIVIDEND?
davas box theory indicator is very useful here..
waiting for next breakout.
waiting for next breakout.
If it stay ariund this level is ok i think. Let the short-term buyers get out first . Once short term buyers out , the next journey will start . Agreed it will need some settling time .
As expected the results are good , so will need houses to revalue the stock. PE will drop drastically , and the impact of the new collaborations ..
if you joining the next trip , you will need to wait patiently . this train is stopping for re-fuelling only
My humble opinion..
As expected the results are good , so will need houses to revalue the stock. PE will drop drastically , and the impact of the new collaborations ..
if you joining the next trip , you will need to wait patiently . this train is stopping for re-fuelling only
My humble opinion..
Blue-sky ( Date: 19-May-2017 16:58) Posted:
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hmm seems to have alot more sellers than buyers, despite the constant stream of postive news recently. wonder why!!! could it be a round of profit taking/ contra playres cashing out?
perhaps it might be market skepticism - 148% increase in profits yet no dividend declared?
i guess this counter is one for the long term.. darvas box theory is very applicable here. seems set to trend higher (like best world) but will need some time!
perhaps it might be market skepticism - 148% increase in profits yet no dividend declared?
i guess this counter is one for the long term.. darvas box theory is very applicable here. seems set to trend higher (like best world) but will need some time!
can close above 0.6 today?
hahaha it does.. recently so much good news. even UnUsUal also post profits. entertainment industry also looking food for the near future. Huat huat huat!
MM2 to profit at this rate is normal, expect higher )
eagleeyes1989 ( Date: 24-May-2017 09:11) Posted:
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