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MM2 means make money 2ogether
MM2 has just reported 148% Increase in NET PROFITS
MM2 ASIA&rsquo S FY2017 NET PROFIT ROSE 147% TO S$$22 MILLION 1. Group revenue increased by 149% to S$95.4 million, mainly due to significant increase in the Group&rsquo s core business as well as additional revenue generated from its event and concert promotion and cinema business during the year 2. Expect increase in productions in North Asia with higher contribution from cinema business, concert and event production and promotion and other subsidiaries SINGAPORE, 23 MAY 2017 &ndash mm2 Asia Ltd. (&ldquo mm2 Asia&rdquo , &ldquo mm2 全 亚 影 视 娱 乐 有 限 公 司 &rdquo or collectively with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce its financial results for the full year ended 31 March 2017 (&ldquo FY2017&rdquo ), with its net profit rising 147% to S$22 million. Commenting on the FY2017 results, mm2 Asia Executive Chairman, Mr Melvin Ang (洪 伟 才 ) said, &ldquo We have had a steady year-on-year growth since our listing in December 2014. Our production revenue from North Asia has increased and we expect a continuous growth in productions in this region. With a significant number of acquisitions, including the recent proposed acquisition of the Lotus cinemas in 13 locations in Malaysia, as well as the listing of one of our subisidiaries, UnUsUaL Limited, on the SGX, we are even more equipped and ready to grow further as a leading entertainment group in Asia. Along with the deep expertise of our new CEO Mr Chang Long Jong, we are excited about the various growth opportunities in the region that we can tap on in the coming years&rdquo .
MM2 ASIA&rsquo S FY2017 NET PROFIT ROSE 147% TO S$$22 MILLION 1. Group revenue increased by 149% to S$95.4 million, mainly due to significant increase in the Group&rsquo s core business as well as additional revenue generated from its event and concert promotion and cinema business during the year 2. Expect increase in productions in North Asia with higher contribution from cinema business, concert and event production and promotion and other subsidiaries SINGAPORE, 23 MAY 2017 &ndash mm2 Asia Ltd. (&ldquo mm2 Asia&rdquo , &ldquo mm2 全 亚 影 视 娱 乐 有 限 公 司 &rdquo or collectively with its subsidiaries, the &ldquo Group&rdquo ), is pleased to announce its financial results for the full year ended 31 March 2017 (&ldquo FY2017&rdquo ), with its net profit rising 147% to S$22 million. Commenting on the FY2017 results, mm2 Asia Executive Chairman, Mr Melvin Ang (洪 伟 才 ) said, &ldquo We have had a steady year-on-year growth since our listing in December 2014. Our production revenue from North Asia has increased and we expect a continuous growth in productions in this region. With a significant number of acquisitions, including the recent proposed acquisition of the Lotus cinemas in 13 locations in Malaysia, as well as the listing of one of our subisidiaries, UnUsUaL Limited, on the SGX, we are even more equipped and ready to grow further as a leading entertainment group in Asia. Along with the deep expertise of our new CEO Mr Chang Long Jong, we are excited about the various growth opportunities in the region that we can tap on in the coming years&rdquo .
mm2 to submit a proposal to acquire golden village.
eagleeyes1989 ( Date: 04-May-2017 09:15) Posted:
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Another entertainment stock but singapore company
Should be exciting next week.
Should be exciting next week.
cleared 60.5 !!
rest of climb , i cannot see how far as at now .. may reduce a fraction when climb stop ...
rest of climb , i cannot see how far as at now .. may reduce a fraction when climb stop ...
Blue-sky ( Date: 19-May-2017 14:23) Posted:
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The psychological resistance of $0.6 may need more time to overcome.
Good job ! 1st target of 60.5 is near.
Short term buyers can let go. Next level 73. Will be a slow climb Market will need some time to digest the changes in company. Results should be sterling pe adjustment etc
Short term buyers can let go. Next level 73. Will be a slow climb Market will need some time to digest the changes in company. Results should be sterling pe adjustment etc
WSJ.Shares ( Date: 18-May-2017 18:15) Posted:
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I brought alot in 0.505 :)
60 is next target !!!
hope you are still on board
hope you are still on board
Blue-sky ( Date: 04-May-2017 15:45) Posted:
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http://www.channelnewsasia.com/news/lifestyle/singaporean-company-mm2-entertainment-inks-deal-with-turner-asia-8850452
wow.. surging up suddenly
Better to collect now...0.4 unlikely liao ..if have i think you wont buy already .
Once Break the 50.5 resistance 48/49 will be history ..
ship sailing Northwards soon ..better collect some just in case sail early ..once results release , PE will drop ..
WSJ.Shares ( Date: 04-May-2017 13:46) Posted:
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Sian, i still wish to collect low sia.... pls drop to 0.4 :P
wow! huge buy up almost 1mil ++ shares!!
mm2 Entertainment enters binding MOU to invest in
Hong Kong professional cinema management company
Cinema Pro Limited (影 珀 影 院 有 限 公 司 )
to target North Asia market
mm2 Entertainment&rsquo s investment for a 19.68% stake contains a profit
guarantee and buy-back guarantee from Cinema Pro Limited and Kbro Media
Co. Limited respectively
Majority owner of Cinema Pro Limited is Kbro Media Co. Limited &ndash a
subsidiary of Fubon Group, with over US$190.8bn assets (2016)
Singapore, 3 May 2017 &ndash mm2 Asia Ltd. (&ldquo mm2 Asia&rdquo and together with its
subsidiaries, the &ldquo Group&rdquo ) wholly-owned subsidiary, mm2 Entertainment Pte. Ltd.,
has entered into a binding MOU with Cinema Pro Limited (影 珀 影 院 有 限 公 司 ) and
Kbro Media Co. Limited to acquire 3,200,000 new shares, totalling 19.68% of the
enlarged share capital at HKD1.25 each in Cinema Pro Limited (影 珀 影 院 有 限 公 司 ).
The collaboration will bring together Singapore movie producer mm2 Entertainment
with cinema veteran Chan Chi Leung, and the strong support of Kbro Media Co. Ltd
to target cinema projects in Asia.
Founded in Oct 2014, Cinema Pro Limited (CP) provides an ALL-IN-ONE cinema
management service and is formed by a group of experts in the cinema industry
covering Hong Kong and Mainland China including UA Cinema Circuit (UA 院 線 ),
Orange Sky Golden Harvest (橙 天 嘉 禾 ), Jinyi Cinemas (金 逸 影 院 ) and Dadi Cinemas
(大 地 院 線 ).
&ldquo We are very happy to invest and be a significant part of Cinema Pro and team with
Kbro Media to expand our cinema projects across North Asia,&rdquo said Mr Hock Ong,
CEO of the Group&rsquo s cinema business.
mm2 Asia Ltd.
Co. Reg. No.: 201424372N
1002 Jalan Bukit Merah
#07-11 Singapore 159456
www.mm2asia.com
&ldquo The recent increase in the number of malls in key markets across Asia has created
unprecedented collaboration opportunities between mall owners and professional
cinema management operators. With our recently acquired expertise from
mmCineplexes, and the experience and strength of the current management team in
Cinema Pro, we are confident to increase our presence in new cinema projects
opportunities across Asia,&rdquo added Mr Ong.
&ldquo We are excited to welcome mm2 Entertainment into our company, and the team is
looking forward to further our success in the region. With the experience of the mm2
group of companies and entertainment network, together we will uncover and create
better cinemas across North Asia.&rdquo said Chan Chi Leung, CEO of Cinema Pro
Limited.
fake sell q at 0.5..
slowly waking up - buy queue getting bigger.. this week can break 0.5 most probably and head towards 0.6 TP very soon. HUAT AH!!
opening reach 0.5 now sleeping again. zzzZZZZzzZzzzzzZZZZZZzzzzZZZz