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mm2 Asia Ltd. (1B0) AI Stock Analysis

2 Followers
SG:1B0

mm2 Asia Ltd.

(SGX:1B0)

Select Model
Rating:37Underperform
Price Target:SGD 0.01â–¼(-10.00% Downside)
Action:downgraded
Date:10/01/26

The company is in severe financial distress with insolvent balance sheet, catastrophic revenue decline, and negative cash flows. The stock is a non-trading pennystock with no technical momentum and a negative P/E ratio. The overall score is at the absolute minimum, reflecting extreme risk to capital.

Positive Factors
Content and IP portfolioA portfolio of content and intellectual property gives mm2 Asia reusable assets that can be monetized across production, distribution and licensing activities. Its regional operating footprint may also support broader exploitation of successful titles and reduce reliance on a single market or release.
Negative Factors
Severe revenue collapseThe steep revenue collapse indicates a major deterioration in operating scale and the ability to convert the content platform into current-period sales. Such a contraction weakens fixed-cost absorption, reduces resources available for new content, and makes recovery dependent on rebuilding commercial activity.

mm2 Asia Ltd. (1B0) vs. iShares MSCI Singapore ETF (EWS)

-5%0%5%10%15%20%25%30%SG:1B00.00%EWS+11.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
SGD 19.61M
Dividend Yield
―
Average Volume (3M)
342.20K
Price to Earnings (P/E)
-0.1
Beta (1Y)
0.36
Revenue Growth
-77.08%
EPS Growth
-40.82%
Country
Singapore
Employees
―
Sector
Communication Services
Sector Strength
60
Industry
Entertainment

mm2 Asia Ltd. Business Overview & Revenue Model

Company Description

mm2 Asia Ltd. specializes in the creation, dissemination, and backing of cinematic features, television programming, and digital content, operating across Singapore, Malaysia, Hong Kong, Taiwan, and China, with an international reach. Its comprehensi...

How the Company Makes Money

mm2 Asia makes money primarily by developing, acquiring, and monetizing media content and related IP across multiple channels. Key revenue streams typically include: (1) Content production and co-production income: revenue and fees derived from produ...

mm2 Asia Ltd. Financial Statement Overview

Summary

Financial health is critically distressed. Revenue collapsed 97% to SGD 4.67M, gross profit is deeply negative, and the net loss reached SGD 180.6M. The balance sheet is insolvent with negative equity of SGD 196.7M, and operating cash flow has turned negative. This indicates a fundamental solvency crisis.

Income Statement

5Very Negative

Balance Sheet

5Very Negative

Cash Flow

5Very Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue38.29M4.67M165.13M191.75M133.41M83.52M
Gross Profit-130.82M-133.81M17.14M50.41M28.22M8.76M
EBITDA-174.87M-198.35M-90.05M31.95M19.21M35.00M
Net Income-179.30M-180.56M-105.23M-5.65M-119.72M-34.98M
Balance Sheet
Total Assets114.75M114.75M354.63M454.08M425.84M575.72M
Cash, Cash Equivalents and Short-Term Investments224.00K224.00K11.26M13.63M13.94M19.13M
Total Debt195.64M195.64M218.21M229.83M231.86M261.03M
Total Liabilities334.38M334.38M330.00M339.95M337.70M377.37M
Stockholders Equity-196.69M-196.69M5.99M72.56M50.67M158.53M
Cash Flow
Free Cash Flow-4.75M-4.75M-17.35M494.00K7.87M18.50M
Operating Cash Flow-4.62M-4.62M569.00K4.88M8.88M26.22M
Investing Cash Flow-5.18M-5.18M-18.03M-3.90M-1.25M-5.50M
Financing Cash Flow334.00K334.00K17.32M-2.12M-12.28M-17.89M

mm2 Asia Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

SG:1B0 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
SG:OMKSG:OMK41NeutralSGD 5.41M-0.503146.36%―-56.53%27.38%
SG:1B0SG:1B037UnderperformSGD 19.61M-0.11155.49%―-77.08%-40.82%

* Communication Services Sector Average

Performance Comparison

-60%-40%-20%0%SG:1B0SG:9VWSG:OMKSG:XJBSG:SEJSG:WKSDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
SG:1B0 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
SG:1B0mm2 Asia Ltd.0.010.000.00%
SG:9VWSpackman Entertainment Group Ltd0.10-0.04-27.27%
SG:OMKVividthree Holdings Ltd.0.01-0.01-50.00%
SG:XJBG.H.Y Culture & Media Holding Co., Ltd.0.05-0.11-68.15%
SG:SEJNoonTalk Media Limited0.06-0.01-16.67%
SG:WKSWinking Studios Limited0.21-0.03-11.89%

mm2 Asia Ltd. Corporate Events

Mm2 Asia Reshapes Board as Restructuring Officer Steps Down from Director Role

Aug 14, 2026

Mm2 Asia Ltd. has announced the resignation of Executive Director Ang Chiang Meng from its board, effective 14 August 2026, though he will continue to serve as Chief Restructuring Officer, maintaining responsibility for leading and overseeing the com...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 01, 2026