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mm2 Asia Ltd.
(SGX:1B0)
Select Model
Select Model
Rating:44Neutral
Price Target:
S$0.01
▲(0.00% Upside)
Action:Reiterated
Date:10/01/26
The score is driven primarily by very weak financial performance, including a sharp revenue collapse, extreme losses, negative equity, and negative operating/free cash flow. Technicals are mixed with a flat trend but elevated stochastic momentum, providing only limited offset. Valuation offers little support due to a negative P/E and no dividend yield data.
Positive Factors
Content and IP portfolio
A 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 collapse
The 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Content and IP portfolio
A 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.
Read all positive factors
mm2 Asia Ltd. (1B0) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$19.61M
Dividend YieldN/A
Average Volume (3M)342.20K
Price to Earnings (P/E)―
Beta (1Y)0.27
Revenue Growth-77.08%
EPS Growth-40.82%
CountrySG
EmployeesN/A
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)-0.03
Shares Outstanding6,535,644,500
10 Day Avg. Volume342,200
30 Day Avg. Volume342,200
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.10
Price to Sales (P/S)4.20
P/FCF Ratio-4.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 comprehe...
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 pr...
mm2 Asia Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
6
Very Negative
Cash Flow
14
Very Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.67M | 165.13M | 191.75M | 133.41M | 83.52M |
| Gross Profit | -133.81M | 17.14M | 50.41M | 28.22M | 8.76M |
| EBITDA | -198.35M | -90.05M | 31.95M | 19.21M | 35.00M |
| Net Income | -180.56M | -105.23M | -5.65M | -119.72M | -34.98M |
Balance Sheet | |||||
| Total Assets | 114.75M | 354.63M | 454.08M | 425.84M | 575.72M |
| Cash, Cash Equivalents and Short-Term Investments | 224.00K | 11.26M | 13.63M | 13.94M | 19.13M |
| Total Debt | 195.64M | 218.21M | 229.83M | 231.86M | 261.03M |
| Total Liabilities | 334.38M | 330.00M | 339.95M | 337.70M | 377.37M |
| Stockholders Equity | -196.69M | 5.99M | 72.56M | 50.67M | 158.53M |
Cash Flow | |||||
| Free Cash Flow | -4.75M | -17.35M | 494.00K | 7.87M | 18.50M |
| Operating Cash Flow | -4.62M | 569.00K | 4.88M | 8.88M | 26.22M |
| Investing Cash Flow | -5.18M | -18.03M | -3.90M | -1.25M | -5.50M |
| Financing Cash Flow | 334.00K | 17.32M | -2.12M | -12.28M | -17.89M |
mm2 Asia Ltd. Peers Comparison
UnderperformOutperform
Sector (60)
SG:1B0
mm2 Asia Ltd.
0.01
0.00
0.00%
SG:9VW
Spackman Entertainment Group Ltd
0.12
-0.04
-25.47%
SG:OMK
Vividthree Holdings Ltd.
0.01
-0.01
-50.00%
SG:XJB
G.H.Y Culture & Media Holding Co., Ltd.
0.07
-0.08
-55.63%
SG:SEJ
NoonTalk Media Limited
0.05
-0.01
-19.35%
SG:WKS
Winking Studios Limited
0.21
-0.05
-20.85%
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 ...
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.