mm2 Asia Ltd. (1B0) AI Stock Analysis

• Market Cap: S$19.61M
• Dividend Yield: N/A
• Average Volume (3M): 2.42M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.13
• Revenue Growth: -23.38%
• EPS Growth: -502.44%
• Country: SG
• Employees: N/A
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): >-0.01
• Shares Outstanding: 6,535,644,500
• 10 Day Avg. Volume: 834,680
• 30 Day Avg. Volume: 2,415,153
• PEG Ratio: >-0.01
• Price to Book (P/B): 8.61
• Price to Sales (P/S): 0.31
• P/FCF Ratio: -2.97
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 36 Underperform
• Price Target: <S$0.01 ▼(-10.00% Downside)

The overall stock score is primarily impacted by the company's weak financial performance, characterized by high leverage and declining profitability. The lack of technical analysis data and poor valuation metrics further contribute to the low score.

Positive Factors

Digital Media Expansion

Expanding digital media partnerships enhance revenue streams and market reach, aligning with industry trends towards online content consumption.

Leadership Changes

New leadership focused on restructuring can stabilize financial health and improve strategic direction, potentially enhancing long-term operational efficiency.

Innovative Media Platforms

Developing new media platforms positions the company to capture changing consumer preferences, fostering long-term growth in the digital content sector.

Negative Factors

High Leverage

High leverage indicates financial risk, limiting flexibility and increasing vulnerability to economic downturns, which could hinder long-term growth.

Declining Profitability

Sustained negative profitability metrics highlight challenges in cost management and revenue generation, threatening long-term financial sustainability.

Legal and Financial Claims

Ongoing legal and financial claims increase financial obligations and risks, potentially impacting cash flow and stakeholder confidence in the long term.

mm2 Asia Ltd. Business Overview & Revenue Model

Company Description

mm2 Asia Ltd. produces, distributes, and sponsors films, television (TV), and online content in Singapore, Malaysia, Hong Kong, Taiwan, China, and internationally. The company operates through Content Business, Digital Entertainment Business, and Concert and Event Business segments. It produces and distributes motion picture, video, and television programme and sponsorship; provides visual effects and immersive media work services for films, commercials, and production of location-based entertainment; and management consultancy services, as well as communications and media relations solutions. The company also distributes content produced by third parties across various platforms, such as cinemas, Pay TV, Free TV, online, DVD, airlines, and others; offers content and platform solutions to advertisers; and manages and operates cinemas under the mmCineplexes brand name. In addition, it produces and promotes events and concerts for artists and showrunners; offers creative and technical solutions for events and concerts; engages in social media advertising activities; develops software for interactive digital media; and streams digital film and short-form content, as well as operates a café, dramatic arts, music, and other arts activities. Additionally, the company is involved in the events productions, concerts promotion, and rental of stage lighting, sound system, and equipment; installation of audio equipment and light system; operating online marketplace for goods; providing digital advertising and brand consultancy services; and organising and management of events. mm2 Asia Ltd. was founded in 2008 and is headquartered in Singapore.

How the Company Makes Money

mm2 Asia Ltd. generates revenue through several key streams, including film production and distribution, television broadcasting rights, and digital content monetization. The company produces films that are distributed to cinemas and streamed on various platforms, earning box office revenue and licensing fees. Additionally, mm2 generates income from the sale of broadcasting rights for its television content to local and international networks. The advent of digital media has also opened up new revenue opportunities for mm2, as the company partners with online streaming platforms to distribute its content, earning subscription fees and ad revenues. Partnerships with other media companies and platforms are crucial, as they facilitate broader distribution and enhance the company's visibility and market reach, contributing significantly to its overall earnings.

mm2 Asia Ltd. Financial Statement Overview

Summary

mm2 Asia Ltd. faces significant financial challenges, with high leverage, declining profitability, and cash flow constraints. The company has a negative net profit margin and high debt levels, posing risks to future stability and growth.

Income Statement

The company has experienced fluctuating revenue growth with a recent increase of 4.99%. However, profitability metrics are concerning, with a negative net profit margin of -63.72% and a negative EBIT margin of -61.47% for the latest year. The gross profit margin has also declined significantly from previous years, indicating pressure on cost management.

Balance Sheet

The balance sheet shows high leverage with a debt-to-equity ratio of 36.41, indicating significant financial risk. Return on equity is negative, reflecting ongoing losses. The equity ratio is low, suggesting limited financial stability and a heavy reliance on debt financing.

Cash Flow

Cash flow metrics reveal challenges, with negative free cash flow growth and a very low operating cash flow to net income ratio. The free cash flow to net income ratio is also negative, highlighting cash flow difficulties relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	165.13M	165.13M	191.75M	133.41M	83.52M	75.23M
Gross Profit	17.14M	17.14M	50.41M	28.22M	8.76M	3.05M
EBITDA	-90.05M	-90.05M	31.95M	19.21M	35.00M	-37.53M
Net Income	-105.23M	-105.23M	-5.65M	-119.72M	-34.98M	-90.78M
Balance Sheet
Total Assets	354.63M	354.63M	454.08M	425.84M	575.72M	623.81M
Cash, Cash Equivalents and Short-Term Investments	11.26M	11.26M	13.63M	13.94M	19.13M	36.66M
Total Debt	218.21M	218.21M	229.83M	231.86M	261.03M	341.33M
Total Liabilities	330.00M	330.00M	339.95M	337.70M	377.37M	449.60M
Stockholders Equity	5.99M	5.99M	72.56M	50.67M	158.53M	126.88M
Cash Flow
Free Cash Flow	-17.35M	-17.35M	494.00K	7.87M	18.50M	1.29M
Operating Cash Flow	569.00K	569.00K	4.88M	8.88M	26.22M	2.15M
Investing Cash Flow	-18.03M	-18.03M	-3.90M	-1.25M	-5.50M	-9.06M
Financing Cash Flow	17.32M	17.32M	-2.12M	-12.28M	-17.89M	-10.21M

mm2 Asia Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
OMK	41 Neutral	S$8.42M	-0.57	-131.81%	―	-56.03%	-404.08%
1B0	36 Underperform	S$19.61M	-0.40	-728.78%	―	-23.38%	-502.44%

mm2 Asia Ltd. Corporate Events

mm2 Asia Subsidiary Faces S$200,000 Payment Demand from Ace Financial

mm2 Asia’s subsidiary, mm2 Entertainment Pte. Ltd., has received a letter of demand from Ace Financial Services Pte Ltd. alleging non-payment of S$200,000 plus interest and legal costs under a 2022 facility agreement, with a seven-day deadline before potential legal proceedings. The company and the board of the subsidiary are seeking legal advice, reserving all rights and cautioning shareholders and potential investors to exercise care in dealing with the company’s securities while awaiting further updates, underscoring short-term uncertainty around its financial obligations and potential litigation exposure.

The most recent analyst rating on (SG:1B0) stock is a Sell with a S$0.01 price target. To see the full list of analyst forecasts on mm2 Asia Ltd. stock, see the SG:1B0 Stock Forecast page.

mm2 Asia Subsidiary Faces S$6.3 Million Payment Demand Over Film and TV Investments

mm2 Asia Ltd. has disclosed that its subsidiary, mm2 Entertainment Pte. Ltd., received a letter of demand on 28 December 2025 from solicitors acting for investor Yi Xianhuang, seeking payment of approximately S$6.32 million allegedly owed under various movie investment agreements and a refundable deposit tied to a television series. The letter demands full settlement by 9 January 2026 and warns that legal proceedings may be initiated if payment is not made, prompting the board to caution shareholders and potential investors to exercise care when trading the company’s securities while it monitors the situation and prepares further updates.

The most recent analyst rating on (SG:1B0) stock is a Sell with a S$0.01 price target. To see the full list of analyst forecasts on mm2 Asia Ltd. stock, see the SG:1B0 Stock Forecast page.

mm2 Asia Subsidiary mmLive Hit With S$18.9 Million Statutory Demand

mm2 Asia Ltd. has disclosed that its subsidiary mmLive Pte. Ltd. received a statutory demand on 23 December 2025 from solicitors acting for an individual creditor, Mr. Yi Xianhuang, seeking payment of an outstanding sum of S$18.9 million under Singapore’s Insolvency, Restructuring and Dissolution Act 2018. If mmLive fails to pay, secure, or otherwise satisfy this amount within three weeks of service, it may be deemed unable to pay its debts, raising potential insolvency implications for the subsidiary and heightening financial and legal risks for the group. The boards of mm2 Asia and mmLive are currently seeking legal advice and have cautioned shareholders and potential investors to exercise care when dealing in the company’s securities while reserving all their rights and promising further updates on material developments.

The most recent analyst rating on (SG:1B0) stock is a Sell with a S$0.01 price target. To see the full list of analyst forecasts on mm2 Asia Ltd. stock, see the SG:1B0 Stock Forecast page.

mm2 Asia Ltd. Faces Lease Termination and Payment Demand

mm2 Asia Ltd. has received a Termination and Demand Notice from HPE Facilities Services (Malaysia) Sdn. Bhd., terminating business lease agreements with its subsidiary MM2 Screen Management Sdn. Bhd. and demanding payment of RM604,741.65 for outstanding lease payments. The company is seeking legal advice and advises shareholders and investors to exercise caution with their securities.

The most recent analyst rating on (SG:1B0) stock is a Sell with a S$0.01 price target. To see the full list of analyst forecasts on mm2 Asia Ltd. stock, see the SG:1B0 Stock Forecast page.

mm2 Asia Faces Financial Demands from UOB

mm2 Asia Ltd. and its subsidiaries have received letters of demand from United Overseas Bank Limited (UOB) for an outstanding debt of S$74,626,487.20. UOB has indicated its intention to exercise its rights over the company’s shares and properties should the debt not be settled within seven days, potentially impacting the company’s operational stability and market position. The company is currently seeking legal advice and monitoring the situation closely.

mm2 Asia Ltd. Announces Board and Committee Restructuring

mm2 Asia Ltd. announced changes to its Board of Directors and Board Committees, effective from November 7, 2025. Ms. Tan Ching Yee has resigned as a Non-Executive and Independent Director, also stepping down from her roles in the Audit and Remuneration Committees. The company expressed gratitude for her contributions. Following her resignation, the Board and Committees have been restructured, with Mr. Lai Hock Meng and Dr. Tan Khee Giap taking on new roles, which may influence the company’s strategic direction and governance.

mm2 Asia Ltd. Faces Statutory Demand Over Outstanding Payments

mm2 Asia Ltd. has received a statutory demand from SingLand West Mall Pte. Ltd. for an outstanding payment of S$794,393.01, which includes rental, service charges, and associated costs. The company has three weeks to address the demand, failing which it may be deemed unable to pay its debts under Singapore’s Insolvency, Restructuring and Dissolution Act 2018. The Board is seeking legal advice and will update stakeholders on any significant developments.

mm2 Asia Faces Legal Claim Over Deed of Guarantee

mm2 Asia Ltd. has received an originating claim from HSBC Institutional Trust Services (Singapore) Limited, acting as Trustee of Frasers Centrepoint Trust, related to a deed of guarantee for its associated company, Cathay Cineplexes Pte. Ltd., which is under voluntary liquidation. The claim seeks a sum of over S$2.6 million, interest, damages, and costs, with the company currently seeking legal advice. This development could impact mm2 Asia’s financial obligations and stakeholder interests, prompting caution among shareholders and investors.

mm2 Asia Faces Debt Demand from Standard Chartered Bank

mm2 Asia Ltd., along with its associated companies mm Connect Pte. Ltd. and Cathay Cineplexes Pte. Ltd., has received letters of demand from Standard Chartered Bank for a debt of S$905,582.87. The company is seeking legal advice and monitoring the situation, advising shareholders and investors to exercise caution.