MM2 will rise like a phoenix from the ashes! The fund raised from its recent right issue exercise will boost and strength its balance sheet. It will provide the necessary fund to reduce its debt and recharge its businesses. Next is that the Covid situation has improved much in Singapore and this will bring positive impact to its entertainment businesses. Another strong and positive catalyst to its share price will be merging and listing of its cinema business. Its share price should reflect its good turnaround in the coming months!
MM2 will see pent-up demand for out of home and live entertainment after the easing of covid lockdowns. It has a strong pipeline of 22 projects valued at $99m till FY22, higher than previous years. It will be back to its glorious days and this will one of valued stocks for this year!
