mm2 Asia: DBSV hikes TP to $0.83 (prior: $0.74) on strategy clarity in North Asia. Maintain Buy
- Its key focus in North Asia will be to target niche markets and replicating successful business model
- In particular, it intends to adapt and remake successful Singapore titles like The Journey, I Not Stupid in specific provinces like Suchuan.
- Expects EPS to grow further, underpinned by growth in productions, expansion into China, contribution from cinema operations, and newly acquired UnUsUaL Group.
- mm2 Asia is currently a constituent in Market Insight's Growth portfolio.