Added to YB: 2024-05-09
Pitch date: 2024-05-08
1970.HK [bullish]
IMAX China Holding, Inc.
+22.9%
current return
Author Info
Company Info
IMAX China Holding, Inc., an investment holding company, provides digital and film-based motion picture technologies in Mainland China, Hong Kong, Taiwan, and Macau.
Market Cap
HKD 335.9M
Pitch Price
HKD 7.25
Price Target
12.00 (+35%)
Dividend
N/A
EV/EBITDA
4.38
P/E
11.04
EV/Sales
2.56
Sector
Entertainment
Category
special_situation
Flagging a potentially interesting situation: IMAX China (HKG: 1970)
IMAX China (1970.HK) subsidiary of IMAX Corp trades at 5x EBITDA vs parent's 8x despite higher margins. $10/share go-private offer failed; mgmt likely to re-attempt at ~$12 (8-9x EBITDA post-savings). Privatization rationale: cost savings, tax efficiency, simplify structure. Low downside after failed deal.
Read full article (4 min)