Added to YB: 2024-05-09
Pitch date: 2024-05-08
1970.HK [bullish]
IMAX China Holding, Inc.
+2.34%
current return
Author Info
Company Info
IMAX China Holding, Inc., together with its subsidiaries, provides digital film technologies in the United States, Canada, Greater China, Asia, Western Europe, Latin America, and internationally.
Market Cap
HKD 323.7M
Pitch Price
HKD 7.25
Price Target
12.00 (+62%)
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
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)