Boston, MA 03/12/2014 (wallstreetpr) – Bona Film Group Ltd (ADR) (NASDAQ:BONA) makes money from film production, distribution, exhibition and talent representation. The company has global business interest and the fact that it is the largest and vibrant non-state owned content distributors makes its prospects even attractive.
Shares of the company were among the few China stocks on NASDAQ that attained new 12-month high price levels in the last trading. The stock was traded in the range of $7.32 – $8.92 on the day, before eventually ending the rally at $8.04 with 10.44 percent gain. Look at the stock reveals that it has been in a compelling uptrend in recent times, in fact, since September.
Growth plans
Bona Film Group Ltd (ADR) (NASDAQ:BONA) is directing its energies and resources in netting more revenue and improving its bottom line. Thus, the company, having increased owned and operated theatres to 22 in 2013 from 20 in 2012, has planned to open 7 more theatres by the end of this year.
Opportunities
The company is attracting foreign content owners who are looking to monetize their productions in China. Breaking into various market industries in China becomes easy for foreign companies when they team up with local partners. And in that sense, Bona Film Group Ltd (ADR) (NASDAQ:BONA)’s position as the largest non-state controlled content distributor makes it an attractive partner. Thus, the company could end up inking lucrative deals with the likes of 21st Century Fox as well as other global studios with interest in domestic China content market.
Bottom line
Bona Film Group Ltd (ADR) (NASDAQ:BONA) remains a compelling story by most measures. A look at the company’s roster of investors leaves no doubt that there is something attractive cooking in the stock. The company’s investor list includes 21st Century Fox, Fosun Group and founder Dong Yu. In a nutshell, Bona Film Group Ltd (ADR) (NASDAQ:BONA) shareholders reveal strategic and quality ownership interest. And this goes a long way to say that the company has its best days ahead of the tarmac.
