Golden Village Cinemas as a Value Play?- Revisiting Investment Thesis
In an earlier article, we covered Orange Sky Golden Harvest stock which is listed in Hong Kong as a value investment. They are the owners of the popular Golden Village cinemas. They also have a presence in Hong Kong and Taiwan. Their latest foray is into China with a 360 theatre in Suzhou that is meant for live performance- it is able to house up to 2700 spectators.
The stock has seen exciting movements after our article, on a quick upsurge to 18 cents in March 2023 from the 6.5 cents level. It has actually reached our target (18 cents) which was highlighted in our report. It was mainly speculative flow as it has since retreated back. The catalyst was mainly due to the newsflowthat TVB is getting their stars to do live-stream sales on the Taobao online platform.
The stock has seen exciting movements after our article, on a quick upsurge to 18 cents in March 2023 from the 6.5 cents level. It has actually reached our target (18 cents) which was highlighted in our report. It was mainly speculative flow as it has since retreated back. The catalyst was mainly due to the newsflowthat TVB is getting their stars to do live-stream sales on the Taobao online platform.
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