Ali Pictures Group is part of the core Digital Media and Entertainment Group of its parent Alibaba. As such it has started to reap the benefits of synergies as with its purchase of Damai.cn last year
Boomeranged on Wed, 22 May 2024 10:22
A break of the $0.50 resistance is now imminent with rising volume and large international brokers showing up on the bid over the last week. Initial small resistance at $0.55 and a fast re-rating to $0.83. The company is seeing impressive results as it first consolidation of Damai and the offline entertainment business rapidly recovers.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.