Some slightly odd comments over at Seeking Alpha regarding Xinhua Finance Media's NASDAQ listing. "Xinhua Finance Media Limited did not turn out to be another Home Inns", says the writer. Duh! Another post on the same blog, highlights the reason for the disappointment; Xinhua Finance fell$2 from its opening price and although bouncing up and down a little, still hovers there at around $10.75.
The writer of the first post notes, quite rightly I suspect, that this is as much due to the industry in which XFML is operating as market conditions. High levels of regulation in the media industry do certainly make it a complicated business. Founded in 2005 by Fredy Bush's Tokyo-listed Xinhua Finance, the company describes itself as "a diversified media company in China. We offer broadcasting, print, production, advertising and research. XFM targets China’s growing population of well educated, high net worth individuals nationwide through TV, radio, newspapers, magazines and other distribution channels".
Not sure I'd bet against CEO Fredy Bush (pictured, right) who has built up a most impressive business in the past decade in a very tricky market. We wrote about her last in October last year when she won the Hong Kong Amcham's Woman of Influence award.
Wednesday, March 14, 2007
Xinhua Finance Media disappoints?
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2 comments:
I'd say that you are more right than the nay sayers. Bush has an impressive history and so far, has not suffered a failure in probably the most difficult market in existence. Shelly Singhal also has an impressive background and with the other insiders and supporters, they didn't bring this company out to fail. I'm banking on them and expect to see ths stock double in 2007.
Agreed. It's an ugly market in which to launch anything but it's hard to imagine that business information media won't be strong business over the next few years. Let's see how it goes.
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