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5 Chinese Stocks to Ride the Reforms

These companies will benefit from the rising consumer class

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Bona Film Group (BONA)

Bona Film GroupA growing China middle class means a growing need for entertainment, and that means more Chinese are going to be headed to movie theaters.

One company making big profits via making must-see movies is Bona Film Group (BONA).

The company just released its Q3 earnings, which showed a 42.3% year-over-year boost in net revenue and a 45.8% surge in Q3 gross profit. EPS for the quarter came in at 5 cents, well above the 2 cents per share earned in the same quarter last year. Although both revenue and EPS were just slightly below expectations, the stock hasn’t slowed a bit.

Year-to-date, BONA shares are up more than 30%, and that ride is likely to continue as more Chinese head to the movies.

Article printed from InvestorPlace Media,

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