As China's exhibition sector — shuttered since Jan. 23 amid the coronavirus pandemic — gets set to turn its lights back on, analyst Eric Handler of MKM Partners on Wednesday said Imax has "multiple years of liquidity" on hand with which to start reopening its screens in China in mid-May.
A small number of Chinese cinemas reopened in March as that country made progress in battling the COVID-19 crisis, but then shut down again soon afterward.
But Handler sees Imax as being one of the first global exhibition players to be back in business as schools in China get set to reopen in late April, likely allowing movie theaters to resume operations in mid-May. "We continue to favor Imax among the exhibition related companies.
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