FMCN
From China Stock Market
Focus Media Holding Limited operates out-of-home advertising network using audiovisual television displays in China. Its out-of-home advertising network consists of commercial location network, in-store network, poster frame network, mobile handset advertising network, and outdoor LED network.
Focus Media sits in a sweet spot in the fastest growing economy in the world, where advertising spending is growing at double-digit rate. Focus Media has the largest LCD advertising network in the country.
Focus Media listed its shares in an IPO on the Nasdaq on July 13th, 2005 at $17 a share. Although the first day trading of FMCN was not spectacular (hitting a high of just $21), it now is being traded at around $68 a share, a respectful 500% return within 18 months. By comparison, Google (GOOG) in the same period appreciated less than 80%.
Focus Media is also headquartered in Shanghai China and was founded by Jason Nanchun Jiang in 1997.
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How To Invest
Focus Media stock FMCN is traded on the Nasdaq market, can be bought with a brokerage account.
Competitors
Focus Media is the dominant player in its market. According to its CEO Jason Jiang's own words: "Now that we are already in the Tier-I Cities and top Tier-II Cities, we continue to expand our business into further Tier-II Cities. If somebody really wanted to compete with us, that would be a story three years ago."
Investor News
2007/02/28, FMCN announced acquisition of Allyes Information Technology Company Limited, the largest internet advertising service company in China. This will allow Focus Media to enter the fast growing online advertising market in China that is projected to reach RMB $11.7 billion in 2008.
