[ET Net News Agency, 5 February 2018] Deutsche Bank tweaked its target price for
Television Broadcasts (TVB)(00511) to HK$30.2 from HK$30.3, and maintained its "buy"
rating.
The research house said HK retail sales will likely continue to improve from 2H 2017.
Meanwhile, "myTV super" will likely be profitable from 2018 and with overhand lift
(termination of the share repurchase offer), DB believes management has more flexibility
in reviewing its mid/long term investment/capex requirement as well as dividend payout.
It lowered its net profit forecast by 48%/17%/13% for 2017/18/19, and net profit decline
is steeper in 2017 than 2018 and 2019 as DB expects adex increase will help offset the
relatively stable cost. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00511 TVB
Nominal 
2.900 -0.020 (-0.685%) Others
05/02/2018 15:41
[I-bank focus]Deutsche Bank tweaks TVB (00511) to HK$30.2
| Remark: | Real time quote last updated: 19/04/2024 11:17 |
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