Television broadcasting (00511) rose by more than 10%. As of press release, it had risen 9.72% to HK$3.5, with a turnover of HK$14.034,900.
The Zhitong Finance App learned that the TV broadcast (00511) rose by more than 10%. As of press release, it had risen 9.72% to HK$3.5, with a turnover of HK$14034,900.
According to reports, TVB Executive Chairman Xu Tao said in an interview with the media last week that in addition to the increase in free TV advertising revenue in Hong Kong, the revenue driven by co-production of series with the mainland is expected to break through the 1 billion yuan mark this year; furthermore, the improvement in the advertising market is not limited to free TV benefits. Coupled with commercials on the OTT platform MyTV SUPER, the first quarter of this year also recorded a year-on-year increase of over 30%. He also pointed out that TVB is also expected to strengthen cooperation with Tencent after signing a strategic agreement with Youku in March of this year to increase cooperation. The TV broadcast previously announced that it is expected to achieve positive net profit in the second half of this year.