00511 TVB
- 3.150
- +0.040+1.29%
TVB News
TVB Names CFO
TVB (00511.HK): Li Fulai has been appointed as CFO.
On July 26th, Keck Seng Investments (00511.HK) released a notice that Li Fulin has been appointed as CFO, effective on August 1st, 2024, replacing his current position as Acting CFO. Chen Shuhong has resigned from his position as Acting Company Secretary and Authorized Representative, effective on August 1st, 2024. Li Liyi has been appointed as the Company Secretary and Authorized Representative, effective on August 1st, 2024.
TVB (00511): Lee Lai Yee appointed as Company Secretary.
TVB (00511) has announced that Li Fulei has been appointed as the Chief Financial Officer, effective 2024, replacing the acting CFO.
Juejin Paris Olympics | Global enterprises actively participate, can the centennial event regain its glory?
For the centenary Olympics itself and the market participants involved in it, this year's Paris event is an important "gamble". Faced with heavy pressure, the host's race design is quite bold, and global companies in various industries have also increased their investment. Obviously, not all bets can be profitable, and investment in the Olympics is no exception.
tvb (00511.HK) now rises by 4%, expected to turn positive on EBITDA for the first half of the year.
TVB (00511.HK) opened high at 8.1% this morning on the breakaway gap and reached a high of 3.32 yuan in the early session before narrowing its gains. It is now reported at 3.2 yuan, up 4.23% with a turnover of 0.6816 million shares and a capital of 2.2061 million yuan involved. The company expects to achieve a positive EBITDA during the six months period ending in June this year, which is significantly improved compared to the EBITDA loss in the same period last year. Therefore, the company reiterates its expectations of achieving a significant positive EBITDA for the full year. In addition, based on the current business momentum, it is expected to close by the end of December this year, excluding special one-time items.
Mid-day Brief: The three major indexes fell together, with the NASDAQ dropping over 1%. Semiconductor and Apple supplier stocks fell, with BYD Electronic and Hua Hong Semi dropping over 5%.
As of press time, Hang Seng Index fell by 0.41%, CSI 300 fell by 0.47%, and ChiNext fell by 1.31%.
HK stocks surge | TVB (00511) up more than 8% on high opening, expected to turn positive in EBITDA for the midterm, with double-digit increase in advertisement unit price during the gold time slot in the second quarter.
TVB (00511) opened more than 8% higher and as of press time, rose 8.14% to HK$3.28, with a turnover of HK$0.3173 million.
Hong Kong stock market opens | Hong Kong stock index collectively opens high, GTJA: Hong Kong stock upward space is expected to open
On Tuesday, the three major indexes of Hong Kong stocks opened higher, with the Hang Seng Index up 0.25%, the Hang Seng China Enterprises Index up 0.19%, and the Hang Seng Tech Index up 0.66%.
Announcement Selection | China Energy Construction signed new contracts of approximately 74 billion yuan in the first half of the year; SF Express expects mid-term profit to increase by more than 80%.
China United Network Communications released its operations data for June: the number of 5G package users reached 0.276 billion households; cmge: Shareholder Zhu Yihang completed a subscription of 0.1 billion shares of the company's stock, increasing his shareholding to 9.68%.
TVB's TV Channels Log 79% Market Viewership Share, Boost in Income
TVB (00511.HK) is expected to turn positive in mid-term EBITDA, with double-digit increase in advertising prices during the prime time of gold section in the next quarter.
TVB (00511.HK) announced that by the end of June this year, the total market share of its flagship channel Jade Channel, 24-hour TVB News Channel, and other channels reached 79% in the second quarter. The advertising revenue of the group from Hong Kong's terrestrial free channels continued to grow during the period, and the overall revenue from advertising clients achieved double-digit percentage growth year-on-year. Despite the general weakness of the advertising market in Hong Kong, the company continues to attract new clients. In addition, the group's Jade Channel and Pearl Channel, which have landed in Guangdong province, attract more than 20 million viewers each month, and the new advertising products launched in the Greater Bay Area of Guangdong Province.
TVB (00511.HK) is expected to achieve positive EBITDA in the medium term.
TVB (00511.HK) announced on July 22nd that during the three-month period ending on June 30, 2024, the group's advertising revenue on Hong Kong free-to-air channels continued to grow, with overall revenue from advertising clients achieving a double-digit percentage growth compared to the same period last year. Despite the overall weakness of the Hong Kong advertising market, the group continues to attract new clients, including leading financial and consumer brands looking to leverage the group's extensive coverage in Hong Kong.
The communication bureau has relaxed local free and paid television regulations, allowing for the provision of real-time news information in designated types of programs.
On the 15th, the Office of the Communications Authority announced that it has decided to relax the regulations on displaying non-program materials in local free and pay TV programs, allowing licensed institutions to decide whether to provide real-time news information in their programs based on their program production and arrangements. In June this year, the Communications Authority received an exemption application submitted by Television Broadcasts Limited (00511.HK) to display news headlines in designated programs, including current affairs programs, documentaries, information programs, and entertainment programs with subtitles on Phoenix TV Hong Kong Channel. The authority noted the increasing popularity of real-time information and the audience's interest in such information.
tvb (00511.HK) granted 6.9 million share options.
On July 3rd, Gelonhui announced that a total of 6.9 million share options were granted under the share option scheme adopted by the company on June 29, 2017, which will become effective only after acceptance by the grantee.
Hang Seng Index fell by 3 points, while Netease and Mengniu Dairy both rose by 4%. Lithium industry stocks rebounded sharply.
Nvidia (NVDA.US) rose 7% in stock price overnight, funds flowed back into technology stocks, Nasdaq rose 1.3%, while Dow Jones fell 0.8%. Hong Kong stocks fluctuated this morning, Hang Seng Index opened 138 points lower but narrowed its decline, once rebounded 49 points to 18,122 points, and fell 3 points at midday, closing at 18,069 points. H share index rose less than 1 point to 6,465 points; Hang Seng Tech Index rose 10 points or 0.3% to 3,665 points. The total trading volume of the market for the first half of the day was HKD 48.01 billion, with a net inflow of CNY 1.137 billion and CNY 0.851 billion from Shanghai and Shenzhen-Hong Kong Stock Connects, respectively. Meituan (03690.HK) declined.
Hong Kong stock market anomaly: TVB (00511) rose more than 7% in the market and reached a new framework cooperation with Tencent Video, and the number of customized drama cooperation increased to 8.
TVB (00511) rose more than 7% in midday trading, as of press time, up 6.15% to HKD 3.45, with a turnover of HKD 1.9451 million.
TVB (00511.HK) has reached a new framework cooperation with Tencent Video, and the number of custom-made TV dramas has doubled to 8.
TVB (00511.HK) announced a new strategic partnership with Tencent Video (00700.HK) in the film & television drama field, following the comprehensive cooperation signed by both parties last year. Under the agreement, the two sides will deepen their cooperation through resource integration and complementary advantages to create a more diversified content ecosystem and achieve a wider market impact. This includes increasing the cooperation on customized dramas to double the current 4 dramas to 8. The first 4 dramas, "Line Walker: The Prelude", "Succession War", "Flying Tiger II", and "Forensic Heroes IV" are expected to be released within this year.
TVB Again Highlights Misleading Aspects of Nielsen's May Gauge Report for Marketers
Television Broadcasts Raises Nearly KH$29Million via Issuance of Shares
TV Radio (00511.HK) completed allotment of a total of 8.74338 million new shares
Gelonghui announced on May 28 | TV broadcast (00511.HK). The Board of Directors is pleased to announce that all the conditions set forth in the GF subscription agreement have been fulfilled, and that the GF subscription matters have been completed on May 28, 2024. The company has allotted and issued a total of 8,743,836 new shares to GF Global.
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