Television Broadcasts jumps most in 5 months on positive earnings outlook

Television Broadcasts

27/10/2023 03:34

** Shares of Television Broadcasts Ltd  0511.HK  jump as
much as 18% to HK$3.34, marking their biggest one-day pct gain
since June 2
    ** Stock hits highest level since Sept 18
    ** Hong Kong broadcaster says advertising income in its
terrestrial free-to-air channels showed positive momentum during
the quarter ended in September 
    ** Co expects to achieve positive EBITDA for the six months
end in December compared to the EBITDA loss of HK$186 mln
($23.79 mln) incurred in the six-month period ended in June 
    ** The Hang Seng Commerce & Industry Index  .HSNC  rises
1.7% and the Hang Seng Index  .HSI  adds 1.5%
    ** Stock down 15.4% YTD 

($1 = 7.8200 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))