TVB (00511.HK) opened 0.3% lower today (28th) and slightly turned positive in the morning market. The company announced at noon that it expects to achieve a significant positive EBITDA this year. The stock price surged in the afternoon, reaching a peak of 7.5% increase, facing resistance at HKD 3.43, and the latest price is HKD 3.34, up 4.7%, with a trading volume of 3.356 million HKD.
The company stated that as of the end of September, the market share of flagship channels Jade Channel, 24-hour TVB News Channel, and other channels combined reached 77%, compared to 79% in the previous quarter and the same period last year. The overall revenue from advertising clients in the third quarter increased by over 8% compared to the same period last year. The group expects to achieve a significant positive EBITDA for the full year and reiterates the expectation of achieving a positive net profit for the six-month period ending on December 31, excluding special one-off items.
