0603 GMT - Thailand media sector's earnings momentum looks "unexciting" to UOB Kay Hian analysts as they downgrade the sector to market weight from overweight. Slower growth of television advertising expenditure continues to pressure earnings of television players such as BEC World and One Enterprise, they say in a research report. TV advertising continues to face challenges from growth in Internet advertising, over-the-top and out-of-home media where many agencies are now shifting their budgets, the analysts add. Plan B Media and Major Cineplex Group are the brokerage's top sector picks with buy ratings and target prices of THB9.00 and THB19.00, respectively. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
December 13, 2024 01:03 ET (06:03 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。