♦ Sep’s adex for print and TV media grew 3.4% yoy. According to Nielsen Media Research (NMR), Sep’s gross ad spend for print and TV
media rose 3.4% yoy with print adex up 7.0% yoy, while adex for TV remained flat yoy. MoM, total print and TV gross adex fell by 14.5%. This
was not too surprising considering that Aug adex benefited from the Merdeka celebrations and Hari Raya festival.
Media Sector Update - 9M10 Print And TV Adex Up By 18.2% - 21/10/2010
Showing posts with label Media. Show all posts
Showing posts with label Media. Show all posts
Thursday, October 21, 2010
Thursday, September 23, 2010
Media Sector Update - Aug ’10 Print And TV Ad Spend Up 8.7% YoY - 23/09/2010
♦ Aug’s adex for print and TV media grew 8.7% yoy. According to
Nielsen Media Research (NMR), Aug’s gross ad spend for print and TV
media rose 8.7% yoy with both print and TV media reporting yoy growth
of 11.3% and 5.7% respectively.
Media Sector Update - Aug ’10 Print And TV Ad Spend Up 8.7% YoY - 23/09/2010
Nielsen Media Research (NMR), Aug’s gross ad spend for print and TV
media rose 8.7% yoy with both print and TV media reporting yoy growth
of 11.3% and 5.7% respectively.
Media Sector Update - Aug ’10 Print And TV Ad Spend Up 8.7% YoY - 23/09/2010
Monday, August 30, 2010
Media Sector Update : Jul ’10 Adex Grew 19.3% YoY - 30/08/2010
♦ Jul’s adex for TV and print media grew 19.3% yoy. According to Nielsen Media Research (NMR), Jul’s gross ad spend for print and TV media rose 19.3% yoy with both TV and print media reporting yoy growth of 20.7% and 18.2% respectively.
Media Sector Update : Jul ’10 Adex Grew 19.3% YoY - 30/08/2010
Media Sector Update : Jul ’10 Adex Grew 19.3% YoY - 30/08/2010
Wednesday, August 25, 2010
Media Sector Update : Jul ’10 Adex Grew 19.3% YoY - 25/08/2010
Jul’s adex for TV and print media grew 19.3% yoy. According to Nielsen Media Research (NMR), Jul’s gross ad spend for print and TV media rose 19.3% yoy with both TV and print media reporting yoy growth of 20.7% and 18.2% respectively.
Media Sector Update : Jul ’10 Adex Grew 19.3% YoY - 25/08/2010
Media Sector Update : Jul ’10 Adex Grew 19.3% YoY - 25/08/2010
Corporate Highlights - 25/08/2010
Paramounth Corp
Initiate Coverage : More Than Just A Pure Developer
Media
Sector Update : Jul ’10 Adex Grew 19.3% YoY
Corporate Highlights - 25/08/2010
Initiate Coverage : More Than Just A Pure Developer
Media
Sector Update : Jul ’10 Adex Grew 19.3% YoY
Corporate Highlights - 25/08/2010
Thursday, July 22, 2010
Media Sector Update : 1H10 Ad Spending Up 23.2% YoY - 22/07/2010
Jun’s adex for TV and print media grew 25.5% yoy. According to Nielsen Media Research (NMR), Jun’s gross ad spend for print and TV media rose 25.5% yoy with both TV and print media reporting yoy growth of 31.4% and 20.7% respectively.
Media Sector Update : 1H10 Ad Spending Up 23.2% YoY - 22/07/2010
Media Sector Update : 1H10 Ad Spending Up 23.2% YoY - 22/07/2010
Corporate Highlights - 22/07/2010
♦ Media
Sector Update : 1H10 Ad Spending Up 23.2% YoY - Neutral
♦ Market Technical Reading
Daily Trading Strategy : Selling On The Recent Highflyers May Dampen Sentiment…
Corporate Highlights - 22/07/2010
Sector Update : 1H10 Ad Spending Up 23.2% YoY - Neutral
♦ Market Technical Reading
Daily Trading Strategy : Selling On The Recent Highflyers May Dampen Sentiment…
Corporate Highlights - 22/07/2010
RHB Equity 360° - 22 July 2010 (Media; Technical: Pos)
Top Story : Media – 1H10 ad spending up 23.2% yoy Neutral
Sector Update
- According to Nielsen Media Research, Jun’s gross adex for print and TV media rose 25.5% yoy and grew 6.4% mom, led by TV (+31.4% yoy; +11.9% mom) while print reported commendable growth of 20.7% yoy (+1.9% mom). For 1H10, ad spend grew 23.3% yoy as adex for both TV and print media grew 29.4% and 18.6% respectively. Once again, we believe this strong yoy growth was mainly due to the low base effect as a result of the weak economic conditions a year ago, coupled with improving conditions and sporting events such as FIFA World Cup and Thomas/Uber Cup.
RHB Equity 360° - 22 July 2010 (Media; Technical: Pos)
Sector Update
- According to Nielsen Media Research, Jun’s gross adex for print and TV media rose 25.5% yoy and grew 6.4% mom, led by TV (+31.4% yoy; +11.9% mom) while print reported commendable growth of 20.7% yoy (+1.9% mom). For 1H10, ad spend grew 23.3% yoy as adex for both TV and print media grew 29.4% and 18.6% respectively. Once again, we believe this strong yoy growth was mainly due to the low base effect as a result of the weak economic conditions a year ago, coupled with improving conditions and sporting events such as FIFA World Cup and Thomas/Uber Cup.
RHB Equity 360° - 22 July 2010 (Media; Technical: Pos)
Thursday, June 24, 2010
Corporate Highlights - 24/6/2010
♦ Media
Sector Update : YoY Adex Growth Momentum Continues
♦ Freight Management
News Update : Disposes of Leasehold Land in Klang
Corporate Highlights - 24/6/2010
Sector Update : YoY Adex Growth Momentum Continues
♦ Freight Management
News Update : Disposes of Leasehold Land in Klang
Corporate Highlights - 24/6/2010
Media - YoY Adex Growth Momentum Continues - 24/6/2010
May’s adex for TV and print media rose 21.1% yoy. According to Nielsen Media Research (NMR), May’s gross ad spend for print and TV media rose 21.1% yoy with both TV and print media reporting yoy growth of 22.5% and 19.9% respectively.
Media - YoY Adex Growth Momentum Continues - 24/6/2010
Media - YoY Adex Growth Momentum Continues - 24/6/2010
RHB Equity 360° - 24 June 2010 (Media, Freight Mgt, Jaya Tiasa; Technical: MPHB)
Sector Update
Media Prima : Fair value revised to RM2.80, from RM 2.55 Outperform
MCIL : Fair value raised to RM1.16 from RM1.14 Outperform
Star : Fair value raised to RM3.86 from RM3.60 Market Perform
- According to Nielsen Media Research, May’s gross adex for print and TV media rose 21.1% yoy and grew 10.7% mom, led by TV (+22.5% yoy; +20.3% mom) while print reported commendable growth of 19.9% yoy (+3.8% mom). Once again, we believe this strong yoy growth was mainly due to the low base effect coupled with improving economic conditions. YTD (Jan-May), adex growth stood at 29.9% yoy.
RHB Equity 360° - 24 June 2010 (Media, Freight Mgt, Jaya Tiasa; Technical: MPHB)
Media Prima : Fair value revised to RM2.80, from RM 2.55 Outperform
MCIL : Fair value raised to RM1.16 from RM1.14 Outperform
Star : Fair value raised to RM3.86 from RM3.60 Market Perform
- According to Nielsen Media Research, May’s gross adex for print and TV media rose 21.1% yoy and grew 10.7% mom, led by TV (+22.5% yoy; +20.3% mom) while print reported commendable growth of 19.9% yoy (+3.8% mom). Once again, we believe this strong yoy growth was mainly due to the low base effect coupled with improving economic conditions. YTD (Jan-May), adex growth stood at 29.9% yoy.
RHB Equity 360° - 24 June 2010 (Media, Freight Mgt, Jaya Tiasa; Technical: MPHB)
Tuesday, May 25, 2010
Corporate Highlights...-25/05/2010
♦ Media
Sector update : Apr Adex For Print and TV Media Grew 20.8% YoY
♦ WCT
Briefing Note : No Further Provision For Bakun
♦ Hong Leong Bank
Results Note : Stronger Net Profit, But Mainly Due To Low Tax Rate
♦ Star Publications
Results Note : No Surprises
♦ Parkson Holdings
Results Note : On Track To Meet Full Year Forecast
♦ QL Resources
Results Note : Still A Solid Food Package
Corporate Highlights...-25/05/2010
Sector update : Apr Adex For Print and TV Media Grew 20.8% YoY
♦ WCT
Briefing Note : No Further Provision For Bakun
♦ Hong Leong Bank
Results Note : Stronger Net Profit, But Mainly Due To Low Tax Rate
♦ Star Publications
Results Note : No Surprises
♦ Parkson Holdings
Results Note : On Track To Meet Full Year Forecast
♦ QL Resources
Results Note : Still A Solid Food Package
Corporate Highlights...-25/05/2010
RHB Equity 360° (Media, WCT, Parkson, MBM, QL, HL Bank, Star; Technical: Public Bank) - 25/05/2010
Top Story :
Media – Apr adex for print and tv media grew 20.8% yoy Neutral
Sector Update
Media Prima : Fair value at RM2.55 Outperform
MCIL : Fair value at RM1.09 Outperform
Star : Fair value at RM3.60 Market Perform
Astro : Privatisation set to go through Ceased Coverage
♦ According to Nielsen Media Research, Apr’s gross adex for print and TV media rose 20.8% yoy but was down slightly by 3.8% mom, led by print (+22.2% yoy; -4.7% mom) while TV reported commendable growth of 18.9% yoy (-2.5% mom). We believe this strong yoy growth was mainly due to the low base effect coupled with improving economic conditions. YTD (Jan-Apr), adex growth stood at 31.3% yoy.
♦ Apr’s yoy adex growth for the print media was once again led by the Chinese dailies (+28.6% yoy). The English dailies saw gross adex growth of 24.4% yoy, thanks largely to Star, while for the Malay segment, gross adex grew by 13.9% yoy mainly due Harian Metro and Berita Harian offset by the consecutively weaker adex for Utusan.
♦ Apr was another good month for TV, where gross adex grew by 18.9% yoy. All the FTA TV channels posted stronger yoy growth except for TV1, where adex growth dropped by 19.6% yoy.
♦ We expect adex in 2010 would continue to gain momentum as the global economy recovers. Adex growth would also be supported by “ad-friendly” events such as the 2010 FIFA World Cup, Thomas/Uber Cup and the Commonwealth Games.
♦ Media Prima (FV=RM2.55) remains our preferred pick as we believe adex (especially TV) will be a prime beneficiary of a recovering economy. We maintain our Outperform call on Media Chinese (FV=RM1.09) and Market Perform call on Star (FV=RM3.60). We are ceasing coverage on Astro given that Astro Holdings has received an acceptance level of more than 90% in its general offer to privatise Astro.
♦ Maintain Neutral stance on the sector.
RHB Equity 360°(Media, WCT, Parkson, MBM, QL, HL Bank, Star; Technical: Public Bank) - 25/05/2010
Media – Apr adex for print and tv media grew 20.8% yoy Neutral
Sector Update
Media Prima : Fair value at RM2.55 Outperform
MCIL : Fair value at RM1.09 Outperform
Star : Fair value at RM3.60 Market Perform
Astro : Privatisation set to go through Ceased Coverage
♦ According to Nielsen Media Research, Apr’s gross adex for print and TV media rose 20.8% yoy but was down slightly by 3.8% mom, led by print (+22.2% yoy; -4.7% mom) while TV reported commendable growth of 18.9% yoy (-2.5% mom). We believe this strong yoy growth was mainly due to the low base effect coupled with improving economic conditions. YTD (Jan-Apr), adex growth stood at 31.3% yoy.
♦ Apr’s yoy adex growth for the print media was once again led by the Chinese dailies (+28.6% yoy). The English dailies saw gross adex growth of 24.4% yoy, thanks largely to Star, while for the Malay segment, gross adex grew by 13.9% yoy mainly due Harian Metro and Berita Harian offset by the consecutively weaker adex for Utusan.
♦ Apr was another good month for TV, where gross adex grew by 18.9% yoy. All the FTA TV channels posted stronger yoy growth except for TV1, where adex growth dropped by 19.6% yoy.
♦ We expect adex in 2010 would continue to gain momentum as the global economy recovers. Adex growth would also be supported by “ad-friendly” events such as the 2010 FIFA World Cup, Thomas/Uber Cup and the Commonwealth Games.
♦ Media Prima (FV=RM2.55) remains our preferred pick as we believe adex (especially TV) will be a prime beneficiary of a recovering economy. We maintain our Outperform call on Media Chinese (FV=RM1.09) and Market Perform call on Star (FV=RM3.60). We are ceasing coverage on Astro given that Astro Holdings has received an acceptance level of more than 90% in its general offer to privatise Astro.
♦ Maintain Neutral stance on the sector.
RHB Equity 360°(Media, WCT, Parkson, MBM, QL, HL Bank, Star; Technical: Public Bank) - 25/05/2010
Media: Apr Adex For Print and TV Media Grew 20.8% YoY - 25/05/2010
Apr’s adex for print and TV media rose 20.8% yoy. According to Nielsen Media Research (NMR), Apr’s gross ad spend for print and TV media rose 20.8% yoy with both print and TV media reporting yoy growth 22.2% and 18.9% respectively.
Media: Apr Adex For Print and TV Media Grew 20.8% YoY - 25/05/2010
Media: Apr Adex For Print and TV Media Grew 20.8% YoY - 25/05/2010
Thursday, April 29, 2010
Corporate Highlights - 29/4/2010
Sime Darby
Visit Note : Short-Term Weakness In FFB Production,But Long-Term Sustainability Intact
Media
Sector Update : Another Strong Month For Print and TV Adex Neutral
Construction
Sector Update : Prasarana Pre-qualifies Contractors For LRT Line Extension Project
Corporate Highlights - 29/4/2010
Visit Note : Short-Term Weakness In FFB Production,But Long-Term Sustainability Intact
Media
Sector Update : Another Strong Month For Print and TV Adex Neutral
Construction
Sector Update : Prasarana Pre-qualifies Contractors For LRT Line Extension Project
Corporate Highlights - 29/4/2010
Media - Another Strong Month For Print and TV Adex
Mar’s adex for print and TV media rose 25.3% yoy. According to Nielsen Media Research (NMR), Mar’s gross ad spend for print and TV media rose 25.3% yoy with both print and TV media reporting yoy growth of 25.8% and 24.6% respectively.
Media - Another Strong Month For Print and TV Adex
Media - Another Strong Month For Print and TV Adex
RHB Equity 360° - 29 April 2010 (Sime Darby, Construction, Media, Allianz, Sunway, Ann Joo, Fajarbaru, YNH; Technical: WCT)
Top Story : Sime Darby – Short-term weakness in FFB production, but LT sustainability intact. Outperform.
Visit Note:
Six key takeaways from our recent visit:
1) Slower FFB production in Indonesia now;
2) Longer-term FFB growth sustainable;
3) CPO price view unchanged;
4) Production costs to decline, but not as significantly as seen in 1HFY10;
5) Property division picking up speed; and
6) Capex higher than expected.
RHB Equity 360° - 29 April 2010 (Sime Darby, Construction, Media, Allianz, Sunway, Ann Joo, Fajarbaru, YNH;...
Visit Note:
Six key takeaways from our recent visit:
1) Slower FFB production in Indonesia now;
2) Longer-term FFB growth sustainable;
3) CPO price view unchanged;
4) Production costs to decline, but not as significantly as seen in 1HFY10;
5) Property division picking up speed; and
6) Capex higher than expected.
RHB Equity 360° - 29 April 2010 (Sime Darby, Construction, Media, Allianz, Sunway, Ann Joo, Fajarbaru, YNH;...
Wednesday, March 24, 2010
Corporate Highlights...-24/03/2010
♦ Media
Sector Update : Feb ’10 Adex – Up 29.1% YoY
♦ Sunway City
Company Update : RM1.48bn Launches To Cash In On Property Upcycle
♦ Motor
Sector Update : Feb 10 TIV Up 8.7% Yoy, Pointing To Resilient Growth Ahead
♦ Glomac
Briefing / Results Note : Strong Sales Recorded
♦ Market Technical Reading
Daily Trading Strategy : Expect Some Profit-taking Activities Today...
Corporate Highlights...-24/03/2010
Sector Update : Feb ’10 Adex – Up 29.1% YoY
♦ Sunway City
Company Update : RM1.48bn Launches To Cash In On Property Upcycle
♦ Motor
Sector Update : Feb 10 TIV Up 8.7% Yoy, Pointing To Resilient Growth Ahead
♦ Glomac
Briefing / Results Note : Strong Sales Recorded
♦ Market Technical Reading
Daily Trading Strategy : Expect Some Profit-taking Activities Today...
Corporate Highlights...-24/03/2010
Media : Feb ’10 Adex – Up 29.1% YoY - 24/03/2010
Feb’s adex for TV and print media rose 29.1% yoy. According to Nielsen Media Research (NMR), Feb’s gross ad spend for TV and print media rose 29.1% yoy with both TV and print media reporting yoy growth of 55.3% and 11.7% respectively.
Media : Feb ’10 Adex – Up 29.1% YoY - 24/03/2010
Media : Feb ’10 Adex – Up 29.1% YoY - 24/03/2010
RHB Equity 360° (Media, Motor, Sunway City, Glomac; Technical: IRC)-24/03/2010
Top Story : Media – Feb’10 adex- up 29.1% yoy Neutral
Sector Update:
Media Prima – Fair value unchanged at RM2.23 Outperform
Media Chinese International – Fair value unchanged at RM0.92 Outperform
Star – Fair value unchanged at RM3.60 Market Perform
Astro – Fair value maintained at RM4.30 Underperform (down from TB)
- According to NMR, Feb’s gross adex for TV and print media rose 29.1% yoy with both TV and print media reporting yoy growth of 55.3% and 11.7% respectively. On the whole, we believe this strong yoy growth was mainly due to low base effect as a result of weak economic conditions a year ago.
- Overall, Feb’s print media yoy growth was led by the Chinese dailies, which grew 42.6% yoy with stronger numbers generally posted across the board. The English dailies also recorded better yoy figures (+5.4% yoy), which was led by the Star and Malay Mail, which grew (16.5% yoy and 16.0% yoy respectively). As for the Malay dailies, gross adex declines by 2.6% yoy, mainly due to weaker adex for Utusan(- 7.9%) and Berita Harian (-4.6% yoy).
- Feb’s TV adex was still going strong at 29.1% yoy growth, mainly a reflection of last year’s low base. The stronger TV adex growth was led by TV2 (+120.5%), of which, we believe was aided by their repositioning exercises last year.
- Media Prima (OP, FV=RM2.23) remains our preferred pick as we believe adex(especially TV) will be a prime beneficiary of a recovering economy. We maintain our Outperform call on Media Chinese and Market Perform call on the Star. We have, however, downgraded our call for Astro to Underperform (from trading buy reviously), given that its share price has run up closer to the conditional offer price of RM4.30/share.
- We maintain our Neutral stance on the sector.
RHB Equity 360°(Media, Motor, Sunway City, Glomac; Technical: IRC)-24/03/2010
Sector Update:
Media Prima – Fair value unchanged at RM2.23 Outperform
Media Chinese International – Fair value unchanged at RM0.92 Outperform
Star – Fair value unchanged at RM3.60 Market Perform
Astro – Fair value maintained at RM4.30 Underperform (down from TB)
- According to NMR, Feb’s gross adex for TV and print media rose 29.1% yoy with both TV and print media reporting yoy growth of 55.3% and 11.7% respectively. On the whole, we believe this strong yoy growth was mainly due to low base effect as a result of weak economic conditions a year ago.
- Overall, Feb’s print media yoy growth was led by the Chinese dailies, which grew 42.6% yoy with stronger numbers generally posted across the board. The English dailies also recorded better yoy figures (+5.4% yoy), which was led by the Star and Malay Mail, which grew (16.5% yoy and 16.0% yoy respectively). As for the Malay dailies, gross adex declines by 2.6% yoy, mainly due to weaker adex for Utusan(- 7.9%) and Berita Harian (-4.6% yoy).
- Feb’s TV adex was still going strong at 29.1% yoy growth, mainly a reflection of last year’s low base. The stronger TV adex growth was led by TV2 (+120.5%), of which, we believe was aided by their repositioning exercises last year.
- Media Prima (OP, FV=RM2.23) remains our preferred pick as we believe adex(especially TV) will be a prime beneficiary of a recovering economy. We maintain our Outperform call on Media Chinese and Market Perform call on the Star. We have, however, downgraded our call for Astro to Underperform (from trading buy reviously), given that its share price has run up closer to the conditional offer price of RM4.30/share.
- We maintain our Neutral stance on the sector.
RHB Equity 360°(Media, Motor, Sunway City, Glomac; Technical: IRC)-24/03/2010