Buy Next Media Ahead Of 1H Results
Next Media (0282.HK) flat at HK$2.95, but UOB KayHian suggests buying ahead of 1H08 results scheduled for Dec. 17;
tips results to be strong after peer Oriental Press (0018.HK) reported net profit skyrocketing to HK$163 million vs HK$4 million same period a year ago.
Also as lower marketing/promotional expenses as competition in newspaper industry has subsided. Trading at just 16X FY08 PER, Next Media looks undervalued considering its strong market position in HK, Taiwan.
Keeps on Buy call, no target price given. Volume light.
Next Media (0282.HK) flat at HK$2.95, but UOB KayHian suggests buying ahead of 1H08 results scheduled for Dec. 17;
tips results to be strong after peer Oriental Press (0018.HK) reported net profit skyrocketing to HK$163 million vs HK$4 million same period a year ago.
Also as lower marketing/promotional expenses as competition in newspaper industry has subsided. Trading at just 16X FY08 PER, Next Media looks undervalued considering its strong market position in HK, Taiwan.
Keeps on Buy call, no target price given. Volume light.
