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What is MCIL Investment Briefing Highlights about?

♦ MCIL held an anaylst briefing last Thursday. We set out below the key highlights from the briefing. ♦ Expect stronger quarters ahead on stronger adex … Recall MCIL’s FY10 EBIT margin expanded by 5.6%-pts yoy. This was mainly due to the publishing and printing business resulting from: 1) recovery in ad revenue; 2) effective cost-control measures; and 3) lower newsprint costs. In terms of adex, management expects stronger ad revenue ahead with bookings visibility having improved to around two months as op

Author

Rhb Invest

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EN