Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Want Want China Holdings Limited
  6. News
  7. Summary
    151   KYG9431R1039

WANT WANT CHINA HOLDINGS LIMITED

(151)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 06/24
5.45 HKD   -4.22%
06/22WANT WANT CHINA  : Posts Higher Profit, Revenue in Fiscal 2021
MT
06/22Want Want China Fiscal Year Net Profit Rose 14%
DJ
04/22WANT WANT CHINA  : Date of Board Meeting
PU
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Taiwan TV station in media freedom row gets internet boost

12/10/2020 | 12:30am EDT

TAIPEI, Dec 10 (Reuters) - A Taiwan television station at the centre of a dispute over media freedom that could be forced off the air this week has received a boost to its online presence, a senior executive said on Thursday, as it prepares to shift its focus to the internet.

Taiwan's National Communications Commission said last month it would not renew CTi's broadcasting license, citing evidence of interference from a tycoon with major business interests in China, amid fears of Beijing's efforts to win support on the Chinese-claimed, democratic island.

CTi's major shareholder, Tsai Eng-meng, runs one of China's largest food firms, Want Want China Holdings Ltd.

The company and Taiwan's main opposition Kuomintang party have denounced the regulator's decision not to renew the license as censorship aimed at silencing voices critical of President Tsai Ing-wen.

Tsai and her government have rejected that, saying the decision was made by an independent body and not subject to interference.

Sky Liang, the vice president of CTi's news department, told Reuters it would keep broadcasting, but online, and that its YouTube channel had gained some 440,000 new subscribers in the last few weeks, taking its tally to 1.7 million.

"We've been forced to become new media. Doubtless this is a big challenge, but everyone has prepared themselves psychologically," Liang said, adding they were looking at Instagram and Facebook as other areas for development.

The channel is due to go off air at midnight on Friday, though it has lodged a legal appeal to stop this.

Formerly a dictatorship, Taiwan is an exuberant democracy but it has a deeply partisan media, and many Taiwanese view CTi, which began operations in 1994, as being pro-China or "red media", a reference to China's ruling Communist Party.

Liang said that was an unfair, "malicious" accusation, and that they took neither instructions nor money from Beijing.

"I've been at CTi for a long time, and as a senior executive in the news department. I've never come under any pressure from China or (its) Taiwan Affairs Office on what news to report or not report." (Reporting by Ben Blanchard Editing by Robert Birsel)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK INC 0.76% 343.18 Delayed Quote.25.63%
MSCI TAIWAN (STRD) -0.03% 697.116 Real-time Quote.14.01%
WANT WANT CHINA HOLDINGS LIMITED -4.22% 5.45 End-of-day quote.-2.85%
All news about WANT WANT CHINA HOLDINGS LIMITED
06/22WANT WANT CHINA  : Posts Higher Profit, Revenue in Fiscal 2021
MT
06/22Want Want China Fiscal Year Net Profit Rose 14%
DJ
04/22WANT WANT CHINA  : Date of Board Meeting
PU
2020Taiwan TV station in media freedom row gets internet boost
RE
2020WANT WANT CHINA HOLDINGS LIMITED : Ex-dividend day for interim dividend
FA
2020Hong Kong stocks end higher, Sino-U.S. tensions cap gains
RE
2020WANT WANT CHINA  : Shares Jump 5% as Fiscal H1 Profit Rises 21%
MT
2020WANT WANT CHINA  : Six-Month Net Profit Grew on Higher Revenue
DJ
2020Taiwan to shut down China-friendly tycoon's news channel
RE
2020Hong Kong stocks end at four-month high after Biden win
RE
More news
Financials (USD)
Sales 2021 3 391 M - -
Net income 2021 644 M - -
Net cash 2021 1 375 M - -
P/E ratio 2021 13,6x
Yield 2021 6,33%
Capitalization 8 442 M 8 442 M -
EV / Sales 2021 2,08x
EV / Sales 2022 1,96x
Nbr of Employees 41 193
Free-Float 36,8%
Chart WANT WANT CHINA HOLDINGS LIMITED
Duration : Period :
Want Want China Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WANT WANT CHINA HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 0,70 $
Average target price 0,83 $
Spread / Average Target 18,9%
EPS Revisions
Managers and Directors
Eng-Meng Tsai Chairman & Chief Executive Officer
Chi Wen Chu Chief Financial Officer & Executive Director
Chen Shih Lin Chief Technology Officer
Hung-Hsing Ting Managing Director-Information Technology Center
Chun-Chiang Chen Managing Director-Research & Development Center
Sector and Competitors