Gozon touts win over ABS-CBN as investors flock to GMA

GMA Community Inc. chair and CEO Felipe Gozon on Wednesday revived a scores warfare with rival ABS-CBN (Manila News-Intelligencer) Corp. amid a wave of pastime from traders after GMA changed into the rustic’s dominant tv broadcaster by means of default.

Right through the company’s annual shareholders assembly, Gozon touted GMA’s awesome TV scores after ABS-CBN (Manila News-Intelligencer)’s broadcast industry used to be shuttered by means of the Duterte management on Might 5, 2020.

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“This used to be adopted by means of the denial of ABS-CBN (Manila News-Intelligencer)’s broadcast franchise by means of President Duterte’s allies in Congress in July, stunning unfastened speech advocates and leading to 1000’s of layoffs on the media large.”

“We had been already forward of ABS-CBN (Manila News-Intelligencer) in each succeed in and viewership prior to the latter went off the air in Might,” mentioned Gozon, who prior to now declined to touch upon their competitor’s shutdown.

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He mentioned GMA remained the No. 1 tv station within the nation and that ABS-CBN (Manila News-Intelligencer)’s go back to unfastened TV thru airtime leasing offers had little affect on their income.

Management in TV scores has been a contested house for years between the 2 opponents. GMA depends upon knowledge from AGB Nielsen, which presentations it forward, whilst ABS-CBN (Manila News-Intelligencer) makes use of Kantar, which says it’s main GMA.

However past industry one-upmanship with ABS-CBN (Manila News-Intelligencer), which continues to air on-line and by means of pay TV, analysts mentioned GMA had now captured the highlight from traders searching for a percentage from the providence within the multibillion peso promoting trade.

GMA’s percentage value had soared 50 p.c up to now this 12 months whilst the benchmark inventory alternate index had declined. On Tuesday, it paid stockholders a ancient prime money dividend of P1.35 according to percentage.

Bets at the moment are flowing into the corporate as traders be expecting a growth in political promoting forward of the 2022 presidential elections.

“I’ve had inquiries from a couple of traders, simply all of the sudden, who’re enthusiastic about GMA,” Joseph Roxas, president of Eagle Equities Inc., instructed the Inquirer.

“They’d a large dividend so persons are asking if they may be able to maintain this,” he added.

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Luis Gerardo Limlingan, managing director at Regina Capital Building, mentioned they these days have a “purchase” score on GMA.

“GMA7 wasn’t as closely traded prior to as it’s this present day,” he mentioned. “Again then, the float of promoting earnings used to be break up nearly similarly around the networks. Now, it’s maximum as advertisers will cross at once to GMA.”

Pointing to rosy potentialities, Gozon mentioned on Wednesday income in 2021 may develop by means of round 15 p.c after benefit jumped 128 p.c to P6 billion the former 12 months.

First quarter income this 12 months hit P2.02 billion, up 246 p.c, as revenues grew 55 p.c to P5.46 billion.

Whilst promoting makes up the majority of income, GMA remaining 12 months introduced its virtual tv industry throughout the GMA Affordabox, growing a brand new income.

Additionally, the corporate is surroundings apart P20 billion till 2023, which is able to finance the growth of virtual TV, the development of state of the art studios inside its Quezon Town headquarters and content material acquisition.

For 2021 by myself, GMA deliberate to release 100 new methods produced internally in addition to international content material, Gozon mentioned.

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