BEC World Faces Earnings Hit From Faster-Than-Expected Fall in TV Ad Revenue -- Market Talk

0458 GMT - BEC World faces an earnings hit from a faster-than-expected fall in TV advertising revenue, ttb wealth securities' Rata Limsuthiwanpoom says in a research report. Thailand's advertising market is shifting quickly to digital from TV, the analyst says. Hence, the media conglomerate's TV advertising revenue dropped 20% from a year earlier in 1H. BEC World's non-TV advertising revenue also doesn't appear strong enough to offset the decline in TV advertising revenue. The brokerage expects the Thai company's earnings to fall 37% in 2026, 11% in 2027 and 18% in 2028. It downgrades the stock's rating to sell from buy and lowers the target price to 1.60 baht from 2.50 baht. Shares are 1.1% lower at 1.83 baht. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 22, 2026 00:58 ET (04:58 GMT)