TVB's margins to deteriorate further in second half of 2001

Though 80% of TVB's (0511) FY01 advertising slots locked in, company's margins can deteriorate further in 2H01, says ABN Amro's Steven Leung. ABN projects broadcasting revenue growth of only 3% for FY01, vs. 12% for FY00 , and notes risk of downward revision. Also, Leung say 1H results likely to show that HK operations performed well, while Taiwan operations performed

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