SKT, SWM: Two ASX media stocks with over 34% gains in past 6 months - Kalkine Media

March 28, 2022 11:23 AM AEDT | By Ashish
Follow us on Google News:


  • The 2022 Oscars’ presentation ceremony is currently undergoing.

  • As a result, ASX-listed media & entertainment could be in focus today.

  • There are a few stocks in the category which have kicked off 2022 on a decent note.

Media & entertainment stocks could be in spotlight on Monday as the 94th Academy Awards, popularly known as the Oscars, get underway in Los Angeles. There are a few ASX-listed stocks in the category which have started 2022 on a decent note even as geopolitical tensions around the Russia-Ukraine conflict has dented investors’ confidence. On this note, let’s discuss two ASX-listed media & entertainment stocks which have given over 34% returns in the past six months:

Sky Network Television Ltd (ASX:SKT)

Sky Network Television is a provider of multi-channel, pay television and free-to-air television services in New Zealand.

In the past six months, the stock has given a return of nearly 35%. The share price is up nearly 2% year-to-date (YTD), while in the past twelve months, the stock has surged nearly 62%.

On 18 March 2022, Sky Network finalised the sale of its Mt Wellington campus to Goodman Property Trust for AU$56 million. The company reported a 4.1% rise in revenue in the first half of FY22 on the previous corresponding period (pcp) to AU$371.7 million.

Sky predicts sales of AU$725 to AU$745 million and earnings before interest, depreciation and ammortisation (EBITDA) in the range of AU$150 to AU$160 million in FY22. 

<iframe width="853" height="480" src="" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

Seven West Media Ltd (ASX:SWM)

Seven West Media is an integrated media company known for free to air television broadcasting, newspaper publication, broadcasting, and a subscription video on demand service.

In the past six months, the stock has given a return of over 72%. The share price is up over 9% year-to-date (YTD). The stock has surged nearly 44% in the past twelve months.

For the half-year ending 25 December (1HFY22), the Group revenue rose by 27.2% to AU$819.5 million on the pcp.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to AU$215.3 million from AU$164.9 million in 1HFY21.

Underlying net profit after taxes (NPAT) stood at AU$128.7 million, up from AU$87.1 million year-on-year.

RELATED ARTICLE: Is Australia set to emerge as the world’s leading critical minerals supplier?

RELATED ARTICLE: PYG, IHR: Two ASX HR tech stocks that rode out COVID-19 storm in style

RELATED ARTICLE: Are radiation risks exaggerated? How safe are nuclear power plants?


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK