ZEEL

- The entertainment loser.

has been facing fundamental pressure due to inconsistent earnings driven by weak advertising revenue and rising content costs, which have compressed margins in a highly competitive broadcasting and OTT landscape. Investor confidence has also been shaken by corporate governance concerns and regulatory scrutiny in recent years, creating an overhang on valuations. Additionally, the collapse of its proposed merger and uncertainty around long-term strategic direction have raised questions about growth visibility and capital allocation discipline.