According to CTK, TV Nova’s (100% owned by CME) ratings decreased in week 7 to 34.87% from 40.47% a week earlier, while the ratings of its closest rival, TV Prima, dropped to 16.37% from 19.05%. The deterioration in TV Nova's rating was expected as CT has the rights for broadcasting Olympics games. This is only a temporary change in ratings and will fade out shortly. We see the news as neutral and reiterate our Buy recommendation for CME.