Maybank882016 adex expected to improve Overall, 2015 total gross adex has been weak with the implementation of 6% GST, lower oil prices and weaker MYR hindering any potential adex growth YoY. That said, we expect 2016 total gross adex to exhibit positive adex growth YoY as we enter the new year from a low base. Adex sentiment is also expected to improve with major sporting events (Summer Olympics and UEFA Euro Cup) scheduled to take place in mid- 2016. Our 2016 total gross adex forecast of 5% YoY is based on 1.1x real GDP growth. We remain NEUTRAL on the sector with BUYs on Media Prima (MPR MK; TP: MYR1.53) and Media Chinese International (MCIL MK; TP: MYR0.73) on undemanding valuations of ~10x CY16 PER and ~1x CY16 P/BV. Dividend yields are also attractive at ~6%. http://klse.i3investor.com/blogs/kltrader/90181.jsp
Maybank88Old Chinese educated people may like to read Sin Chew, Nanyang Siau Pao so demand for newspaper always there.
CherrieYou're right! Sinchew is my dad's spiritual food. He needs it every morning. All my chinese neighbours are long term subscribers to either Sinchew/ Nanyang and read it everyday.
I_like_dividendMaybank 2016 stocks pick. Possible special dividend from One Media Group disposal?
CherrieI believe the sale proceeds will be partially used to redeem its bond which will mature in 2017. The remaining will be used to its venture in new business, eg. Property if there is any opportunity.