KLSE: MEDIAC (5090)       MEDIA CHINESE INTERNATIONAL LT Main : Trading&Services
Last Price Today's Change   Day's Range   Trading Volume
0.525   0.00 (0.00%)  0.515 - 0.54  2,716,100
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Market Cap: 886 Million
NOSH: 1,687 Million
Avg Volume (4 weeks):1,021,535
4 Weeks Range:0.495 - 0.54
4 Weeks Price Volatility (%):
52 Weeks Range:0.495 - 0.775
52 Weeks Price Volatility (%):
Average Price Target: 0.60
Price Target Upside/Downside: +0.075

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2017[#4]  |  29-May-2017
Next QR | Est. Ann. Date: 30-Jun-2017  |  23-Aug-2017
T4Q P/E | EY: 13.87  |  7.21%
T4Q DY | Payout %: 5.81%  |  80.60%
T4Q NAPS | P/NAPS: 0.5078  |  1.03
T4Q NP Margin | ROE: 4.30%  |  7.45%

Market Buzz

Date Type Subject
26-Jul-2017 Forum 1 New Comment


Date Subject
20-Jul-2017 Media - Fading Adex
08-Jun-2017 Media Chinese International - Earnings outlook & special DPS prospect in-tact
31-May-2017 Media Chinese - The Game Is Changing
30-May-2017 MCIL (SELL, maintain) - Challenges remain
30-May-2017 Media Chinese International - In Line
30-May-2017 Media Chinese Int?l (MEDIAC) - Dim Adex Outlook
06-Mar-2017 M+ Online Technical Focus - 6 Mar 2017
03-Mar-2017 Media Chinese International - A Step Closer to a Special Div?
28-Feb-2017 Media Chinese International - Hold Out for Potential Special Dividend
28-Feb-2017 Media Chinese - 9MFY17 Results – Within Expectations
28-Feb-2017 Media Chinese Int’l - Tough Times Remain
22-Jan-2017 置地通用发附加股购资产
19-Jan-2017 Media - Soft Tone Remains
16-Jan-2017 Media Chinese International - Weathering the Storm
02-Dec-2016 Media Chinese - 2QFY17 Analyst Briefing
01-Dec-2016 MEDIA CHINESE INTERNATIONAL - Resilient earnings
01-Dec-2016 MCIL - Lower earnings from print and travel divisions
01-Dec-2016 Media Chinese Int’l - Tough Times
01-Dec-2016 Media Chinese International - Earnings would have been in - line but for travel segment
01-Dec-2016 Mplus Market Pulse - 1 Dec 2016

Business Background

Media Chinese International Limited is an investment holding company. The principal activities of its subsidiaries are the publishing, printing and distribution of Chinese language newspapers, magazines and books. The Company operates in four segments: publishing and printing in Malaysia and other Southeast Asian countries; publishing and printing in Hong Kong and Mainland China; publishing and printing in North America, and travel and travel related services. It's flagship Website in Malaysia is Sinchew-i.com. In Hong Kong and Mainland China its Ming Pao Daily News provides coverage of social, political and economic issues. Mingpao.com provides users around the world with a source of Chinese online news content, covering a spectrum of subjects, including news, current affairs, finance, health, entertainment and lifestyle. As of March 31, 2011, it held 73.18% interest in One Media Group Limited. In September 2011, the Company disposed of Media Connect Investment Limited.
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  3 people like this.
Cherrie Media sector is now very steady in volatile market. It seems a signal of recovery started in 2016.
26/04/2016 18:49
Cherrie Or maybe the worst is over for Media sector
26/04/2016 18:49
Sebastian Sted Power cherrie, seem like your holding quite high. how much your average price? No sell yet??

I stll hold all the shares (mainly bought 0.62-0.65 range)
27/04/2016 09:07
Cherrie My average price is Rm0.60. I will hold till the media sector is fully recover. Meanwhile, will stay in volatile ans collecting dividend =
28/04/2016 07:45
ken law my avergae price rm0.60
28/05/2016 17:33
I_like_dividend Higher dividend than last year announced today ie 2.43 sen. Ex-date 20th June.
30/05/2016 23:16
I_like_dividend Suspended on Monday. One Media Group finally disposed? Special dividend coming?
22/07/2016 19:05
Double_K Tp 0.60?
15/11/2016 13:56
Jimmy Lim Media C Keow Keow
15/11/2016 22:52
rich_ Dividend soon? Buy today.
23/11/2016 16:40
GPAC http://klse.i3investor.com/entitlement/5090/30-Nov-2016/17028_2042695962.jsp
01/12/2016 10:20
I_like_dividend Declaring 3-4 sen dividend per annum should be no problem.
04/01/2017 02:43
SuperLaber Love the resilient share price and consistent earnings of this counter!!
14/01/2017 16:24
limch DY 6.37% from i3 data. Why nobody want?
10/03/2017 06:07
chinkeong88 Going to buy this counter as well media for long term investment. I noticed many fund manger bought this company at higher prices.. good time collect!!!
07/05/2017 23:10
tkm1978 Bought at 1.70+ few years back..now 0.60...speechless...
15/05/2017 21:46
Apollo Ang shhhhh.....many here says lose one cannot say. only shout out load win one so can dispose to others......hahaha
15/05/2017 21:47
DickyMe Below 50 sen coming....
20/05/2017 13:21
chinkeong88 Report not nice!!! But the price quite strong still..close at 0.575
30/05/2017 19:50
DickyMe Revenue drop and net profit in red. Limping horse.
13/06/2017 12:13
tkm1978 没有最低,只有更低。。。。speechless
13/06/2017 21:13
DickyMe "DickyMe Below 50 sen coming....
20/05/2017 13:21 "

Gradual slide may lead to sudden DROP !!
14/06/2017 21:30
whatthesucks Time to collect??
20/06/2017 11:11
whatthesucks Price like bottom ady and dividend return 6.++ to 7.++ % ^^
20/06/2017 11:15
DickyMe Everytime pay dividend, price keep dropping. What's the point of giving dividend when value depreciates. It has been gradual drop over the years. Directionless and visionless counter. KNN.
22/06/2017 14:38
unclejoe One Media stock price has been on the rise for the past few days, it closed at HK$1.57 today. Believe insiders are accumulating, the disposal of One Media to China state owned Qingdao and the special dividend are still intact.
22/06/2017 17:04
unclejoe Those who have access to Maybank report dated 9th June will know that Mediac's core profit has improved year on year (2017 vs 2016), plus positive prospects for financial year 2018 with national events in both Malaysia and HK. Even more reasons to hold.
22/06/2017 17:12
whatthesucks unclejoe tq thumbs
23/06/2017 09:33
unclejoe Just a sharing of facts. One can take a look at Mediac's cash flow, they can still generate > RM100M in financial year 2017 ended March. There is minimum capex, and their net cash position is about RM160M. The disposal of One Media will add another RM205M to their cash pile; this is not just improvement on the balance sheet; One Media is not generating profit but losses. this will improve the bottom line too.
23/06/2017 09:47
etta unclejoe, I have been a longtime shareholder of MEDIAC (from when it was Sin Chew) and recently accumulated more on weakness. I am inclined to accumulate more based on your comments. However, I found a part of it to be contradictory to this article on The Edge - http://www.klsescreener.com/v2/news/view/238871; so would like to seek your help to verify the information that you have quoted. Also, the planned disposal of One Media to Qingdao is pretty dated (more than a year ago). Has there been any new development related to it more recently? Thanks.
02/07/2017 09:13
unclejoe etta, Maybank report (June 8th) was comparing Q4'17 "core profit" among its peers in Media industry, its referring to the actual profit, not only on accounting. The Edge is using CIMB's report which is looking at accounting profit. I have appended herein the Maybank report for your reference.

Media Chinese International (MCIL MK)
Earnings outlook & special DPS
prospect in-tact
Maintain BUY with MYR0.72 TP
MCIL reported better earnings performance compared to its peers as a
result of ad resilience in the Chinese SME space. In FY3/18, improved
earnings could be led by ongoing group wide cost control measures and
increased ad revenue from upcoming national events in Malaysia and
Greater China. Notably, the possibility of a special DPS of up to
MYR0.15/shr is now more likely given that China capital control risk has
been alleviated. Our unchanged TP is based on 13x FY17 PER, mean.
Most resilient amongst industry peers
1QCY17 earnings across the Media industry were generally weaker. That
said, MCIL stood out, with +7% YoY core profit growth in comparison to
Star Media (STAR MK, HOLD; TP: MYR2.20) and Media Prima (MPR MK,
HOLD; TP: MYR1.10) which reported -57% YoY core net profit and a net
loss respectively. MCIL’s earnings resilience was owed to its presence in
Chinese SMEs and direct ads (e.g. congratulatory & obituary ads), while
its peers’ English newspaper titles were hit by softer agency ads.
Positive earnings outlook
MCIL expects its group performance to improve in FY3/18. Event-driven
increases in group ad revenue should materialize as Malaysia’s 14th
General Election approaches and Hong Kong celebrates its 20th handover
anniversary. Further, MCIL has also been prudent in keeping operating
costs low (newsprint cost slightly below USD500/tonne) with minimal
print segment capex planned in the near term. As for its North American
segment, MCIL plans to outsource certain service areas to reduce
operating costs (FY3/17 pre-tax losses: MYR4.7m).
Special DPS getting closer and closer?
We now believe that the disposal of MCIL’s 73%-owned One Media Group
(426 HK, Not Rated) to Qing Dao West Coast Holdings (QDWC) will be
completed by 3QCY17 due to the complexity of the disposal. That said,
we understand from channel checks that the funds are ready to be
disbursed pending the EGM. Recall, MCIL stands to receive HKD460.6m
(MYR264.6m) in net proceeds from the disposal in OMG, translating to
MYR0.15/shr which we opine may be distributed as a special DPS.
02/07/2017 11:27
unclejoe Maybank's analysts are the most in depth on MCIL so far, they are looking at 2nd or deeper level and their reports contain most recent developments.
02/07/2017 11:39
unclejoe On One Media disposal, MCIL just announced on last Friday (June 30th) that they further extends the Long Stop date from June 30th to Aug 31st'17. The Purchaser, Qing Dao needs to give waiver on the impairment losses of One Media for the disposal to proceed, then follow by One Media's EGM. Both MCIL and Qing Dao are determined and have shown the willingness to complete the disposal.
02/07/2017 11:42
unclejoe I understand from my contacts in HK that, the One Media disposal is by far one of the longest in HKSE history. But take heart, it's expected to complete in Q3'17.
02/07/2017 11:45
unclejoe Even without the special dividend from the gain of One Media disposal. MCIL is worth much more than RM0.515 . I have added more lots during the panic sell off recently.
02/07/2017 11:47
etta Much thanks for your detailed sharing unclejoe. Appreciate it.
02/07/2017 18:48
ACE9696 media-C kiao kiao!
12/07/2017 00:25
limch Analysis of Shareholdings
As at 20 June 2017
No. Name of shareholders
Number of
shares held
% of Issued
ordinary shares
1 Progresif Growth Sdn Bhd 326,463,556 19.35
2 HKSCC Nominees Limited 291,671,599 17.29
3 Ezywood Options Sdn Bhd 75,617,495 4.48
4 Citigroup Nominees (Tempatan) Sdn Bhd (Exempt An for AIA Bhd) 72,604,790 4.30
5 Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident Fund Board) 71,494,317 4.24
6 Tan Sri Datuk Sir TIONG Hiew King 67,109,058 3.98
7 Teck Sing Lik Enterprise Sdn Bhd 65,319,186 3.87
8 Zaman Pemimpin Sdn Bhd 62,300,000 3.69
9 Madigreen Sdn Bhd 52,875,120 3.13
10 Kinta Hijau Sdn Bhd 34,750,000 2.06
11 Cimsec Nominees (Tempatan) Sdn Bhd (CIMB Bank for Nustinas Sdn Bhd (MQ0516)) 32,242,064 1.91
12 Raya Abadi Sdn Bhd 25,124,065 1.49
13 Suria Kilat Sdn Bhd 23,429,297 1.39
14 Malaysia Nominees (Tempatan) Sendirian Berhad
(Great Eastern Life Assurance (Malaysia) Berhad (PAR 1))
23,402,491 1.39
15 HLB Nominees (Tempatan) Sdn Bhd (Pledged Securities Account
for Tan Sri Datuk Sir TIONG Hiew King)
20,000,000 1.19
16 Amanahraya Trustees Berhad (Public Ittikal Sequel Fund) 18,784,100 1.11
17 Globegate Alliance Sdn Bhd 16,750,000 0.99
18 Persada Jaya Sdn Bhd 15,565,060 0.92
19 Rimbunan Hijau (Sarawak) Sdn Bhd 15,536,696 0.92
20 UOB Kay Hian Nominees (Tempatan) Sdn Bhd (Pledged Securities Account
for Insan Anggun Sdn Bhd)
13,330,500 0.79
21 Hong Leong Assurance Berhad (As Beneficial Owner (Life Par)) 13,071,900 0.77
22 DB (Malaysia) Nominee (Tempatan) Sendirian Berhad
(Exempt An for Deutsche Bank AG Singapore (Maybank SG PWM))
11,144,189 0.66
23 Pertumbuhan Tiasa Sdn Bhd 10,230,945 0.61
24 Amanahraya Trustees Berhad (Public Islamic Select Treasures Fund) 10,219,000 0.61
25 Ms WONG Yiing Ngiik 10,126,000 0.60
26 Insan Anggun Sdn Bhd 9,999,442 0.59
27 Roseate Garland Sdn Bhd 7,881,117 0.47
28 Mr TIONG Chiong Ong 7,386,037 0.44
29 Malaysia Nominees (Tempatan) Sendirian Berhad
(Great Eastern Life Assurance (Malaysia) Berhad (LGF))
7,062,600 0.42
30 Rimbunan Hijau Southeast Asia Sdn Bhd 6,532,188 0.39
1,418,022,812 84.04
12/07/2017 17:25
limch Add more 49.5 sen today. EPF also own 4.24% MediaC.
12/07/2017 17:26
tkm1978 没有最低,只有更低。。。。。
12/07/2017 20:50
DickyMe Extract from AR 2016-2017
:-( The Group’s total turnover for the year was US$302,586,000, reflecting a year-on-year decline of 13.3% against last year’s US$349,126,000. On the back of lower revenue and the recognition of an impairment loss of US$3,603,000, profit before income tax of the Group was weakened by 44.4% to US$20,775,000, when compared to US$37,395,000 in the previous financial year.

:-| Nevertheless, we managed to grow the digital revenue by 37.7% year-onyear with some of our major digital categories showing extremely encouraging growth.

:-( Basic earnings per share for the year was US0.90 cents, representing a decrease of 43.0% or US0.68 cents from US1.58 cents a year earlier

:-( On 24 February 2017, the Company redeemed the first tranche mediumterm notes of US$50,630,000 (equivalent to RM225,000,000) issued three years ago and it was fully funded from the Group’s own cash resources. As a consequence, the Group’s cash and cash equivalents and short-term bank deposits as at 31 March 2017 amounted to US$90,032,000, representing a decrease of 36.1% from US$140,950,000 as at 31 March 2016.
As at 31 March 2017, the Group’s net assets stood at US$197,315,000, which was 9.8% lower than the previous year’s US$218,727,000, attributed mainly to exchange rate fluctuations. The Group’s net gearing ratio was nil as at 31 March 2017 and 2016.

:-/ Moving forward, we shall aggressively upgrade and monetise our digital venture, and at the same time, strive hard to bring the potentialities of our established conventional platform into full play, to create greater value for the shareholders. We strongly believe that the integration of print and digital media assets will enable the Group to develop further and provide a new momentum to expand our market share.

:-O In diversifying into other businesses, the Group had via its wholly-owned subsidiary, Sin Chew Media Corporation Berhad, together with other joint founders, launched the CO3 (COnnectivity, COllaboration and COmmunity) Social Office on 6 March 2017. This CO3 project aimed to provide a platform for the young startups, especially the white collar professionals and entrepreneurs, to work together in a trendy office space. ....The first CO3 social office will be launched in Kuala Lumpur’s Puchong district in mid-2017, with the next target location to be in Petaling Jaya.

** To help introduce STEM Education to teachers, students as well as the general public, Ming Pao Daily News, in collaboration with prestigious education institutions and prominent academics, published the first STEM Education Special Supplement which was well received by the schools. STEM is a curriculum aimed to strengthen students’ ability to integrate and apply knowledge and skills across different STEM disciplines, and to nurture their creativity, collaboration and problem solving skills.

Under the circumstances, we expect the operating environment to remain challenging for the coming year.
The advertising markets will continue to be underpinned by subdued business and consumer sentiments.


15/07/2017 20:32
limch Maintain BUY with MYR0.72 TP
MCIL reported better earnings performance compared to its peers as a result of ad resilience in the Chinese SME space. In FY3/18, improved earnings could be led by ongoing group wide cost control measures and increased ad revenue from upcoming national events in Malaysia and Greater China. Notably, the possibility of a special DPS of up to MYR0.15/shr is reaffirmed, as the funds are ready to be disbursed pending the EGM, we understand. Our unchanged TP is based on 13x FY17 PER, mean.
17/07/2017 05:33
unclejoe http://www.theedgemarkets.com/article/media-sectors-adex-facing-challenging-times
17/07/2017 09:58
unclejoe Media Chinese International Ltd, on the other hand, released full-year results that appeared relatively decent as compared to its peers despite its performance.

Separately, a potential “angpow” could also be on the cards for Media Chinese should the group manage to dispose of its 73%-owned Hong Kong-listed One Media Group Ltd (OMG)(which is primarily involved in the publishing of Chinese-language lifestyle magazines and provides digital and outdoor media services in the Greater China region) in 2H17.

Media Chinese expects to record a net disposal gain of about HKD358.6 million (about RM200 million or RM0.12/share) with minimal financial impact on its recurring income due to OMG’s loss-making status.

We reiterated our OP call on Media Chinese (TP: 65 sen, in view of the potential special dividend)

By Kenanga July 07.
17/07/2017 10:05
unclejoe OP = Out Perform
17/07/2017 10:05
unclejoe https://www.bloomberg.com/quote/426:HK
17/07/2017 10:51
unclejoe One Media (OMG) stock price can be an indicator to show the disposal status, suggest to check using the bloomberg link given above
17/07/2017 10:53
unclejoe OMG stock price remain stable at HK1.42 . Should the disposal is call-off, the stock price shall retreat back to below HK$1.00. It started to rally from HK$0.50 when the news of acquisition was out.
17/07/2017 11:52
unclejoe https://finance.yahoo.com/news/jeff-bezos-advice-news-business-203811173.html
23/07/2017 22:06
kelvin62 Pick up 51.5-52 sen. Heard got special dividend coming.
26/07/2017 16:16


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