Posted by DividendGuy67 > 2023-09-26 00:26 | Report Abuse

Goodness, what a terrible result. YoY, revenue dropped 6%, but Gross Profit dropped 20% because Cost of Sales has gone up - they are so desperate to protect revenue, that Management throws good monies after bad ...

Typical of desperate Management who doesn't know what to do, except spend more monies to protect their own high paying jobs.

The right thing to do is to cut Board director fees by 20% and slash Senior Management salaries by 20% and hunker down ... basically try to pay off that massive loan quicker.

But of course, Board of Directors and senior management will never do that ...

Better to let shareholder lose, than they lose their earnings.

Posted by DividendGuy67 > 2023-09-26 00:29 | Report Abuse

Oh, and look how much "Administrative Expenses" have gone up this year vs last year, even though revenues have come down. By right, both Cost of Sales and Administrative Expense should come down when revenues come down. Probably the accountants trying to soften the message by allocating some to cost of sales and some to administrative expense, basically trying to hide the higher expenses.

Either way, it's a terrible picture. Lower revenues accompanied by higher expenses.

How can any responsible Board of Directors and Senior Management justify this kind of spending?

Posted by DividendGuy67 > 2023-09-26 00:31 | Report Abuse

In short, revenues drop 6% but PAT drop 79%!!!
Poor shareholders.

Posted by DividendGuy67 > 2023-09-26 00:39 | Report Abuse

I think in next few months/years, ASTRO still have a lot of room to fall further - NTA is only 21 sen. Another 60% fall is possible in next 1-3 years.

Posted by DividendGuy67 > 2023-09-26 00:39 | Report Abuse

Let's see which IB will recommend a Buy ... hahaha ...

Posted by speakup > 2023-09-26 07:46 | Report Abuse

already say 1000x, Astro is slowly dying
you buy, you die!

Posted by rohank71 > 2023-09-26 08:38 | Report Abuse

Run for cover. Don't know when Maxis or AK will take Astro private. Hope sooner with NO dividend policy, like when Maxis was privatised and delisted in early 2000.

Posted by Investsmart60 > 2023-09-26 09:02 | Report Abuse

No reasons at all why maxis should buy astro. To do it has no commercial justifications and bring maxis value down. Shareholders may start litigation process.

Posted by jack2 > 2023-09-26 09:21 | Report Abuse

insiders have been selling last 1-2 months
signs of bad indication la

Posted by Sakuragi11 > 2023-09-26 09:51 | Report Abuse

adi oversold.....should be technical rebound soon

Posted by hcthey > 2023-09-26 10:44 | Report Abuse

before closing, the counter will rebound to 50 cts or 50.5 cts.

Posted by ampabella > 2023-09-26 11:10 | Report Abuse

mb can rebound to 0.60 cts , huat ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
wah kak kak kak kak

Posted by q1029384756 > 2023-09-26 11:38 | Report Abuse

=HOT STOCKS: Astro Malaysia Plunges To New Record-Low, Lower Dividend Fear Weighs - NewsRise

KUALA LUMPUR (Sep 26) -- Astro Malaysia plunged nearly 9% to new all-time low on Tuesday as investors dumped the pay-television operator fearing tougher days ahead following latest earnings announcement and a revised dividend policy that sparked analysts' warning of potential lower future payouts.

Several analysts cut their target prices after slashing earnings forecasts on lower-than-expected profit in the quarter ended Jul. 31. At least one analyst downgraded the stock’s rating. TA Securities’ Wilson Loo lowered his recommendation to Sell from Buy, citing Astro’s unfavorable risk-reward potential.

“While Astro continues with its transformation plans in an attempt to reverse and stabilize the long-standing decline in its pay-TV subscription revenue, efforts are proving to be a long haul,” Loo said. In the nearer term, macroeconomic headwinds will drag on its key pay-TV subscription and advertising revenue, he cautioned.

Shares of Astro fell to as low as 0.465 ringgit on Bursa Malaysia. The stock was trading at 0.475 ringgit at 10.45 am local time after 16.9 million shares changed hands. The country’s benchmark FTSE Bursa Malaysia KLCI meanwhile was 0.1% higher.

The company did not declare interim dividend as widely expected on Monday and scrapped its policy to pay out at least 75% of net profit. It only committed to distribute an undetermined amount of dividend annually instead of quarterly basis.

“As Astro has been viewed as more of a dividend than growth stock, we believe that the [dividend] uncertainty will be viewed poorly,” said Maybank Investment Bank’s Yin Shao Yang, who has Sell call on Astro. While he kept dividend expectation steady for the year ending Jan. 31, 2024, he noted “we fear that they may not materialize.”

Astro reported that its net profit plummeted 76% to 23.65 million ringgit ($5.05 million) from a year earlier, following higher content costs as well as rising finance costs due to unrealized foreign exchange loss. Revenue fell 5.6% year-on-year to 869.82 million ringgit amid decline in subscription, advertising and merchandise sales.

“All in, we remain concerned over a challenging environment driven by a structural shift in pay-TV landscape, shrinking consumer disposable income and a muted adex outlook,” Affin Hwang Investment Bank’s Nadia Aquidah and Lim Jia Zhen wrote in a joint note to clients.

KUALA LUMPUR (Sep 26) --

Posted by Mc_Wei > 2023-09-26 14:10 | Report Abuse

https://hype.my/2023/349516/jack-lim-six-figures-monthly-myfm-radio-gig/

MYFM DJ salary also can reach 6 figures per month. What about their managers? No wonder Astro reported little profit.

Posted by SHOB > 2023-09-26 14:35 | Report Abuse

some how ppl collect cheap ticket now

Posted by hcthey > 2023-09-26 15:04 | Report Abuse

Today's trading price is the lowest since Astro first listing in Bursa in 2012. Rather to buy now at the cheapest price than watching. 😁😁😁😁😁, somehow the company is making less profit only and is not running in the loss. buy little quantity to try my luck for short term investment.

Posted by mf > 2023-09-26 15:54 | Report Abuse

US dollar emerges as best haven from govt shutdown fears
By Garfield Reynolds / Bloomberg
26 Sep 2023, 03:30 pm

Posted by hhhiii123 > 2023-09-26 19:58 | Report Abuse

need white knight Maxis to save this lousy counter, haha

Posted by DickyMe > 2023-09-26 19:59 | Report Abuse

20 sen coming soon!

Posted by cheeseburger > 2023-09-26 22:01 | Report Abuse

the trend has changed. People no longer watching TV, they find the entertainment from their hand held devices: ipad, iphone, mobile apps are more interesting.

Posted by cheeseburger > 2023-09-26 22:03 | Report Abuse

not to mention the TV box with all kind of apps connected worldwide...mostly all free

Posted by DickyMe > 2023-09-26 22:03 | Report Abuse

That is what I said a few years ago.

Posted by cheeseburger > 2023-09-26 22:05 | Report Abuse

dont take risk into this kind of stock with unknown future. Low can always be lower.

Posted by DrWong > 2023-09-26 22:27 | Report Abuse

not to mention the money spend unnecessarily on those "money collector". Netflix, youtube etc, won't waste their money like that. If people dont want to pay, just terminate and blacklist. Simple as that.

Posted by DrWong > 2023-09-26 22:28 | Report Abuse

people are just not interested in Astro anymore.

Posted by cheeseburger > 2023-09-26 22:40 | Report Abuse

In the old days where people were just having limited choice of RTM/TV3/TV8, that makes Astro the satellite TV a darling in almost every home. Now come to the era of broad band, high speed internet, IOT, 5G... Astro lost its shine as it stay in comfort zone for too long till they didnt see what is coming.

Posted by fortunefire > 2023-09-27 09:53 | Report Abuse

the salary cost is way above the market rate. Think Astro HR department should look into the salary benchmarking.

Posted by purple70 > 2023-09-27 10:50 | Report Abuse

For too long ASTRO's MEmgt n key staffer had held the high nose attitude claiming them to be amongst the top Co - sadly without any proper metrics! Money is just thrown everywhere including now where overseas travel in first n business class had returned w hefty living allowances! The lessons of excesses of previous many Mgmt teams had not been learnt...

Posted by purple70 > 2023-09-27 10:52 | Report Abuse

This is KARMA for AK who has no regards to leave a legacy in and of his businesses - Just look at the way he relisted ASTRO n MAXIS, just to take the juice away for private listings and leave these ones w heavy debt including the huge shares tha Govt institutions are holding eg Khazanah, EPF and PNB Co's!

Posted by purple70 > 2023-09-27 10:53 | Report Abuse

Rozahna, Ralph MArshall, Lim Ghee Keong etc are personnel of no worth....nothing could save ASTRO except a mega merger of MAxis, ASTRO and of course the National Telco - TM!
This will materialise soon before AK's health takes for worse!

Posted by purple70 > 2023-09-27 10:56 | Report Abuse

Try stopping yr subscription - additional charges etc applies and even when one discards these nuisance calls and threatening messages, one gets an offer - to settle at 50% and more channels thrown in! Totally out of sync mn MCMC doesnt bother checking on them!

Posted by Investsmart60 > 2023-09-27 11:00 | Report Abuse

They are super arrogant people.

Posted by SHOB > 2023-09-27 12:22 | Report Abuse

cut loss if can.... got to say goodbye

Posted by jack2 > 2023-09-27 12:32 | Report Abuse

Tp 20 ct

Posted by birkincollector > 2023-09-27 12:33 | Report Abuse

distressed share price bode well for AK for any corporate exercise

Posted by i3lurker > 2023-09-27 12:35 | Report Abuse

taken private at RM0.05 per share?

Posted by birkincollector > 1 minute ago | Report Abuse

distressed share price bode well for AK for any corporate exercise

Posted by BobAxelrod > 2023-09-27 12:38 | Report Abuse

Can la.......have a look at Ringgit.....

27th September, 2023..................12.30PM
Malaysian Ringgit crashed through 4.705......!!!!

Posted by fortunefire > 2023-09-27 12:59 | Report Abuse

Astro is the next Nokia?

Posted by Apastock > 2023-09-27 13:24 | Report Abuse

wow it's amazing dude.....

Posted by tehdiven5519 > 2023-09-28 07:37 | Report Abuse

Listed price: rm3
Current price: 45 cts

Posted by Ryugentrades > 2023-09-28 08:43 | Report Abuse

My view on Astro's charts is clear downtrend. Stay away or cut loss....holding on means opportunity cost to take on other trades. Fundamental view on Astro is that it is becoming more NOT RELEVANT due to how we consume contents and the streaming giants will be here to stay. For Astro to compete and stay relevant, they really have to reinvent themselves and carve out a new niche. Hope the Board Members realise and push for change.

Posted by Investsmart60 > 2023-09-28 09:09 | Report Abuse

What unifi TV is doing seems to be the right direction. Astro will take a big hit. And they are too Arrogant to change.

Posted by hhhiii123 > 2023-09-28 22:15 | Report Abuse

https://www.youtube.com/watch?v=NETNjgMrFfU

5G momentum incoming, will Astro benefit this time lol....

Posted by speakup > 2023-09-28 22:20 | Report Abuse

Wishful thinking

Posted by DickyMe > 2023-09-28 22:24 | Report Abuse

Astro can survive if it broadcast some titties, semi nude and wrestling in the nude.
Boleh? Can do?

Posted by cheeseburger > 2023-10-01 08:29 | Report Abuse

@hhhiii123
5G is for mobile service provider eg. Celcomdigi, U mobile, Maxis etc, telecommunication is another cut throat price war sector you see the gov is going to push down the brandband charges soon. Further Astro is not in this mobile industry. On the other hand, they are more at risk to lose niche market share to Tesla Starlink soon.

Posted by hhhiii123 > 2023-10-01 16:44 | Report Abuse

No no, 5G plan may pushing the merger of Maxis and Astro, that is why the Edge article is published previously, let's wait and see, hehe

Posted by willc48 > 2023-10-01 20:37 | Report Abuse

same owner. no impact & bring no value to Maxis or Astro

Posted by fortunefire > 2023-10-02 17:09 | Report Abuse

i follow aminvest advice

Posted by birkincollector > 2023-10-02 18:52 | Report Abuse

https://theedgemalaysia.com/node/684554

KUALA LUMPUR (Oct 2): Astro Malaysia Holdings Bhd announced that it will close down its home shopping business “Go Shop” from Oct 11, citing “challenging overall economic landscape and the changes in consumer shopping behaviour”.

In a statement on Monday, Astro Malaysia Holdings Bhd said the group and its Korean joint venture partner GS Retail Co Ltd (GSR) have decided that Astro GS Shop Sdn Bhd (AGSS), which operates the home shopping business under the brand name “Go Shop”, will cease operations beginning Oct 11.

AGSS is a joint venture between Astro Malaysia’s wholly owned subsidiary Astro Retail Ventures Sdn Bhd (holding 60% equity interest) and GSR (the balance 40%).