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KLSE: STAR       STAR MEDIA GROUP BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.70 0.86     +0.16 (22.86%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
02/01/2019 0.68 0.73 +0.05 (7.35%) HOLD AmInvest Price Target News
10/12/2018 0.71 0.78 +0.07 (9.86%) HOLD PUBLIC BANK Price Target News
10/12/2018 0.71 0.60 -0.11 (15.49%) SELL KENANGA Price Target News
10/12/2018 0.71 0.73 +0.02 (2.82%) HOLD AmInvest Price Target News
03/12/2018 0.755 1.00 +0.245 (32.45%) HOLD PUBLIC BANK Price Target News
03/12/2018 0.755 0.69 -0.065 (8.61%) HOLD MIDF Price Target News
03/12/2018 0.755 0.60 -0.155 (20.53%) SELL KENANGA Price Target News
03/12/2018 0.755 0.62 -0.135 (17.88%) HOLD HLG Price Target News
03/12/2018 0.755 0.73 -0.025 (3.31%) HOLD AmInvest Price Target News
03/12/2018 0.755 0.51 -0.245 (32.45%) SELL Affin Hwang Capital Price Target News
27/08/2018 1.00 1.00 0.00 (0.00%) HOLD PUBLIC BANK Price Target News
27/08/2018 1.00 0.95 -0.05 (5.00%) SELL KENANGA Price Target News
27/08/2018 1.00 1.00 0.00 (0.00%) HOLD HLG Price Target News
27/08/2018 1.00 1.14 +0.14 (14.00%) HOLD AmInvest Price Target News
20/08/2018 1.18 1.07 -0.11 (9.32%) HOLD PUBLIC BANK Price Target News
20/08/2018 1.18 1.04 -0.14 (11.86%) HOLD MIDF Price Target News
20/08/2018 1.18 1.00 -0.18 (15.25%) SELL KENANGA Price Target News
20/08/2018 1.18 0.91 -0.27 (22.88%) SELL HLG Price Target News
20/08/2018 1.18 1.14 -0.04 (3.39%) HOLD AmInvest Price Target News
20/08/2018 1.18 0.88 -0.30 (25.42%) SELL Affin Hwang Capital Price Target News


Price Target Research Article/News (past 6 months)
02/01/2019  AmInvest Star Media Group - Higher cover prices in line with competitors
10/12/2018  PUBLIC BANK Star Media Group Berhad - Outlook Remains Cloudy
10/12/2018  KENANGA Star Media Group (STAR) - Bumpy Road Ahead
10/12/2018  AmInvest Star Media Group - Investment Highlights
03/12/2018  PUBLIC BANK Star Media Group Berhad - Core Net Loss For The First Time
03/12/2018  MIDF Star Media Group Berhad - Cost Management Effots Yielding Positive Results
03/12/2018  KENANGA Star Media Group (STAR) - Diminishing Lustre
03/12/2018  HLG Star Media Group - A loss making quarter
03/12/2018  AmInvest Star Media - Soft adex drags 3Q into the red
03/12/2018  Affin Hwang Capital Star Media - 3Q18: Slipping Into a Core Loss
27/08/2018  PUBLIC BANK Start Media Group Berhad - No Significant Re-rating Catalyst
27/08/2018  KENANGA Star Media Group - Seeking A Different Path
27/08/2018  HLG Star Media Group - More Needed to be Done
27/08/2018  AmInvest Star Media - Adex uncertainty lies ahead
20/08/2018  PUBLIC BANK Star Media Group Berhad - Continued to Weaken Despite Better Cost Management
20/08/2018  MIDF Star Media Group Berhad - Remain Profitable in 2Q18
20/08/2018  KENANGA Star Media Group (STAR) - Challenges Abound
20/08/2018  HLG Star Media Group - 1H18 Results – Below Expectations
20/08/2018  AmInvest Star Media Group - 1HFY18 below expectations, concerns arise
20/08/2018  Affin Hwang Capital Star Media - Ad Spending Loses Steam Post GE



  3 people like this.
 
rojakmee Poorly managed company, everyone eating inside with so much hanky panky going on, newsprint cost at all time high, better to dump all , dont bet will will recover becsuse it never will
22/10/2018 18:20
rojakmee Will be 20 cents just like utusan, better to dump now
22/10/2018 18:20
rojakmee See my earlier comments when star was at rm2.30
22/10/2018 18:26
nkk53 0.70 is still worth buying due to its assets
24/10/2018 15:20
shpg22 BlackWhite Dear all, imagine this all our newspaper comp close shop , will the government want or allow that to happen. No newspaper in Malaysia Baru. Who would want to set a new newspaper anyway. So star. N other need to a float . Sure Government will save them

Do not confuse survival and with share price. No one doubt that STAR will survive for at least another 10 years, but by then the share price may already drop to 0.10.
25/10/2018 12:16
shareinvestor88 Sell tp 20c
27/10/2018 09:59
TheContrarian Star share price so much lower than Star newspaper price, hahahaha. People pays RM1.30 for a weekly copy of The Star but wouldn't pay above 75 sen for a share in Star.
27/10/2018 11:11
geraldt9 NTA level @Rm 1.13 ...quite attractive.
02/11/2018 08:04
Logan Yeo https://www.thestar.com.my/business/business-news/2018/10/29/cimb-research-upgrades-star-media-group-to-add-tp-rm1pt20/
02/11/2018 11:38
WinnerTime @shareinvestor88, are you still waiting for TP 0.20? You have missed the boat
05/11/2018 16:35
WinnerTime See my early comment, those who has purchased has reap a lucrative amount by now
05/11/2018 16:37
cyeec2000 Star is severe undervalued..
05/11/2018 16:44
guanteik I’m looking forward the new TP. Given the share price has been undervalued, we’re hoping it will raise again
06/11/2018 14:37
ivan9511 yes easyn money lucky call buy a few times will bottomm


ivan9511 as I said buy when lowest , see now going up already
yes my
Star
09/10/2018 16:25
X
ivan9511 Star
09/10/2018 16:25
06/11/2018 17:35
tnang Net Cash 480M. long list of property and land.
09/11/2018 14:27
chamlo If buy bec of property better buy property counters eg Ewein, Ivory hehe.
10/11/2018 04:27
chamlo QR weak. Overstaffed. Even EPF cut loss.
10/11/2018 04:27
tnang someone selling, EPF?????
12/11/2018 11:01
rojakmee FV 0.20 cents, better get out while you can, newsprint cost at all time high, huge adex drop
12/11/2018 22:34
rojakmee Will report huge losses this time for sure
12/11/2018 22:37
BlackWhite Well the old ship still got a lot of bolts n nuts can afloat for some time
18/11/2018 15:06
MCA_ ‘Claim a cheap shot by Loke’
https://www.thestar.com.my/news/nation/2018/11/18/claim-a-cheap-shot-by-loke-vigneswaran-bringing-up-dress-code-violation-at-klia-is-cheap-publicity/
18/11/2018 16:44
Ex7121 Mca, take your star private la, then sell all assets before selling the news business to Vincent to inject into bjmedia, sure make good money for you to buy vote in the next GE. Lol
29/11/2018 21:07
Donald Hian At last, the reporter is gone... hope BOD will look for a smart and intelligent entrepreneur 'type who put most emphasis on sales and marketing as the next CEO... never appoint a forthright and blunt accountant who comes looking for salt in the sands...
01/12/2018 13:30
MCA_ Sales lowest ever. DAP can buy over our stake?
https://klse.i3investor.com/servlets/stk/fin/6084.jsp
01/12/2018 13:39
MCA_ MCA looks to Taiwan mayor to plot its political comeback
https://www.malaysiakini.com/news/454325
02/12/2018 13:08
apolloang as long as mca still holding a large portion surely cannot up.....hehe
02/12/2018 15:09
rojakmee Wait for 20 cents
10/12/2018 16:16
commonsense The only reason for investors to stay invested in this company is mainly due to the high value of its net tangible assets which currently is around RM1.14 per share. The value is actually a lot higher given that all of the properties are still values based on acquisition price which mostly are acquired more than 10 to 20 years ago . It is safe to say that the NTA is actually closer if not more than RM2 per share.

In term of earning, there is actually almost none. Even the RM2.5mil PBT recorded in 3Q comes mainly from other income (such as gain on disposal ) and not the operation of the company. Without other income, PBT for 3Q18 would have been negative RM6mil. The only bright spot in the company business is the Digital segment which grew by 17% during the quarter. Investors will need to wait for for some time before it can provide a meaningful profit to the company.

For those already invested in the company, they will need to wait and see what are the management plans in order to unlock some of the asset value. The only way i can think off is to just sell the assets and then pay special dividend to investors. But in order to do so they will have to scale down their printing business as the biggest values lies in their current office buildings and their printing plant. I don't think they can do that anytime soon (at least not in FY19). The process might take longer.

If you are hoping for a better earnings going forward, then i think you need to be prepare to hold on to the investment a bit longer given that the current main business (printing, ads and radio) will almost certainly deteriorate even further. Digital is where the growth will be but it will take some time before it can replace the revenue (and profit) that the original businesses provided previously.

In both cases (unlocking asset value & growth from digital), you need to have a longer investment horizon.

For those that are interested to invest in this company, i would suggest you wait for management to indicate what the new plan will be. In the short and mid term, the company will most probably record disappointing results.

For those looking to divest some of their portfolio outside of the Media industry, I would recommend them to look at MBMR (https://klse.i3investor.com/servlets/stk/pt/5983.jsp).

The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.0x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Hope management can provide investors with a firm plan on how to unlock some of the assets value. I believe their decision to focus on digital is the right way forward but investors need to be patient with the division results. it would take some time before meaningful earning can be made.

Good luck.
10/12/2018 16:18
rojakmee Wait for 20 cents
11/12/2018 11:12
4444 Lousy paper. No wonder sales keep dropping. Cannot even highlight what's the main reason people dump BN first time in 61 years.
12/12/2018 04:14
shpg22 My estimate, by 2020 start to make loss d.
14/12/2018 12:13
MCA_ Is Msia getting better under new govn?
18/12/2018 05:36
signalmw The S
18/12/2018 07:44
Bobii MCA deserve to die
18/12/2018 08:20
Bobii I mean their company
18/12/2018 08:20
Thepainfultruth Dropped 5% today
18/12/2018 22:25
BN_better Tomorrow must highlight if change of govn really good.
31/12/2018 16:17
OngMoneyOng Oh GG lol
02/01/2019 23:14
MCA_ From rubber estate to parliament
https://www.thestar.com.my/news/nation/2019/01/06/from-rubber-estate-to-parliament/
06/01/2019 14:16
stockraider I think man v man....Dr wee is much better than lim guan eng...at least Dr wee has balls to speak up now, whereas LGE has no balls loh...!!

LGE just a mahathir puppy loh...!!

Posted by MCA_ > Jan 6, 2019 02:16 PM | Report Abuse

From rubber estate to parliament
https://www.thestar.com.my/news/nation/2019/01/06/from-rubber-estate-t...
06/01/2019 14:28
MCA_ Wee: 'Volunteer' has a taken on a new definition now
https://www.thestar.com.my/news/nation/2019/01/14/wee-volunteer-has-a-taken-on-a-new-definition-now/
14/01/2019 10:15
MCA_ Wee Ka Siong is right MCA leader. If debate with LKS/LGE they sure lose.
14/01/2019 10:26
MCA_ "Volunteer" in New M'sia meaning can get money?
14/01/2019 10:39
BN_better BN must win Cameron?
14/01/2019 12:17
nkk53 Pick up some at 0.70
15/01/2019 17:38
nkk53 50 mil angpow fr. Jaks.Share price still not reacting
16/01/2019 21:35
nkk53 MCA was treated like a little bro under BN rule.and has not changed under Pakatan
17/01/2019 17:21
tnang buy in 69.5
18/01/2019 12:41
MCA_ Fulfil promises, Pakatan told
https://www.thestar.com.my/news/nation/2019/01/21/fulfil-promises-pakatan-told/
21/01/2019 13:49


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