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Overview
Financial Highlight
HeadlinesBusiness Background Star Media Group Bhd is a Malaysian media company engaged in the publication, printing, and distribution of newspapers, magazines, and websites. The company's largest operating segment is its print and digital brands, such as Star and Star Online, which are among Malaysia’s leading English-language daily newspapers and news websites. This segment’s advertising revenue provides the majority of overall revenue for the company, followed by its radio and television efforts. Star Media operates 988, one of the largest Chinese radio stations in the country, as well as Life Inspired, the first Asian lifestyle-dedicated TV channel.
  whitebunny they finally revalued their assets to current market value? thanks for the info. I have invested quite a bit into this counter 06/08/2020 4:05 PM whitebunny https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3075774 07/08/2020 8:58 PM whitebunny "The High Court has amongst others, ruled that Star Media Group be paid damages by JAKS Resources Berhad, being late payment interest at the rate of 8% per annum on the Balance Purchase Price of RM134,500,000.00 from 25 October 2015 to 6 July 2020 with late payment interest to continue running from 6 July 2020 to the date JRB completes or cause to be completed JAKS’s obligations under the SPA namely the full and complete delivery of the Company's Entitlement in full and proper compliance with the terms of the SPA." - Company announcement on 7 Aug 2020. Link: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3075774 08/08/2020 1:16 AM winmal legal tussle with Jack had drag STAR share price down. Great news court ruled RM134 mullions + 50 millions late interest which equivalent to 25 cents per share. currently cash in hand of RM0.52 + RM 0.25 =RM 0.77 cents per share. Star can declare special dividend to reward shareholders. Bear in mind late interest still continues until completion of development. each month delay is cost late interest of around RM 900K per month or RM10 millions per year. Monday limit up 08/08/2020 8:03 AM winmal current share price RM0.365 + RM0.30 = RM 0.765 nor even his cash in hand + FOC for his business & assets without revalued worth more than RM600 Million. Good luck to those who invested & faith to Star 08/08/2020 8:24 AM Ex7121 MCA pls take it private, an eye sore counter in Bursa, with market capital tremendously lower than total assets 08/08/2020 12:07 PM stockraider Wah book in the extra compensation that means Rm 50 miilion profit...STAR will gain big profit loh..!! Must buy mah...Net cash Rm 0.52 per share mah....!! Posted by whitebunny > Aug 8, 2020 1:16 AM | Report Abuse "The High Court has amongst others, ruled that Star Media Group be paid damages by JAKS Resources Berhad, being late payment interest at the rate of 8% per annum on the Balance Purchase Price of RM134,500,000.00 from 25 October 2015 to 6 July 2020 with late payment interest to continue running from 6 July 2020 to the date JRB completes or cause to be completed JAKS’s obligations under the SPA namely the full and complete delivery of the Company's Entitlement in full and proper compliance with the terms of the SPA." - Company announcement on 7 Aug 2020. Link: https://www.bursamalaysia.com/market_information/announcements/company... Posted by winmal > Aug 8, 2020 8:03 AM | Report Abuse legal tussle with Jack had drag STAR share price down. Great news court ruled RM134 mullions + 50 millions late interest which equivalent to 25 cents per share. currently cash in hand of RM0.52 + RM 0.25 =RM 0.77 cents per share. Star can declare special dividend to reward shareholders. Bear in mind late interest still continues until completion of development. each month delay is cost late interest of around RM 900K per month or RM10 millions per year. Monday limit up Posted by winmal > Aug 8, 2020 8:08 AM | Report Abuse share with high safety of margin which his NTA RM1.10 08/08/2020 12:12 PM winmal STAR have transforming his traditional print Media to Digitalize business. Also strive to monetisation his assets (Property assets) which via JV & disposal. Currently Co. is seeking strategy business acquisition to foster his business profitability. as of today Star still continue declare dividend. indeed, the proceeds of assets disposal will use to declare special dividend as MCA needs money for imminent GE. 08/08/2020 9:10 PM doll Used to read the star until they forced peeps to subscribe for 1 month free trial, even for general news. and expect people to continue subscribing? 12/08/2020 6:15 PM linheng Posted by RainT > Aug 21, 2020 3:55 PM | Report Abuse who still buy hard copy Star papers and read it daily? I do. Already 48 yrs reading Star. Quality had gone done tremendously. I finish reading in less than 10 minutes. Cannot stand the comments by 2 political columnist. 1. Joseline Tan 2. Sabahan Philip Lately the Star Biz had also start writing nonsense. Remember those article on Oil & Gas company. Oil had recovered from below USD30 to above USD40. Now they write as if Oil is doom. Frankly the DIMSUM is also a failure. So hard to instal on Andriod TV. I had no problem instaling Netflix and even free China cable TV. Call and email the Dimsum Team many times but no response. As for the management team, the Wong Chun Wai guy although retired ( got some travel packages thrown in for retirement) seems to have power still. The new CEO got to run before his reputation is down the drain. The chairman is still the expired politician who goes for the benefits. 23/08/2020 4:52 AM linheng For this counter, the obvious lure is the assets. Problem is that we the small shareholders can only hope that this assets does not disappear. I am still holding those that cost 90+ cents per share. When it drop below $1, I thought its a good buy. It went below $0.50 and I buy more. Went down all the way to below $0.30. Luckily I buy more and managed to sell all this at above 40 cents when co launch a share buyback program. 23/08/2020 4:58 AM novice2020 This is one stock that needs different investment strategy. For those who think differently will be well rewarded. 24/08/2020 5:39 PM Nkk1370 Bought fr. low of 0.34 to high of 0.40,still holding and waiting for good news, if any? 25/08/2020 9:35 AM linheng See no road ahead. Chairman and board of directors just take gaji and slowly bleed the company. No action to implement change. Susah 28/08/2020 8:00 AM kabam88 https://www.theedgemarkets.com/article/cgscimb-are-stars-aligned-privatisation-star-media 28/08/2020 12:28 PM linheng Even Media P use TV3 to buy a online Shopping Co from the Koreans/OR Japs and try to diversify to e commerce. The Star just sit and makan gaji while MCA is becoming Politically irrelevant 02/09/2020 12:58 AM HappyStar Happy days will be here soon - wait for next AGM announcement. Start collecting NOW! 02/09/2020 11:28 AM Jeffreyteck Quarterly loss accelerated to 30 million... uum, I can deliver that results too if I am the chairman or bod. 03/09/2020 8:40 AM Jeffreyteck M’sia in need of multitalented individuals... Dr Ma.... lol, I only need to learn frog jumping skill. 07/09/2020 8:53 AM Lewis Lee one quarter lost 30 millions, 10 quarters of 30 millions loss , all cash 300 millions burnt ?? Jia Lat liao lah !!! 11/09/2020 3:03 PM RVI123 The share price is deeply undervalued. The current market capitalisation is very much below the cash in hand. The share price is 34 sen as compared to cash in hand per share at 50.9 sen as at 11/9/20. https://www.theedgemarkets.com/article/cgscimb-are-stars-aligned-priva... 13/09/2020 8:02 PM humongainz personally, I dun think this is a good stock long term undervalued or not. ask yourself, how often do you read thestars? Google news don't count. It only counts if you purposely look for content on there. 13/09/2020 8:04 PM linheng There is a hope of privatization with all this losses. Just privatize Star Media Group and Star Media becomes a private co held by MCA. Can potong any no of staff they want. Ample cash to MCA and all the minority share holders 16/09/2020 6:54 AM RVI123 Hope that the major shareholder will privatise the company. https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E5%B8%82%E5%9C%BA%E4%B8%A5%E9%87%8D%E4%BD%8E%E4%BC%B0-%E6%98%9F%E6%8A%A5%E5%AA%92%E4%BD%93%E6%88%96%E9%81%AD%E7%A7%81%E6%9C%89%E5%8C%96 16/09/2020 4:17 PM Hidup_Pak_Lah Stop spreading fake news about Pak Lah’s health’ https://www.thestar.com.my/news/nation/2020/10/09/stop-spreading-fake-news-about-pak-lahs-health 09/10/2020 12:34 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
