- Given the recent decline in oil prices, weak external sentiment as well as ongoing domestic uncertainties, USDMYR has declined by 10% over the past three months to last traded 3.58.
- Following our checks, we have summarised below the feedback from the media companies under our coverage regarding their exposures to the strengthening dollar against the ringgit:-
- Despite the recent sell down of the media stocks, the Star, MPR and MCIL are still trading at their 5-year average PE level at 10x-12x, due to earnings downgrades following a string of earnings disappointments in 2014. Astro, on the other hand, is trading at FY16F PE of 25x.
- We are keeping our NEUTRAL stance on the sector as we believe earnings will continue to be weak due to ongoing uncertainties amid weak consumer sentiments. The weakening ringgit against the USD is an added uncertainty and we think earnings may further surprise on the downside.
Source: AmeSecurities
Chart | Stock Name | Last | Change | Volume |
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2024-07-18
MEDIAC2024-07-18
MEDIAC2024-07-17
MEDIAC2024-07-17
MEDIAC2024-07-16
ASTRO2024-07-16
MEDIAC2024-07-15
MEDIAC2024-07-12
ASTRO2024-07-12
ASTRO2024-07-12
ASTRO2024-07-12
ASTRO2024-07-12
ASTRO2024-07-12
ASTRO2024-07-12
MEDIAC2024-07-12
STAR2024-07-12
STAR2024-07-11
MEDIAC2024-07-10
MEDIACCreated by kiasutrader | Dec 08, 2015
Created by kiasutrader | Dec 07, 2015
Created by kiasutrader | Dec 04, 2015
Created by kiasutrader | Dec 03, 2015
ks55
MYR国内贬值 => 通货膨胀
MYR国外贬值 => 进口货通膨, 海外游受不了
2015-01-08 09:40