Stock code : 5090
Price : 0.225
Date : 7/02/2019

Media Chinese International Limited is a leading Chinese language media platform targeting Chinese readers in major Chinese communities worldwide headquartered in Malaysia,

It is the creator of Sin Chew Daily, Nanyang Siang Pau, China Press, Ming Pao Daily News and Guang Ming Daily. 

However, as we all know, the print media industry is facing huge disruption due to digitalization.

The group has addressed the fact above and is taking serious action about it as mentioned by Dato’ Sri Dr TIONG Ik King in its latest annual report.



   

The segment’s digital business continued to attain decent double digits growth, an affirmation that the digital efforts put in by the Malaysian operation are in sync with market demands.




Financial Summary

Assuming that the company can make RM 12 million every quarter ( EPS 0.70)  (excluding one off impairment of  USD20m in Q4FY18)

EPS = 2.8 cents
P/E Ratio FY19 Forcast = 7.9
Dividend Yield =8.04%
NTA = 0.457
Cash and cash equivalents  = RM 457.76 million
Market Cap = RM 379.63 million



Technical Analysis

Resistance : 0.23
A breakout with strong volume above 0.23 is required to start an uptrend.


Summary 

1) Mediac is a leader in the chinese media industry and has taken serious action to digitalize its business.

2) Dividend yield of 8.08% is commendable and financials are stable excluding impairment.

3) Value emerging as short term rebound may be in the making.



Financial score : 7.5/10

Technical score : 7/10

Prospects score : 6.5/10 

Performance vs peers: 8.5/10

Total score : 7.38 



Greentrades wishes you a Happy Chinese New Year and a profitable year of trading ahead!


Disclaimer:

Trade at your own risk. This article is NOT an investment recommendation in any way. 
The author will not be responsible for any losses or decisions made.