Market is always looking at the future. Youre using outdated data to evaluate Astro, by the time the result starts showing the share price would already moved.

Keep BUY and MYR0.84 TP (DCF), 27% upside and 9% forward dividend yield. Astro Malaysia’s results were broadly in line, with the quarter characterised by seasonality. We expect core earnings to stage a rebound in FY24 (Jan) from lower content cost and cost efficiencies. In our view, a potential re-rating catalyst could well come from a privatisation. At current levels, prospective FCF and dividend yields are attractive at over 15% and 9%. A 4% ESG premium has been incorporated into our valuation based on our in-house screening methodology

RHB investment is joker?

Astro (Neutral, TP: RM0.70): To undertake VSS to improve financial standing. Astro Malaysia Holdings will be undertaking a voluntary separation scheme (VSS) to allow the company to focus on core business activities and improve financial performance by simplifying the organisation, streamlining operations and reducing operating expenses. The VSS aims to support its ongoing transformation and is offered on a purely voluntary basis. (The Edge)

PublicInvest is joker?

There is alot IB still give high target for Astro, they are not serious?

signs of reversal coming, 88c. huat ah

vss operation is positive on the business. Astro needed to scale down and streamline their operation. With improved opex will give them much better profitability. Their current price is so undervalued it should be at least twice current price

Got volume but price did not change.

Seller exhaustion. US market looking good. Astro should rebound tomorrow

undervalued company

Good QR

1.55 is a good entry

birkincollector
ah no wonder price supported at this level......this week The Edge just bring up the possibility of Maxis buying Astro
1 day ago

50c is demand zone. Astro has been in accumulation for 1 month , EMA50 hold out very well. Rebound soon to test March high and break resistance

FA - bullish with 400m loan
TA - support holding really well , all indicator shows buy signal

MQ Trading Signals
Time

Signal

Duration

Type

2023-08-18 10:23:54

ADX

10 Mins

BUY

2023-08-18 09:58:30

ADX

30 Mins

BUY

2023-08-18 09:58:30

TURTLE SYSTEM 20

30 Mins

BUY

2023-08-18 09:58:30

EMA 5

Hourly

BUY

2023-08-18 09:50:03

TURTLE SYSTEM 20

Price Target

PublicInvest Research Headlines - 15 Aug 2023
Source : PUBLIC BANK, Price Call : HOLD, Price Target : 0.70
Last Price : 0.515, Upside/Downside : +0.185(35.92%)

Trend reversal is here, first TP 80c

I hold because I believe in Astro management.

Final flush once all weakhands gone we will rocket up

How to go lower? price already bottomed

VSS and 400mil loan. Good restructuring in progress. Based on fundamental should be worth 90c