After reaching 39sen (+30% in a month), it has retraced slightly. 40sen target easily achievable in the coming weeks heading north towards 45sens. QR results out this month and new restructuring to be announced in their business model.
With RM740mil additional tax, it is safer to sell it now. That’s almost half of the company’s market cap. If Astro want to appeal, they will need to pay the tax first before appeal.
Based on last Quarter result, Astro only got RM158mil cash balance. Unlikely enough to cover the tax assessment of RM740mil. The will need new capital raising exercise and this will dilute minority shareholders.
So far, most analyst still sleeping and not yet write a report on this new RM740mil tax assessment. When they wake up and write, expect the shares to be around 15sen. Half the current price.
Astro and BAT WERE my favourite counters...count my lucky stars I didn't persevere 😂 By now I think few retailers would have gotten burnt la, all sold already
At 29 sen, Astro is grossly overpriced. Can wait to see what could be the next support level. Bearing in mind, Astro represents sunset industry. Getting worse as time passes. Must change business model, perhaps go for internet service provider sort of business.
one soo big and monopoly entertainment and media indusry, now..waiting time to be buried!! padan muka Astro..million people pray for Astro demise. Dulu.. poor people forced to subscribed/pay if wanna watch World cup/ Uefa, etc..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pinetree88
308 posts
Posted by pinetree88 > 1 month ago | Report Abuse
astro closing has a lot vol and closed at DH 0.39. Chart looks good to trend up.