Posted by kaleemtheman > 2019-11-19 15:20 | Report Abuse

ASTRO Malaysia Holdings Bhd might see a decline in subscriptions revenue in the second quarter of financial year 2020 (2QFY20) despite higher pay-TV churn rate.

UOB Kay Hian Securities (M) Sdn Bhd, in a report on Wednesday, noted that the decline would be due to the premiumisation on its subscriber base and piracy.

The rationalisation of Astro’s customer base is still ongoing but is expected to see further subscription revenue decline in the next two quarters, the brokerage added.

Astro’s premiumisation involves revamping its pay-TV customer base and service to focus on highvalue premium customers.

Posted by EatCoconutCanWin > 2019-11-20 17:53 | Report Abuse

astro will improve in earning for this quarter due to goverment digital TV. a lot of decoder out of stock and some no choice have to change to astro on demand. i predict will double the profit. TP2.88

Posted by RainT > 2019-11-23 12:15 | Report Abuse

even now ASTRO is a bit like sunset biz

but i see ASTRO is try it best to adapt , buy launch radio apps, tv programme apps , join iqiyi etc

is good rather than make slow or no change (MEDIA, STAR)

Posted by shpg22 > 2019-12-04 18:19 | Report Abuse

Make changes = slow death. No changes = fast death. No other way around.

Posted by Najib Zamry > 2019-12-06 07:39 | Report Abuse

Buy ASTRO at Rm1.35 50,000 shares yesterday. Target Rm1.50 by end of next month. Good results company with 7 % dividend yield.

Posted by techlee229 > 2019-12-06 11:11 | Report Abuse

Future Growth Drivers. Despite the challenging outlook of the media industry, Astro continues to grow by leveraging on its customer base to build new revenue adjacencies whilst continuing on its cost optimisation efforts. To further increase its subscriber base, Astro has been expanding its vernacular content offering via strategic partnerships (newly launched iQIYI app) and investing in more local and vernacular content, which constantly garner highest viewership.

Posted by RainT > 2019-12-06 17:42 | Report Abuse

@najib zamry

brave move for you to invest ASTRO

ASTRO business is sunset biz, no much growth can be expect frm ASTRO

Posted by newbie0718 > 2019-12-07 08:32 | Report Abuse

still profitable somehow....no problem at all for another 1-2 years.....trend will change and price will up eventually....now is low entry price

Posted by Najib Zamry > 2019-12-07 15:32 | Report Abuse

Definetly a privatised candidate!!!!!!!

Posted by Najib Zamry > 2019-12-07 15:34 | Report Abuse

Get a copy of the Edge Today !!!!!! Privatised candidate!!!!!

Posted by Najib Zamry > 2019-12-09 15:22 | Report Abuse

Privatisation announcement soon?

Posted by RainT > 2019-12-11 17:33 | Report Abuse

@najib
haha

why you over excited

that is just an news article

there is nothing concrete

Posted by Najib Zamry > 2019-12-12 22:01 | Report Abuse

Rain T I am not overexcited just waiting for durian runtuh soon

Posted by PKok6655 > 2019-12-17 18:31 | Report Abuse

Relex two days....

Posted by DickyMe > 2019-12-23 19:14 | Report Abuse

Netflix is a competitor. Uncensored and personalised shows from INTERNET. No need for accessories. Tutup kedai cepat, wey!

Posted by somo1 > 2020-01-03 15:26 | Report Abuse

It seems its only unique feature or value is the live sport event broadcasts.

Posted by mrstrong > 2020-01-03 16:54 | Report Abuse

1.23 very good price.

Posted by MKL9 > 2020-01-07 00:02 | Report Abuse

Media sector no power..

Posted by newbie0718 > 2020-01-07 08:33 | Report Abuse

good price to enter to push to 1.40 now....trend as usual....down and up....reasonable entry price at support now

Posted by bjaya > 2020-01-07 22:49 | Report Abuse

Sunset industry it looks, but perplexingly, Profit after tax for the 1st 3 Qs of 2019 has already surpassed the sum of the entire 4 Qs of 2018 .

Posted by Teck Ng > 2020-01-09 16:03 | Report Abuse

refer back to the last QR.
if next q , maintent the nett profit like last 3q, then the total nett profit will be second high from 2013. (2018 is the high)

Posted by linges > 2020-01-13 15:54 | Report Abuse

Back to Astro @ 1.29
Good 6% dividend play..if Astro could maintain QR performance..

Posted by Jeffreyteck > 2020-01-15 09:37 | Report Abuse

First time drop by attracted by its dividends. But 2 billion of intangible assets, potential for impairment? High loans is another negative. Sabar first.....

Posted by MKL9 > 2020-01-15 21:04 | Report Abuse

1.210 1.180 1.150 low & low & low... haha...

Posted by Hafid > 2020-01-16 05:45 | Report Abuse

Astro nta is less than current price. So down again

Posted by sell > 2020-01-20 11:01 | Report Abuse

Astro still mahal no wonder PH loss. Why monopoly pay-TV allow?

Posted by Keyman188 > 2020-02-01 09:14 | Report Abuse

I sangka banyak orang tak percaya...

Next 24 months will test low between RM 0.80 ~ RM 0.85...

Posted by Keyman188 > 2020-02-01 09:14 | Report Abuse

Aku sendiri pun tak percaya...

Tapi...aku pun nak tengok mujuk tak....

Posted by Jeffreyteck > 2020-03-15 12:59 | Report Abuse

1. Sunset.
2. Too high intangible asset.
3. Privatise not too soon.
Own decision, No Go.

Posted by signalmw > 2020-03-15 14:29 | Report Abuse

Every time drop much but up vast

Posted by NoHopeMedia > 2020-03-16 16:12 | Report Abuse

Soon malaysia will be the most penny stock in the world
Up 10 years few cent, but when drop , few ringgit gone

Posted by Keyman188 > 2020-03-21 16:00 | Report Abuse

Fund allocation...

Example :-

Assumption investment fund : $ 200,000

During 1200 ~ 1300 lvl, intend to purchase 5 Co. (35% of total investmet funds allocation)

Co.A @ 2.00 = allocation of $ 18,500 = 9,200 units

Co.B @ 1.70 = allocation of $ 15,500 = 9,100 units

Co.C @ 1.50 = allocation of $ 14,000 = 9,300 units

Co.D @ 1.30 = allocation of $ 12,000 = 9,200 units

Co.E @ 1.10 = allocation of $ 10,000 = 9,000 units


If index further decelerated to 1050 ~ 1200 lvl, then another 35% of total investment funds allocation

Co.A @ 1.50 = allocation of $ 19,000 = 12,600 units

Co.B @ 1.30 = allocation of $ 16,500 = 12,700 units

Co.C @ 1.10 = allocation of $ 14,000 = 12,700 units

Co.D @ 0.90 = allocation of $ 11,500 = 12,700 units

Co.E @ 0.70 = allocation of $ 9,000 = 12,800 units


If index further decelerated below 1050, then balance 30% of total investment funds allocation

Co.A @ 1.10 = allocation of $ 19,000 = 17,200 units

Co.B @ 0.90 = allocation of $ 15,500 = 17,200 units

Co.C @ 0.70 = allocation of $ 12,000 = 17,100 units

Co.D @ 0.50 = allocation of $ 8,500 = 17,000 units

Co.E @ 0.30 = allocation of $ 5,000 = 16,600 units


## So total share holding & average price for each company :-

Co.A = $ 56,220 / 39,000 units = $ 1.4415

Co.B = $ 47,460 / 39,000 units = $ 1.2169

Co.C = $ 39,890 / 39,100 units = $ 1.0202

Co.D = $ 31,890 / 38,900 units = $ 0.8198

Co.E = $ 23,840 / 38,400 units = $ 0.6208


35% of investment fund - during range 1200 ~ 1300

35% of investment fund - during range 1050 ~ 1200

30% of investment fund - during below 1050...............



%% At the end, the final average price of each company almost lower than the price during 1050 ~ 1200 index level


@@ This is illustration & reference only....

Posted by Keyman188 > 2020-03-22 14:53 | Report Abuse

Lai...lai...lai....

No need talk 3 talk 4...

Long waiting ....

0.600...

0.500...

0.400...

0.300...

0.200...

Posted by Hajiji2833 > 2020-04-01 14:00 | Report Abuse

Buy more when at below 0.900cent

Posted by Penangbull > 2020-04-02 18:03 | Report Abuse

Maybe sunset industry but Astro own all the rights for Malaysia . No manner u use satellite or 5G you still need their rights to show. Astro also offer internet so I am doubt the biz will be gone . Intingible asset due to movie rights

Posted by DreamKentut > 2020-04-02 18:06 | Report Abuse

What rights?

Rights to BULLSHIT?

Posted by Victor Yong > 2020-04-06 12:15 | Report Abuse

good, epf started buying again :)

[ASTRO] Change In Substantial Shareholder's Shareholding - EMPLOYEES PROVIDENT FUND BOARD ("EPF") on 03-Apr-2020
Stock [ASTRO]: ASTRO MALAYSIA HOLDINGS BHD
Announcement Date 03-Apr-2020
Substantial Shareholder's Particular:
Name EMPLOYEES PROVIDENT FUND BOARD ("EPF")
Details of Changes:
Currency -
Date of Change Type Number of Shares
31-Mar-2020 Acquired 500,000
Registered Name Citigroup Nominees (Tempatan) Sdn Bhd for Employees Provident Fund Board
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares Ordinary Shares in Astro Malaysia Holdings Berhad ("AMH Shares")
Reason Acquisition of Shares
Total no of securities after change
Direct (units) 437,832,400
Direct (%) 8.40
Indirect (units) 0
Indirect (%) 0.00
Total (units) 437,832,400
Total (%) 8.40
Date of Notice 31-Mar-2020

Posted by Victor Yong > 2020-04-06 12:21 | Report Abuse

new ceo too :)

[ASTRO] Group Chief Executive Officer - MR HENRY TAN POH HOCK on 01-Apr-2020
Stock [ASTRO]: ASTRO MALAYSIA HOLDINGS BHD
Announcement Date 01-Apr-2020
Principal Officer Information:
Date of Change 01-Apr-2020
Type of Change Others
Designation Group Chief Executive Officer
Name MR HENRY TAN POH HOCK
Age 56
Gender Male
Nationality Malaysia
Working Experience Henry has held various responsibilities in the Astro Group. Prior to his appointment as the Chief Executive Officer of Astro, he held the positions of Group Chief Content & Consumer Officer and Chief Operating Officer. He is currently the Chairman of Go Shop, Astro's home shopping platform.
He played a key role in introducing Malaysians to high definition (HD) with Astro B.yond and launching the first free satellite multichannel service, NJOI. He raised the bar on storytelling and championed vernacular and Asian originals, from film to TV to digital, to ensure consumer relevance, reach and engagement. He has pioneered many firsts including Malaysia's first free academic learning channels, Tutor TV, Astro First, cinema in your home service, eGG Network, the first regional eSports channel, Boo, the first Asian horror channel, and local Hua Hee Hokkien entertainment and Malay "Lawak" comedy brands.
He focused on creating digital content experiences for Astro's customers via Gempak, Xuan, Ulagam, Zayan, Awani, Stadium Astro and was also responsible for the group's airtime sales. Henry believes in the potential of Malaysian movies and was instrumental in the success of The Journey, OlaBola, Hantu Kak Limah, Paskal, Abang Long Fadil and Polis Evo.
Henry was previously the Chief Executive Officer of Mindshare Malaysia and GroupM (Malaysia and Singapore) and prior to that, he held the position of the Media Director, Ogilvy & Mather and General Manager, HVD Entertainment.
Family Relationship None
Conflict of Interest None
Interest He holds 1,863,500 ordinary shares in Astro Malaysia Holdings Berhad ("AMH") representing 0.036% of the total issued shares in AMH.

Posted by Victor Yong > 2020-04-06 12:23 | Report Abuse

less people go to cinema, more people watch astro at home :)

Posted by Victor Yong > 2020-04-06 14:07 | Report Abuse

Ananda might privatise it now . PE 6+, div yield 8%+

Posted by Victor Yong > 2020-04-06 14:07 | Report Abuse

Easily go back to rm1 this month :)

Posted by laychee > 2020-04-06 14:15 | Report Abuse

If privatise, how much will the offer price be?

Privatisation is possible as ROE is super high. Astro doesn't need your money.

Posted by Victor Yong > 2020-04-06 15:04 | Report Abuse

interim div dah mau mari... jangan jual sekarang :)


ASTRO - Notice of Book Closure
ASTRO - Notice of Book ClosureILC-26032020-00001Fourth Interim Single-Tier Dividend of 1.5 sen per share for the financial yearended 31 January 2020. Kindly be advised of the following : 1) The aboveCompany's securities will be traded and quoted "Ex - Dividend? as from: 8 Apr2020 2) The last date of lodgment : 9 Apr 2020 3) Date Payable : 24 Apr 2020Remarks: The Board does not recommend any final dividends to be paid for thefinancial year ended 31 January 2020. Total dividend declared in respect ofthe financial year ended 31 January 2020 amounts to 7.5 sen, equating to a 60%dividend payout ratio. For comparative purposes, total dividend declared inrespect of the financial year ended 31 January 2019 amounted to 9.0 sen,equating to a 101% dividend payout ratio. This represents a departure fromAMH's dividend policy of paying out at least 75% of consolidated profits forthe financial year provided that such distribution will not be detrimental toour Group's cash requirements, or to any plans approved by our Board. Givenunprecedented levels of uncertainty and volatility globally stemming from theCovid-19 pandemic, the Board believes this prudent approach is the best courseof action, allowing for liquidity to be conserved and our Group's balance sheetto be strengthened. The Board and Management are closely monitoring andproactively managing the COVID-19 situation, and its corresponding impact tobusiness and operations.MANAGER, REF. DATA MANAGEMENTYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


26/03/2020 07:00 AM


Ref Code: 202003265100052

Posted by Victor Yong > 2020-04-06 15:07 | Report Abuse

ROE is 76.6% now. PE 6.92..... PE should be at least 15. So, 87 x 15/6.92 ~ RM1.88+ for the offer price, just a rough estimate :) good luck if any


@laychee If privatise, how much will the offer price be?

Privatisation is possible as ROE is super high. Astro doesn't need your money.
06/04/2020 2:15 PM

Posted by Victor Yong > 2020-04-06 15:08 | Report Abuse

households will keep astro... go to cinemas less often from now

Posted by Victor Yong > 2020-04-06 15:08 | Report Abuse

EPF started buying astro again, a good sign

Posted by Victor Yong > 2020-04-06 15:09 | Report Abuse

previously, there was talk that ananda would privatise it... i think, now is the best time to do it.. it is possible, fingers crossed

Posted by Victor Yong > 2020-04-06 15:11 | Report Abuse

Astro Malaysia Holdings Berhad - Earnings Lifted by Lower Opex
Date: 26/03/2020

Source : PUBLIC BANK
Stock : ASTRO Price Target : 1.80 | Price Call : BUY
Last Price : 0.87 | Upside/Downside : +0.93 (106.90%)

Back

Astro continues to face a decline in TV subscription revenue with full year FY20 revenue came in at RM4.9bn, down 10.3% YoY. However, Astro posted a full year net profit of RM655.3m (+39.8% YoY), mainly attributable to lower content costs as FY19 was a major sporting year, as well as lower operating expenses thanks to its on-going cost optimisation efforts. After adjusting for the unrealized forex loss of RM1m, FY20 core net profit came in at RM656.3m. Full year earnings were within ours and consensus’ estimates, accounting for 98% and 96% of FY20F respectively. However, given the uncertainties due to Covid-19 pandemic, we lowered our earnings forecast for FY21-22F by 6%-16% to account for the decline in subscription revenue and lower adex expenditure on weaker consumer sentiment. Furthermore, we are expecting an uptick in Astro’s content cost due to the weakening MYR against the greenback. As such, our DCF derived TP is revised downwards to RM1.80. (RM2.00 previously). Despite the challenging operating environment faced by media industry, we reiterate our Outperform call due to its attractive valuation. Astro is currently trading at a depressed valuation of below -3 SD (Figure 1) while dividend yield remains appealing at 9.3% p.a.

4QFY20 revenue declined mainly dragged by the lower contribution from TV and Radio segment. Pay TV ARPU increased marginally to RM100 from RM99.90. TV segment revenue continued to slide by 11.9% YoY to RM1,048m underpinned by the decline in subscription revenue, production revenue, sales of programming rights and advertising revenue. As for its Radio segment, revenue was lower by 3.4% to RM77m due to lower adex spend. Meanwhile, its Home shopping segment revenue grew marginally by 1.6% YoY to RM100.4m due to festive spending. Tactical campaigns saw Astro’s Go Shop registered customer base grew to 2.2m users.
EBITDA margin continues to show improvement. EBITDA margin (FY20: 35% vs FY19: 29%) improved on the back of lower content cost with the absence of a major sporting event, lower staff related costs as well as marketing and distribution expenses.
Lower dividend payout. Astro declared a 4th interim dividend of 1.5 sen, thus bringing the total dividend declared to 7.5 sen (FY19: 9 sen). Management decided to reduce the dividend payout to conserve cash to ride out the challenges created by the Covid-19 pandemic. Nevertheless, we understand that the group is only taking a conservative approach. Given the group’s ability to generate FCF, we believe Astro is able to maintain its minimum 75% payout dividend policy in FY22-23F. However, our FY21F DPS forecast is based on a lower payout of 65%, which still provides an attractive yield of 9.3%.
Maintain Outperform. We adjusted down our FY21-22F earnings by 6%-16% as we incorporate lower TV subscription revenue and higher content cost for FY22F given both the major sporting events (UEFA Euro and Olympics) have been postponed to 2021. Consequently, our TP has been revised down to RM1.80 (from RM2.00 previously) but we maintain our Outperform call on Astro. Given that Astro’s share price has fallen sharply by 39% to an all-time low since the release of its previous quarterly result, we opine that the stock’s valuation looks appealing, trading at 7x forward PER, which is below its -3SD of 5-year average.
Moving forward, while we remain prudent over the unprecedented challenge created by the pandemic, we continue to like Astro due to its on-going cost optimisation efforts and its ability to leverage on existing customer base to build new revenue adjacencies in its home-shopping, broadband, digital and OTT platforms. Furthermore, the group remains committed to expand its existing content library (local vernacular and international content) to further strengthen its position as Malaysia’s entertainment destination of choice.
Source: PublicInvest Research - 26 Mar 2020

Posted by Victor Yong > 2020-04-06 15:15 | Report Abuse

Fallen unreasonablly big recently. It is expected to rebound fast too :)


Date Close
03/04/2020 0.855
02/04/2020 0.86
01/04/2020 0.87
31/03/2020 0.85
30/03/2020 0.845
27/03/2020 0.88
26/03/2020 0.845
25/03/2020 0.83
24/03/2020 0.835
23/03/2020 0.71
20/03/2020 0.73
19/03/2020 0.71
18/03/2020 0.83
17/03/2020 0.865
16/03/2020 0.90
13/03/2020 0.98
12/03/2020 1.00
11/03/2020 1.08
10/03/2020 1.06
09/03/2020 1.07

Posted by Victor Yong > 2020-04-06 15:18 | Report Abuse

1.5sen interim dividend ex-date on this wednesday. tomorrow is the last day to buy if u want the dividend... now, 87.5sen.... minus 1.5sen div receivable= 86sen net haha