This Q3 result is not bad lah with only a small drop of 5% in TV subscription revenue from last year, compared to almost 10% drop p.a. in past 5 years. Q3 earning was dragged down by higher content costs (due to major sports events) and royalty fee compared to last year.
Earnings in this Q3 are 21% higher than Q2 thought August was still in lockdown. Radio earning was dragged down by higher marketing expenses, licence and royalty fees compared to Q2, which I hope will not recur in Q4.
In the absence of high content costs and additional licence & royalty fees, Astro Q4 earnings should be much better with the reopening of almost all economic sectors from Nov.
Hope it can register net profit of over RM150 million in Q4 then. Operating cash flows are strong and will enable a 4th dividend of 1.5 sen plus final dividend of 2.0 sen, making full year dividends of 8.0 sen yielding over 8.0%. Safe bet at RM0.96.
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....