Posted by Winningpost > 2023-04-05 13:00 | Report Abuse

Astro is turning around as evidenced from the last QR on the future prospects outlined in the press release. My TP is 0.88 by May23

Posted by JohnFarmer458 > 2023-04-05 13:43 | Report Abuse

worse case scenario -> TP 85c 20% upside
medium -> TP RM1 40% upside
best care scenario TP RM1.10 50% upside

Bottom is 69c .

Read between the line, no dividend for recent quarter because privitisation is coming

Posted by TerrenceLim > 2023-04-06 19:56 | Report Abuse

Will announce in this month

Posted by BuySoLow SellEvenLower > 2023-04-07 15:38 | Report Abuse

Buy Astro now before it get privatised later just like Bstead.

Posted by ganzgraphy > 2023-04-07 15:56 | Report Abuse

@BuySoLow, How you know its going to be privatised?

Posted by nicholas99 > 2023-04-07 15:56 | Report Abuse

that indian will privatise ke?

Posted by cherry88 > 2023-04-07 15:59 | Report Abuse

https://www.freemalaysiatoday.com/category/highlight/2023/03/10/astro-dismisses-privatisation-speculation-amid-stock-rally/

Posted by TerrenceLim > 2023-04-10 07:57 | Report Abuse

Will announce in 2 weeks time
Last chance to buy

Posted by speakup > 2023-04-10 08:14 | Report Abuse

if not because of movie streaming like Netflix, Hotstar, Astro may privatise.
Really who on earth will wan buy a sunset biz???

Posted by skyinvestor > 2023-04-10 08:31 | Report Abuse

so the privatisation is not a rumour but real?

Posted by Income > 2023-04-10 08:37 | Report Abuse

I better buy Netflix than Astro???

Posted by skyinvestor > 2023-04-10 08:43 | Report Abuse

but netflix now trading quite high since beginning of this year, gone up quite a lot

Posted by Investsmart60 > 2023-04-10 09:34 | Report Abuse

Rumour. Not easy to privatise unless already got a ready buyer. But who wants to buy

Posted by hhhiii123 > 2023-04-10 19:02 | Report Abuse

Will maxis buy Astro?

Posted by DickyMe > 2023-04-10 19:10 | Report Abuse

Why buy a doomed business?

Posted by BobAxelrod33 > 2023-04-10 19:13 | Report Abuse

Astro? You mean that UFO dish on roof tops???? Think it went out with the dinosaurs.....hahaha

Posted by Investsmart60 > 2023-04-10 21:45 | Report Abuse

Why maxis wants to get their hands dirty into such a messy company

Posted by speakup > 2023-04-11 07:47 | Report Abuse

Terrestrial TV (Astro) is old model now technology replaced by Internet TV Steaming (Netflix, Hotstar)
Astro is in sunset biz. Slow death.

Posted by speakup > 2023-04-11 07:48 | Report Abuse

Tak percaya?
Ask yourself how many your friends still got Astro? And how many your friends now using Netflix, Hotstar?
The answer is obvious!

Posted by speakup > 2023-04-11 07:51 | Report Abuse

investing in Astro is like investing in Nokia when Andriod phones already come out into market

Posted by diggiediggiedang > 2023-04-11 10:03 | Report Abuse

In case you don't know. Astro offers Netflix/Disney HS/HBO as well. Rather than paying all 3 and have 3 different interface, you can just subscribe to astro package and view everything on a single platform. They've also allow mobile streaming. Do read up what's their plan in annual report.

Also, don't forget, astro is strong in their sports content offering. Their astro go shop is also growing. They've also offers local content i.e. their radio station. Hitz, MY, ERA, Lite, Melody etc.

Don't confuse by one of their transmission technology (dish) with the nature of their business. They have already pivoted to include broadband albeit HSBB is still fairly price inhibiting to most consumer (not referring to those unifi 30mbps but rather 300/500mbps which is required to stream 4k content). Believe they will indirectly benefit as gov continues to lower broadband prices across the board.

Posted by Investsmart60 > 2023-04-11 10:36 | Report Abuse

Dont forget ppl can subscribe seprately and not have to pay such a high price for channels they dont need. Also unifi aso start launching a lot of content and apps at a much lower price as well. So astro is not competitive.

Posted by brandon99 > 2023-04-11 10:44 | Report Abuse

The profit now depends on the massive cost cutting steps taken by the new Kwailou CEO.

Posted by brandon99 > 2023-04-11 10:44 | Report Abuse

The profit now depends on the massive cost cutting steps taken by the new Kwailou CEO.

Posted by Investsmart60 > 2023-04-11 11:45 | Report Abuse

That kwailou dont know can last how long

Posted by DividendGuy67 > 2023-04-11 17:35 | Report Abuse

Privatisation is fake news. Why would anyone buy a sunset business at even 80 sen, when Net Assets is only 20 sen? Astro has huge debts, why would any private person buy that massive debt? What special thing can any private investor do to Astro that it couldn't do when it is public? Astro stops dividend payments because it has to conserve cash to simply survive. Privatisation here simply does not make any commercial sense at all! I wish Astro can rise to 80 sen but right now, it's hope at best. Anyway, here's "hoping" for privatisation, but seriously, why would anyone privatise this sunset business?

Posted by DividendGuy67 > 2023-04-11 17:44 | Report Abuse

At 69.5 sen, Astro is valued at RM3.6 billion. Pay TV contributes 90% of its total revenues. It supplies 5.7 million homes. So, each home has to roughly generate RM3.6 billion / 5.7 million homes = RM631 net profit over say next 10-20 years.

I suppose if there is a private investor who believe they can double that, then, they might offer something a little bit higher than 70 sen, but they won't offer RM1.40 because they have to do a whole lot of work and they need to be rewarded.

I think the market price of 70 sen is about right, but the "hope" is if/when a bidder comes in, then, for a short while, price might get frenzied and ridiculous and it's then time to dispose.

Posted by DividendGuy67 > 2023-04-11 17:47 | Report Abuse

It'll be funny if a bidder waits for 6 months and then comes in and offer say 20% higher than the average market price over the past 12 months near 70 sen. Then, those speculators who jumped in on privatization news might have to dispose at a loss, causing Astro to fall back to 60 sen again.

Posted by DividendGuy67 > 2023-04-11 17:47 | Report Abuse

How many bidders are there in the market today to privatise Astro? If there is only 1, why pay double when an offer like 20% higher should be enough?

Posted by DividendGuy67 > 2023-04-11 18:00 | Report Abuse

That new kwailou CEO won't be able to make any difference to the sunset industry anyway, so, wait for another 6-12 months, the stock goes no where, and the bidder eventually comes in and offer 20% higher when the new kwailou CEO keeps bleeding the company to death ....

Posted by DividendGuy67 > 2023-04-11 18:01 | Report Abuse

The private investor is now frantically revising its offer after reading this ... LOL.

Posted by DividendGuy67 > 2023-04-11 18:11 | Report Abuse

It is amazing how many gullible people are out there saying things like "no dividend this quarter because privatisation is coming". That is just silly and show zero understanding on how the Board and Senior Management works. Let's say Board and Senior management are fully aware of a privatization coming. They then inform Bursa that they have received nothing when Bursa asks a few days ago. If they stop there, and later a privatisation comes, all the Board members are probably unfit to become Board members and Senior Management will be put on a hot spot. Meaning, now that Bursa has clarified, any privatisation now have to wait for at least another 6 months so that the market forgets. it also benefits the private investor to wait another 6-12 months to let Astro die a slow death, especially after it falls below 60 sen in 1-2 months time when there's no privatisation ... LOL

Posted by DividendGuy67 > 2023-04-11 18:18 | Report Abuse

In short, I own ASTRO, but I am not buying any more due to this silly rumour. I'm a value investor who loves high dividend yield stocks when nobody else wants them, I love stocks on the cheap, but I have enough cheap ASTRO and disappointed that they had to conserve cash desperately and stopped dividends for the first time in Astro's very long consistent paying dividend history. The new Kwailou CEO is probably the cause of this, they don't really care much about history, which means Astro is either going to go up in a big way, or go down in a big way when the CEO is desperate. Oh, he will get desperate - just give him time to hang himself. I think 12 months should do it. 12 months is also good for the private investor.

Posted by DividendGuy67 > 2023-04-11 19:13 | Report Abuse

I like AmInvest coverage of Astro end March 2023.
Investment Highlights
We downgrade Astro Malaysia (Astro) to HOLD with a lower DCF-derived fair value (FV) of RM0.68/share (vs RM1.02/share previously). Our FV ... implies a FY24F PE of 9x, near its 5-year low of 8x.
:
Astro did not declare a dividend for 4QFY23. DPS for FY23 amounted to 3 sen (FY22: 6.8 sen) in total. This translates to a pay-out ratio of 60% and is a departure from the minimum pay-out policy of 75%. Management intends to resume dividend payments in FY24F. Looking ahead, Astro offers FY24F-26F dividend yields of 6%-7% based on a pay-out ratio of 60%.
:
TV’s PBT halved YoY to RM266mil in FY23 due to decreased subscription and TV ad revenue, as well as higher broadband cost and content cost.

The only reason I haven't sold Astro is because getting 5% dividend yield is decent, if Astro is near bottom. One reason to think it may be near bottom is because Analysts have finally start to catch up with the declining price. The past few years, analysts are always constant calling Buy, Buy, Buy, with TP higher than current price. But we are now starting to see Analyst TP being lower than Astro's current price. May not be bottom yet, but one more push to the bottom. When majority of analysts starts to be negative on Astro, that's when the bottom is near.

Posted by ChongLeeWoon > 2023-04-16 20:47 | Report Abuse

This DividendGuy67 really spend so much effort to persuade people that this is a sunset business that nobody would want to take it p*****e. Ask people sell and go away, unless they are 'value investor' like him/herself.

The more you talk, the more people can see your intentions. Want buy cheap just say so la...

Posted by TerrenceLim > 2023-04-17 10:54 | Report Abuse

Will annouce this week

Posted by bigBOSSguy > 2023-04-17 16:47 | Report Abuse

april already and zero dividend...soon may 2023. from 0.01 cents to 0.007 cents the last time....this is crumbling down

Posted by brandon99 > 2023-04-18 09:33 | Report Abuse

It's a sunset streaming/broadcast platform. Lost in war of piracy.

Movie making and online shopping department still good.

Video quality better than TV boxes but lack of genuine 4k content which is not very different FHD content.

Promoting and discovering local artists. It's a stepping stone for talents. Without Astro talents need to travel to China or Singapore as stepping stone. The piracy is really hurting local talents and authority is not helping. TV box buyers are sponsoring China and indirectly supporting Putin (it's fine with many Malaysians as China/Russia can help punishing the money printing bully according to some's logic).

Posted by Investsmart60 > 2023-04-18 12:54 | Report Abuse

Advice I always give kids: will your money get higher returns elsewhere? If yes then sell and reinvest.

Posted by nelsonlim > 2023-04-18 16:03 | Report Abuse

astro breakout

Posted by cherry88 > 2023-04-18 16:37 | Report Abuse

According to CIMB research today (18/4), it affirms its target price of RM0.86... A MAX upgrade. The report also hints "A potential re-rating catalyst is privatisations in the media sector boosting interest in Astro" ! Collect now before too late

Posted by Investsmart60 > 2023-04-18 17:00 | Report Abuse

Another advice I give to kids: dont buy on speculation. Not much difference from going to genting.

Posted by Hoot9ee > 2023-04-18 19:54 | Report Abuse

why people still buying this based on privatise rumour while Astro already denied receiving confirmation of a privatisation proposal on 10th Mar.. LOL

Posted by birkincollector > 2023-04-18 21:43 | Report Abuse

since when u see companies admitted to any rumours in early stage?

Posted by Vhydro > 2023-04-18 23:11 | Report Abuse

My advice to kids: Genting is a good place as it can teach us some valuable lesson.
So please let them learn the life lesson as early as possible.

Posted by Investsmart60 > 2023-04-19 10:37 | Report Abuse

U dont need to put ur hand into hot oil to know that it is a bad idea.

Posted by Hoot9ee > 2023-04-19 14:40 | Report Abuse

goodluck to those who believe in privatisation lol

Posted by brandon99 > 2023-04-19 14:54 | Report Abuse

Privatisation is no longer a hype now. Maybe people are expecting a better performance of a kwailou. Kuku from other countries are longer mah.

Posted by Hoot9ee > 2023-04-19 15:55 | Report Abuse

kwailou doesnt understand local market needs and culture, how do you think? hahaha

Posted by birkincollector > 2023-04-26 10:46 | Report Abuse

The STAR sunset business also Tong wanna buy and people push....whens ASTRO turn? lol