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
On what basis you say they are worth at least twice? Tv side is starting to be loss making. Huge debt. Negative current assets. Nta 20sen. No sight of any upsides on the core biz. Can pls help explain?
Apologies if I ruffled some feathers but I find it really comical when “pundits” give predictions without any basis. One day up wahhhh will double triple. When down, dont worry mr rambo will take care. Isnt ot amusing. I have learnt not to read comments here because it is not a serious place for that. Keep having fun!
When were they right before? Anyways still more serious than “Dont worry! Mr Rambo will save the day!” Hahahaha. Jokers. Anyways i will leave it as it is now.
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)
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
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 Youre using outdated data to evaluate Astro, by the time the result starts showing the share price would already moved.
The only chance to recover the share price is privatisation offer from Maxis, hope it will happen soon because I believe that Maxis has to do so to stay competitive in the market and avoid Astro compete the same customer cluster. Q3 result should be bad again given high forex loss and VSS package, hmm
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....
SHOB
608 posts
Posted by SHOB > 2023-09-06 13:29 | Report Abuse
strong support at 0.50