today closed rm3.02

tomorrow close rm3.05

tomorrow closing 3.08 or 3.00

Affin Research keeps Add rating on Astro, FV RM3.12

we believe the premium valuations will hold considering: 1) Astro is undergoing a transitionary earnings set back as a result of its B.yond set-top box migration; and 2) Astro will retain its dominant position in the Malaysian pay TV scene driven by its growth strategy," said the research house.

http://biz.thestar.com.my/news/story.asp?f...49&sec=business

Astro included into MSCI Malaysia Index

Astro Malaysia Holdings Bhd will be included as a component of the 42-stock MSCI Malaysia Index with effect from May 31.

MSCI Inc said on Thursday that following Astro's inclusion into the index, Malaysia Marine and Heavy Engineering will be removed.

The MSCI Malaysia Index measures the performance of the large and mid capitalised segments of the Malaysian market. With 42 constituents, the index covers about 85% of the Malaysian equity universe.

The top 10 constituents are Malayan Banking, CIMB Group Holdings, Sime Darby, Tenaga Nasional, Genting Bhd, Petronas Chemicals Group, Public Bank, Axiata Group, IOI Corp and Maxis.

Astro Malaysia Holdings Bhd’s subscription-free satellite TV service NJOI is expected to see positive viewership growth this year following the launch of additional channels via its latest prepaid offerings.

While Astro is a pay TV service with a monthly payment basis, NJOI is subscription-free with budgeted programmes for which subscribers make a one-time payment of RM308 plus an installation fee of RM100.

NJOI vice-president of business segment Shaiful Subhan said the service has attracted 209,000 customers since the commercial launch.

Both existing and new customers can now choose additional programmes on a per channel basis (a la carte) with the new prepaid credit of RM5, RM10 or RM20.

The programmes cost RM2-RM15 for a duration of two days to one month.

T. Rowe Price Associates Inc become as Substantial Shareholder in Astro Malaysia with 263,018,400 shares or 5.06% interest.

http://www.bursamalaysia.com/market/listed...cements/1313501

This post has been edited by davinz18: Jun 5 2013, 06:13 PM

don't understand

profit taking session

Maybe. Who knows what the "big fish" next move

Yup, they always keep long term. If not mistaken in Airasia also they one of the top 5 shareholders.


T. Rowe Price bought additional 4,577,900 shares, increasing to 5.15% from 5.06%.

This post has been edited by davinz18: Jun 6 2013, 06:05 PM

First Interim Single-Tier Dividend of 2 sen per ordinary share of RM0.10 each

EX-date 26/06/2013
Entitlement date 28/06/2013
Payment date 15/07/2013

Affin Research maintains "Add" on Astro, raised TP to RM3.25

“Core earnings was weaker on-year largely due to earnings before interest, taxes, depreciation and amortization margin contraction from 34.7% in 1Q13 to 33.9% this quarter and higher depreciation charges as a result of the accelerated amortization from its B.yond set top box swap.

“1Q14 revenue growth was driven by net adds of 457.2k, bringing its total sub base to 3.58 million and firmer average revenue per user of RM94.20 vs RM90.30 in 1Q13,”

Astro aims double digit growth

Astro Malaysia Holdings is targeting a double digit growth by the end of the this financial year on the back of it's newly launched 11 new channels under the segmentized Value Packs offering and the rapid growth of its subscription base.

Speaking at the launch of its third Astro Lifestyle Centre at Mid Valley, its chief commercial offer Liew Swee Lin said as of now, Astro already has 3.8 million customers and targeting a 100 per cent growth to 3.6 million customers by January 31 2014.

"We have seen substantial growth within the last two years. We have also seen an additional 90,000 customers just for the first quarter this year and averaging at 10,000 new customers a month.

"We expect to see an additional 3.6 million customers by the end of this financial year," she said.

Alliance raises TP of Astro after subscription price hike

Alliance Research has maintained its neutral call on Astro Malaysia Holdings Bhd but with a higher target price of RM3.10 (from RM3.06 previously), saying the positive impact to its earnings forecasts as the result of its subscription price hike is relatively minimal.

The research house in a note today said effective November 24, 2013, Astro is hiking the price for its compulsory “Family Pack” by additional RM2/month (to RM39.95).

It added that the price for its “Sport Pack” is also raised by additional RM6/month in order to pass on escalating content costs to customers.

CIMB raises Astro’s TP to RM3.52 on price hike

CIMB Investment Bank Bhd has maintained its ‘outperform’ call on Astro Malaysia Holdings Bhd, but raised its target price (TP) to RM3.52 after Astro said it will raise prices effective Nov 24 this year.

Astro has told subscribers it will raise the price of its family pack by RM2 per month and the sport package by RM6 per month due to the rise in content cost.

CIMB IB’s head of research Terence Wong said he has raised his FY14-16 net profit forecasts by 2-3%, after factoring in the offsetting effect of a potential rise in the churn rate.

“Our discounted cash flow based TP increases accordingly to RM3.52 from RM3.44 as Astro remains an ‘outperform’,” said Wong.

“The high definition set-top box swaps and Maxis’ IPTV products will help lift revenue and act as stock catalysts.”

Wong said he is not surprised by the price increase as the company has been absorbing the increase in cost

Astro CEO Rohana wins Asia Business Leader Award

Datuk Rohana Rozhan, the CEO of Astro Malaysia Holdings Berhad (Astro), received CNBC’s Asia Business Leader Award (ABLA) for Corporate Social Responsibility in Bangkok, Thailand, yesterday.

The CSR award was granted to Rohana “in recognition of her devotion to educational, environmental and societal issues, and integrating social responsibility into business objectives”, said an Astro press release.

Rohana leads the Kampus Astro and Astro Tutor initiatives with the aim of supporting primary and secondary school students in Malaysia.

The Kampus Astro initiative provides a ‘Set Kampus’ to public schools, which comprises a decoder and a television unit for learning purposes, while the Astro Tutor initiative provides educational programmes to supplement the education of primary and secondary school students.

“All of us at Astro realize that we are in a unique position to make a difference in the lives of the communities we are privileged to serve,” said Rohana.

agreed

Astro appoints ex-banker Yvonne Chia as director

Astro Malaysia Holdings Bhd has appointed Datuk Yvonne Chia as an independent non-executive director according to its statement to the bourse today.

Datuk Yvonne was the first woman in Malaysia to become the chief executive officer (CEO) of a bank, according to Forbes, serving as the CEO of RHB Bank Bhd from 1996 to 2002.

She was also the group managing director and CEO of Hong Leong Bank until 30 June 2013, and was a director for Hong Leong Financial Group, Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd.

She is currently on the board of directors for Shell Refining Company (Federation of Malaya) Bhd.

Home shopping Channel? Got prospect in Malaysia?