Astro Malaysia

[winston]

not vested

Analysts cut earnings forecasts for Astro, softer demand expected ahead

by Anis Hazim

Net profit fell 56.75% to RM54.75 million for the fourth quarter ended Jan 31, 2023 (4QFY2023).

Lower-than-expected subscription revenue as well as higher content costs.

Source: theedgemarkets.com

https://www.theedgemarkets.com/node/661035

[winston]

not vested

Falling subscriber numbers pose risk to Astro earnings

Declining television subscribers and average revenue per user or Arpu

The company could also face higher content costs in financial year 2025 (FY25) due to the Olympic Games.

Higher depreciation costs arising from set top boxes provided to customers and 12 newly-launched transponders on the Measat 3d satellite.

Source: The Star

https://www.thestar.com.my/business/bus ... o-earnings

[winston]

not vested

A Max upgrade

We reiterate our Add call on Astro with our 86 sen DCF-based TP, supported by a FY1/24F 8.5% dividend yield and undemanding 9x P/E (FY1/24-25F).

Warner Bros. Discovery’s decision to bring its revamped Max service to AsiaPacific by 2024 is a potential re-rating catalyst.

In addition to increasing subscriber retention, tie-ups with streaming services should also lower its content cost risks, in our view.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... 7D7DCA9983

[winston]

not vested

Investors in Astro Malaysia Holdings Berhad (KLSE:ASTRO) have unfortunately lost 46% over the last five years

During the five years over which the share price declined, Astro Malaysia Holdings Berhad's earnings per share (EPS) dropped by 20% each year.

Notably, the share price has fallen at 17% per year, fairly close to the change in the EPS.

Source: Simply Wall St

https://finance.yahoo.com/news/investor ... 16827.html