Media Prima

Media Prima

Postby winston » Wed Apr 29, 2020 10:00 am

not vested

Trading Buy: MEDIA - 4502
Negatives priced in and deep discount to asset value

(Last price: RM0.150, Potential upside +46.7%)


Company Profile

Media Prima (MEDIA) primarily provides media broadcasting, newspaper publication, outdoor advertising and content production.


Trading Catalyst

MEDIA’s risk-reward profile is increasingly attractive after sliding 71% from a 52-week high of RM0.52 to RM0.15.

Valuations are attractive as the stock is trading at deep discounts of 72% to BVPS of RM0.54 (-33% to peers) and 34% to netcash per share (NCPS) of RM0.227 (-34% to peers), respectively.

Moreover, current share price is considerably lower against major shareholders i.e. Syed Mokhtar (bought 31.9% stake on 8 Oct 2019) and Morgan Stanley (12.8% stake accumulated since Apr 2017) entry costs.

MEDIA is expected to challenge higher resistances at RM0.17-0.22 in the mid to long term, following a bullish downtrend line breakout on 17 Apr.

Technical View
Resistance: RM0.170 / RM0.200 / RM0.220
Support: RM0.135 / RM0.120
Cut loss: RM0.115

Key Financial Stats
Trading at 72% lower than its BVPS (RM0.54) and 34% discount to its NCPS (RM0.227).

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Media Prima

Postby winston » Thu Apr 30, 2020 9:37 am

not vested

EPF cuts stake in Media Prima by 8% in past three weeks, no longer a substantial shareholder

by Syahirah Syed Jaafar

KUALA LUMPUR (April 29): The Employees Provident Fund (EPF), a substantial shareholder of Media Prima Bhd, has been paring down its stake in the media group although its share price is currently hovering at a five-year low.

The provident fund, according to recent Bursa filings, has been reducing its equity interest in Media Prima over the past few months.

The share sale intensified in the last three weeks, with a total of 89.24 million shares disposed of since April 8, trimming the group’s stake from 11.6% to 3.6% during the period.

This includes a sale of 17.66 million shares on April 24, following which EPF has ceased to be a substantial shareholder of Media Prima. Prior to this sale, the fund’s stake stood at 5.21%.

Aurora Mulia Sdn Bhd, a vehicle related to billionaire Tan Sri Syed Mokhtar Albukhary, remains Media Prima’s single largest shareholder with a 31% equity interest, while Morgan Stanley remains a substantial shareholder with a 12.8% stake.

Media Prima shares are currently trading at a five-year low of 16 sen. At this price, the group is valued at RM177.47 million.

For the financial year ended Dec 31, 2019, Media Prima reported a net loss of RM177.85 million, versus a net profit of RM58.62 million for the previous year.

The group’s net assets per share was last reported at 54 sen.

Source: The Edge

https://www.theedgemarkets.com/article/ ... price-rise
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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