Star Media

Star Media

Postby winston » Wed Feb 08, 2017 8:40 am

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Aberdeen buys 5% stake in Star Media Group

PETALING JAYA: Aberdeen Asset Management Plc has emerged as a substantial shareholder in Star Media Group Bhd after acquiring some 36.9 million shares representing a 5% stake.

According to a Bursa Malaysia filing, the acquisition was made on Feb 3 via a direct business transaction. The transaction was an investment position taken in connection with Aberdeen’s ordinary business in fund management, the filing said.

Aberdeen is a well-known value investor with a concentrated portfolio in blue-chip stocks. Among its holdings are British American Tobacco (M) Bhd and Panasonic Manufacturing Malaysia Bhd.

The group utilises a bottom-up investment style, which emphasises on company fundamentals. Its fund managers tend to run a portfolio with low turnover and positions are held over the long term.

The group has US$374bil in assets under management globally, including some US$2.67bil invested in Bursa Malaysia stocks as of Dec 31, 2016.

Between Feb 3, when the stake was acquired, and Feb 7, Star Media Group’s share price rose by 4.3%.

It closed at RM2.44 per share yesterday.

Source: The Star

http://www.thestar.com.my/business/busi ... AuciuTM.99
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Re: Star Media

Postby winston » Tue Feb 28, 2017 8:36 am

Star Media Group records pre-tax profit of RM146.21mil

PETALING JAYA: Star Media Group Bhd registered a pre-tax profit of RM146.21mil on a revenue of RM932.12mil for the financial year ended Dec 31, 2016.

In the preceding year, the group’s pre-tax profit and revenue were at RM170.07mil and RM1.02bil, respectively.

Source: The Star

http://www.thestar.com.my/business/busi ... m14621mil/
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Re: Star Media

Postby winston » Sun May 07, 2017 6:10 pm

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Star Media Group gets expression of interest for its Cityneon stake

KUALA LUMPUR: Star Media Group Bhd has received an expression of interest to buy its 52.51% equity interest in Singapore-listed Cityneon Holdings Ltd.

In a filing with Bursa Malaysia, the company said its wholly-owned subsidiary, Laviani Pte Ltd, was yesterday notified by Bird & Bird ATMD LLP, a legal firm in Singapore, that its client was interested in purchasing Laviani’s 128.46 million shares in Cityneon,

“Pursuant to the above, the board will deliberate the above mentioned and an appropriate announcement will be made in due course,” it said.

Earlier in the day, Cityneon had requested for immediate suspension of its share trading on the Singapore Exchange from 3.02pm.Its shares were last traded at 95.5 Singapore cents, giving the company a market capitalisation at S$233.6mil (RM722.0mil).

Based on this, Star’s 52.51% stake is worth about S$122.7mil (RM378.8mil).

Cityneon, a full service ideas agency, has five business segments – events, exhibitions, experiential environment, interior architecture, and intellectual property rights (IPR).

The IPR segment was created through the acquisition of immersive attractions company Victory Hill Exhibitions Pte Ltd in 2015, which has the rights to hold the successful Marvel Avengers S.T.A.T.I.O.N interactive exhibition.

The IPR segment, with its 75.5% gross profit margin, fuelled a 43% growth in Cityneon’s gross profit to S$33.32mil (RM102.93mil) for the financial year ended Dec 31, 2016.

Source: The Star

http://www.thestar.com.my/business/busi ... xYUdaPm.99
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Re: Star Media

Postby winston » Thu Jul 09, 2020 9:13 am

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On stock selection, ahead of the potential snap election in 2H20, we believe media stock such as STAR (RM0.355- HLIB Research TP RM0.41) could attract further buying support, playing catch-up against active buying interest in Media Prima yesterday (+9.4% to RM0.175 with 82m shares transacted vs 90D average 12.3m shares).

Currently, Star is trading at 67% discount to its BVPS RM1.09 and 30% to its 51 sen net cash per share, grossly pricing in the industry’s structural and cyclical shifts coupled with its subdued prospects.

Moreover, potential re-development or disposal of its properties could help unlock values although it could take some time due to the prevailing sluggish property market.

To recap, its properties have not been re-valued for decades, which analysts estimated to hold a collective market value at least RM500m or 67sen per share (vs NBV RM155m).

Technically, the stock is poised for a bullish flag breakout. When the upper trendline resistance on the flag breaks above RM0.375, it will trigger the next upleg of the trend move towards RM0.40-0.44 territory.

Support is near RM0.33-0.34. Cut loss at RM0.32.

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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