Astro Malaysia Holdings Bhd announced that it will revise the HD fee to RM25 from RM20 starting next month. This is the first hike in HD price since 2009. However, Astro said that the overall prices will not be impacted in 2015 once GST is implemented as the 6% of service tax will be converted into GST. (Source: New Straits Times)
Comment: We are positive on this as it will help to increase Astro’s ARPU going forward (2QFY15: RM98.0). Currently, 61% of Astro customers are subscribing to the HD package. This is consistent with management’s guidance of lifting ARPUs going forward. We have also built in a RM3 increase in blended ARPUs into our FY16 forecast to capture some of the price hikes and hence leave our forecasts unchanged for now. However worth noting is that some of the price impact may be diluted as consumers downtrade amidst rising inflation and weaker consumer sentiments. Maintain our ADD rating on Astro with a target price of RM3.70.
Source: Affin Hwang Capital Research - 12 Nov 2014
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jayrc23
I will unsubscribe...money mongers...quality the same...
2014-11-12 18:23