Star will never recover because they are in a sunset industry, worth only 20 cents or less just like utusan. Please sell now before more losses . see my earlier comments when star was at rm2.30
Obviously the support is well established at 0.8. Seriously with P/E ratio of 7 and PB ratio of only 0.7, this is an undervalued stock and definitely a good buy for me!
Those who trying to push down the price and buy low may not be succeed because the stock has been oversold so badly, unless MCA/EPF dispose them but no trace of them doing so. :(
Gn021, I am with you. Those who are positive about media stocks, it is a good time to keep some for long term investment since the price is very fair now. Based on Roy Tan, I do also sense some good news hints coming from the group. Haha cheers!
Ermm..Where got many. We are referring to English media and news from Malaysia. If you search in google. See which one is the most come out. Don't get me wrong. :D Don't worry blueChuasoilek, MCA just a shareholder, nothing to do with the business. What they'll do is to push star to be successful.
in fact it is still profitable if you look carefully at the quarter report. Although revenue and earning drop Y-Y and Q-Q as expected. If compare to peers such as the sun daily, news strait times, they are all even worst. Besides, Star is undergo restructuring now for more lean and diversify businesses. I am optimistic about this media in future. Good news may eventually come. :D
one more hints, look at the EPF actions, they keep buying this share when the price is low for future earning! It wont hurt you much anyway at this price
Unable to accept reality is too common nowadays. A common knowledge that most people don't spend that kind of money on star newspaper anymore. There are tons of reporting coverage mentioning star's readership has plummeted to being unprofitable. People rather read news on smartphone online for free. Do u subscribe or pay for star newspaper?
yes, blueychuasoilek, I do subscribe. I am anti-electronic screen readers. You know what I mean, the uneasiness of looking too much at the phone screen. yacks
yes, investment is about one person's choice. you can decide on your own, regardless it is based on technical analysis, the company outlook or as simple as gut!
Major income from advertisement, not subscription. Ads is facing headwind from online/social media which are much more effective as they can have targeted viewer, unlike traditional media which can only target the masses.
true shpg22. The key point is the strategy they're going to apply. If the star is capable to drawn a huge viewership on the work they've published online, along with all the data on hand, the ad will no longer be a concern.
apolloang, we used to always critic the transparency of newspaper, especially when it is lopsided the government on news reporting. If we have a opposition party that fight for citizen rights, don't you think it is good for us?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Romyzam
235 posts
Posted by Romyzam > 2018-09-22 01:04 | Report Abuse
Star Media mesti menyesal jual Cityneon. Now Cityneon traded at SGD 1.20 per share with improve revenue and nett profit. Stupid decisions...