Based on Public bank research(released today) if it breaks 0.475 then it should go to 0.50-0.53,lets see! Another 4 cents for very short term or more to 0.63 (by CIMB)
Prospect for media is not good but the cash value is already > 0.50 and market value for its properties is > 1.00. It certainly does not warrant the current share price of < 0.50 as Media is a very strategic Asset.
ku sependapat dengan analyst "But analysts that The Edge spoke to do not think MCA, which owns 43.1% of Star, will take the privatisation route.“Ideally, considering its current valuation, Star should be privatised. But does MCA have the money for it? Star is generating good dividends for the political party when its other businesses are either loss-making or making meagre profits,” remarks an analyst.
STAR boleh ubah business, media kepada film industry maybe, something macam ASTRO SHAW dok buat sekarang. Nak take private tu baik jangan. MCA ini parti politik. Dah jadi opposition pulok.
Positive... cash balance is still able to support for quite some times. "Beautiful current ratio". Small loans. Negative... Strong political link and unfortunately is belonged to opposition. Business model outdated unless formulate a workable strategy to add value. Excessive high current assets which post written off risk as lack of info on its quality.
Unless goreng, fundamentals remain far far away unless got hidden quality assets.
I can agree that Star print media business outlook is not good but even so it should not be at current price based on “Fundamentals”. As I said previously when Star was sold down to a Low of 0.41, it’s cash value is already > 0.50 and market value for its properties is > 1.00. These are real and not hidden assets ! It certainly does not warrant the current share price of < 0.50 as Media sector is a very strategic Asset.
Time & Tide Waits For No Man as it is just a matter of time that it will head back towards 0.60, 0.70, 080, ..... levels etc. Value Investors will definitely swoop in at such “undervalue price”. Perfect candidate for “bottom fishing” strategy even in such volatile and uncertain economic conditions.
Big funds selling, sabar first afterall is a sunset industry like sasbadi. Unless management have a better vision, otherwise value will evaporate slowly.
Now CGS-CIMB and Maybank IB rated Star Media as No 6 in Top Dividend Play with a yield of 7.1% and Consensus Target Price of $0.45. With current share price of $0.42 cents and a asset backing which is at least 2X current share price, I will just buy more and keep. The mgmt seems to be doing something to improve the performance. The Events & Exhibition Division seems to be contributing much more revenue. Star Biz had being revamp and Biz News more eye catching. The stock quote table have being removed, cos its easily available online.
What is 7.1% pa yield leh ??? Paying about a far cry from the heydays of only 3 sen dividend mah...!!
That also this dividend of 3 sen is unstable with following revenue and profits plus depletion of cash mah...!!
Posted by linheng > Feb 8, 2020 11:32 AM | Report Abuse
Now CGS-CIMB and Maybank IB rated Star Media as No 6 in Top Dividend Play with a yield of 7.1% and Consensus Target Price of $0.45. With current share price of $0.42 cents and a asset backing which is at least 2X current share price, I will just buy more and keep. The mgmt seems to be doing something to improve the performance. The Events & Exhibition Division seems to be contributing much more revenue. Star Biz had being revamp and Biz News more eye catching. The stock quote table have being removed, cos its easily available online.
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....
future
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Posted by future > 2019-12-13 16:58 | Report Abuse
https://klse.i3investor.com/blogs/PublicInvest/247192.jsp