shortinvestor77 Henry Tan said: “In light of the challenges, we are implementing a strategic review of our business and organisational structure; including deeper cost rationalisation and workforce optimisation, which will incur one-off costs in the coming months. 05/12/2018 22:16 X shortinvestor77 Next (next) Qs will have one-off costs most likely VSS or MSS for staff. High cost. Extremely bad! 05/12/2018 22:18 07/12/2018 21:43
Beza Ya lah! They analysts also want to make money, not just retail investors mah! They use their position to take all advantages. Be careful. 06/12/2018 09:28
Normally only redundant staff will be accepted to take VSS. For the key person if you want to take also got no chance. Let say 15% of staff will be offered with VSS, the conservative estimation of compensation amount will fetch around 40 to 60 million. Big portion of compensation amount will be offset and mitigated by lesser forex loss expected on coming quarter.
The reduced overhead cost will have much cost saving in later quarter compare to one time compensation. That's actually a good thing to astro.
Competition getting stiff for digital business as more player is expected to do same business. Getting slim, efficient to stay competitive is very much relevant now. Astro will suffocate if not doing anything as loss of status of monopoly. Is irreversible.
Not just sentiments but guess it's turning the corner with 1) its venture into broadband bundle, which will not just stamp the decline in subscription revenue but may boost it instead as more NJOI non-subscription based customer may switch into the subscription based broadband bundle. 2) Recent trend reversal in the US$ strength is rather obvious. Astro would stand to benefit from the lower cost as a result as 2/3 of its content cost is US$ base. Hence, its bottom line will be lifted. 3) Its major shareholder, AK is raising capital by selling its tropical resort in Germany. And he has been doing sizeable buy-back on Astro in 4Q2018. Current depressed Astro share price presents an attractive level for AK to initiate taking Astro private. So, it just a matter of timing. 4) Institutional investors, like EPF continues to add positions on Astro as risk/ reward is clearly irresistible. Astro pays 10 cents annual dividends payable quarterly, giving a yield of more than 6% p.a. So, to the least, investor is paid more than adequately to hold the stock while waiting for all the expected stories to eventually roll out.
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....
MrKiaSi
21 posts
Posted by MrKiaSi > 2018-12-07 17:49 | Report Abuse
EPF bought its good. EPF will boots up the price.