Posted by Victor Yong > 2020-04-06 15:19 | Report Abuse

Look fantastic, recent announcements :)



Friday, 3 Apr 2020

5:12PM ASTRO EMPLOYEES PROVIDENT FUND BOARD ("EPF") (500,000 units Acquired)



Friday, 27 Mar 2020

6:24PM ASTRO DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)

6:23PM ASTRO YVONNE CHIA (100,000 units Acquired)


Thursday, 26 Mar 2020

2:40PM ASTRO ASTRO - Notice of Book Closure


Wednesday, 25 Mar 2020

5:19PM ASTRO Fourth Interim Dividend

5:14PM ASTRO Financial year end net profit 644.615 million (increased 39.88%)

Posted by Victor Yong > 2020-04-06 15:21 | Report Abuse

It is very likely now :)


Report: Ananda Krishnan mulls privatising Astro | The Star ...www.thestar.com.my › business › business-news › 2018/06/06 › repo...
Jun 6, 2018 - KUALA LUMPUR: Billionaire T Ananda Krishnan (pic) is weighing the possibility of taking Astro Malaysia Holdings Bhd private after shares of the pay-TV operator dropped to a record low, people familiar with the matter said. The tycoon has revived deliberations about a buyout of ...

'Financially feasible' for Ananda to take Astro private again ...www.thestar.com.my › business › business-news › 2018/11/02 › finan...
Nov 2, 2018 - PETALING JAYA: It would be financially feasible should tycoon Tan Sri Ananda Krishnan, Khazanah Nasional Bhd, and bumiputra foundations decide to take Astro Malaysia Holdings Bhd private again, at a share price of up to RM2. ... Ananda, Khazanah Nasional and bumiputra foundations ...

Ananda Krishnan mulls privatising Astro, sources say | New ...www.nst.com.my › business › 2018/06 › ananda-krishnan-mulls-priv...
Jun 5, 2018 - KUALA LUMPUR (Bloomberg) -- Billionaire T. Ananda Krishnan is weighing the possibility of taking Astro Malaysia Holdings Bhd private after ..

Posted by Victor Yong > 2020-04-06 15:55 | Report Abuse

Be strong :)


Malaysia’s third richest man Ananda Krishnan, who lost an estimated RM2.56 billion. This came from telecommunications company Maxis Bhd where he holds 62.34%; media firm Astro Malaysia Holdings Bhd in which he controls 41.29%; and oilfield services-provider Bumi Armada Bhd where he has 34.86%.

The bulk of his losses, some RM1.16 billion, came from Astro, as its share price has sunk 43% YTD. While shares in Maxis have only dipped 2% YTD, Bumi Armada’s shares plunged by as much as 75% to close at 14 sen last Friday.

Posted by Victor Yong > 2020-04-06 16:45 | Report Abuse

Astro should carry out share buyback, dividend can be paid in share dividend or cash dividend or both

Posted by Victor Yong > 2020-04-06 17:36 | Report Abuse

CIMB, bank Islam, alliance bank, etc were also closed accordingly for sanitizing recently, no big deal. This is the norm for many companies for 2020 :)

Posted by Victor Yong > 2020-04-07 10:52 | Report Abuse

Date Open Price Target Price Upside/Downside Price Call Source News
26/03/2020 0.84 1.80 +0.96 (114.29%) BUY PUBLIC BANK

Posted by Victor Yong > 2020-04-07 10:54 | Report Abuse

last day to buy in order to receive dividend this month :)

Ann. Date
Ex Date
Type
Subject
Amount
View
25-Mar-2020 08-Apr-2020 DIVIDEND Fourth Interim Dividend RM 0.0150 Dividend Detail

Posted by Victor Yong > 2020-04-07 11:07 | Report Abuse

delist at RM1.50 now, relist later at RM2, fast money for ananda :)

Astro is a 'total return stock' when it is still trading below its relisting price of RM3 per share

Posted by Victor Yong > 2020-04-07 11:15 | Report Abuse

even after MCO, cinema will become sunset industry, astro will become sunrise industry again e.g. entertainment at home, office, everywhere using mobile phone, laptop, tablet, etc :)

Posted by Victor Yong > 2020-04-07 11:17 | Report Abuse

Recent direct business transactions from the beginning till now :)

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
12/02/2020 00:00:00 1.2300 - 4.530m 4.530m 5.571m 5.571m 1.2300 0.0869 -
20/01/2020 00:00:00 1.2600 - 9.541m 9.541m 12.022m 12.022m 1.2600 0.1830 -
12/12/2019 00:00:00 1.3500 - 291,600 320,350 393,660 432,473 1.3500 0.0056 -
12/12/2019 00:00:00 1.3500 - 28,750 320,350 38,813 432,473 1.3500 0.0006 -
19/11/2019 00:00:00 1.4200 - 10.000m 10.000m 14.200m 14.200m 1.4200 0.1918 -
30/09/2019 00:00:00 1.4700 -0.0400 2.500m 2.500m 3.675m 3.675m 1.4700 0.0479 -
20/09/2019 00:00:00 1.4300 0.0100 3.500m 3.500m 5.005m 5.005m 1.4300 0.0671 -
21/02/2019 00:00:00 1.6600 - 519,200 519,200 861,872 861,872 1.6600 0.0100 -
19/02/2019 00:00:00 1.6200 0.0100 3.694m 3.694m 5.985m 5.985m 1.6200 0.0708 -
15/02/2019 00:00:00 1.5700 - 325,000 325,000 510,250 510,250 1.5700 0.0062 -
15/01/2019 00:00:00 1.5300 0.0400 100,000 100,000 153,000 153,000 1.5300 0.0019 -
23/05/2018 00:00:00 1.7700 0.2400 50,000 50,000 88,500 88,500 1.7700 0.0010 -
02/08/2017 00:00:00 2.6000 - 39,000 39,000 101,400 101,400 2.6000 0.0007 -
17/07/2017 00:00:00 2.5800 0.0200 38,000 38,000 98,040 98,040 2.5800 0.0007 -
13/07/2017 00:00:00 2.5700 -0.0300 38,300 38,300 98,431 98,431 2.5700 0.0007 -
10/07/2017 00:00:00 2.1800 -0.3800 80,000 80,000 174,400 174,400 2.1800 0.0015 -
07/07/2017 00:00:00 2.5700 -0.0100 38,300 38,300 98,431 98,431 2.5700 0.0007 -
23/01/2017 00:00:00 2.7400 0.0100 4.697m 4.697m 12.870m 12.870m 2.7400 0.0902 -
11/05/2016 00:00:00 2.6750 0.0050 8.491m 8.491m 22.714m 22.714m 2.6750 0.1631 -
22/03/2016 00:00:00 2.9500 0.0300 50,000 122,000 147,500 359,900 2.9500 0.0010 -
22/03/2016 00:00:00 2.9500 0.0300 72,000 122,000 212,400 359,900 2.9500 0.0014 -
21/03/2016 00:00:00 2.9100 0.0100 85,000 85,000 247,350 247,350 2.9100 0.0016 -
29/12/2015 00:00:00 2.3300 -0.3800 27,000 53,000 62,910 123,490 2.3300 0.0005 -
29/12/2015 00:00:00 2.3300 -0.3800 26,000 53,000 60,580 123,490 2.3300 0.0005 -
03/04/2015 00:00:00 3.2300 - 851,300 851,300 2.750m 2.750m 3.2300 0.0164 -
04/11/2014 00:00:00 3.3500 0.0600 72,000 72,000 241,200 241,200 3.3500 0.0014 -
03/11/2014 00:00:00 3.3000 - 50,000 50,000 165,000 165,000 3.3000 0.0010 -
07/07/2014 00:00:00 3.0000 -0.3900 500,000 500,000 1.500m 1.500m 3.0000 0.0096 -
08/05/2014 00:00:00 3.2850 0.0650 8.491m 8.491m 27.893m 27.893m 3.2850 0.1633 -
26/03/2014 00:00:00 3.1600 - 25,000 25,000 79,000 79,000 3.1600 0.0005 -
05/03/2014 00:00:00 3.4000 0.2700 8,000 8,000 27,200 27,200 3.4000 0.0002 -
25/02/2014 00:00:00 3.0200 0.0200 150,000 150,000 453,000 453,000 3.0200 0.0029 -
15/01/2014 00:00:00 3.0300 0.0200 50,000 410,000 151,500 1.242m 3.0300 0.0010 -
15/01/2014 00:00:00 3.0300 0.0200 72,000 410,000 218,160 1.242m 3.0300 0.0014 -
15/01/2014 00:00:00 3.0300 0.0200 72,000 410,000 218,160 1.242m 3.0300 0.0014 -
15/01/2014 00:00:00 3.0300 0.0200 72,000 410,000 218,160 1.242m 3.0300 0.0014 -
15/01/2014 00:00:00 3.0300 0.0200 72,000 410,000 218,160 1.242m 3.0300 0.0014 -
15/01/2014 00:00:00 3.0300 0.0200 72,000 410,000 218,160 1.242m 3.0300 0.0014 -
19/12/2013 00:00:00 3.0000 0.0100 20,000 20,000 60,000 60,000 3.0000 0.0004 -
15/11/2013 00:00:00 2.8200 -0.0100 8.632m 8.632m 24.343m 24.343m 2.8200 0.1661 -
26/09/2013 00:00:00 2.9400 0.0300 30,000 40,000 88,200 117,600 2.9400 0.0006 Cross Trade
26/09/2013 00:00:00 2.9400 0.0300 10,000 40,000 29,400 117,600 2.9400 0.0002 Cross Trade
30/07/2013 00:00:00 3.0300 0.0100 40,000 40,000 121,200 121,200 3.0300 0.0008 Cross Trade
22/07/2013 00:00:00 2.7500 -0.2900 60,100 60,100 165,275 165,275 2.7500 0.0012 -
19/07/2013 00:00:00 3.0300 -0.0100 72,000 450,000 218,160 1.364m 3.0300 0.0014 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 72,000 450,000 218,160 1.364m 3.0300 0.0014 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 72,000 450,000 218,160 1.364m 3.0300 0.0014 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 72,000 450,000 218,160 1.364m 3.0300 0.0014 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 72,000 450,000 218,160 1.364m 3.0300 0.0014 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 50,000 450,000 151,500 1.364m 3.0300 0.0010 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 30,000 450,000 90,900 1.364m 3.0300 0.0006 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 10,000 450,000 30,300 1.364m 3.0300 0.0002 Cross Trade
18/07/2013 00:00:00 3.0300 - 52,000 52,000 157,560 157,560 3.0300 0.0010 Cross Trade
15/07/2013 00:00:00 3.0300 -0.0100 45,000 45,000 136,350 136,350 3.0300 0.0009 Cross Trade
25/06/2013 00:00:00 2.8000 -0.2600 72,000 72,000 201,600 201,600 2.8000 0.0014 Cross Trade
31/05/2013 00:00:00 3.1800 0.0300 120,000 120,000 381,600 381,600 3.1800 0.0023 Cross Trade
25/04/2013 00:00:00 2.8800 0.0200 75,000 75,000 216,000 216,000 2.8800 0.0014 Cross Trade
10/04/2013 00:00:00 2.8500 - 85,000 130,000 242,250 370,500 2.8500 0.0016 Cross Trade

Posted by Victor Yong > 2020-04-07 11:21 | Report Abuse

Astro’s earnings prospect remain intact on the back of its stable advertising expenditure outlook (economy is bad, more expenditure on adverts) and coupled with generous dividend payment of 8%+

Posted by Victor Yong > 2020-04-07 11:27 | Report Abuse

:)

The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) has announced that they will be blocking IP addresses of servers that are found to be hosting pirated copyright content from 24th February 2020. As a result, connectivity to such servers will be interrupted. The anti-piracy move is done in collaboration with the Malaysian Communications and Multimedia Commission (MCMC).


According to the notice that’s shared on its Facebook page, illegal streaming is a violation of the provision under Section 41 of the Copyright Act 1987 (CA 1987). The MCMC has been working closely with KPDNHEP to block access to websites that violates the Copyright Act 1987.


Last year, the commission had blocked over 240 illegal streaming sites that provided illegal content through Android TV boxes. At one point, the authorities had considered banning Android TV boxes, a move which is seen as beneficial to pay-TV operator, Astro. Eventually, there’s no ban on the actual hardware but the MCMC has issued a warning to certified Android TV box suppliers not to pre-install applications that can facilitate the streaming of illegal content.

It is a violation to sell uncertified Android TV boxes in Malaysia and the MCMC has issued a total of RM67,000 worth of compounds from October 2018 to January 2020 for uncertified device-related offences. If you’re planning to get an Android TV box, MCMC urges you to check for the SIRIM sticker before making a purchase. You can use the Check Your Label app or SIRIM’s portal.

Posted by Victor Yong > 2020-04-07 11:30 | Report Abuse

Malaysia will follow stricter law on tv boxes like Singapore sooner or later, always behind Singapore :)


Seller of Android streaming box fined S$1200 in landmark casewww.todayonline.com › singapore › android-streaming-box-seller-fin...
Apr 24, 2019 - SINGAPORE – The director of a company that sold Android streaming boxes has been fined S$1200 in the first such case of its kind.

Company boss jailed, fined for selling Android TV box ...www.todayonline.com › singapore › company-boss-jailed-fined-sellin...
Oct 30, 2019 - SINGAPORE — The director of a company that sold Android TV boxes ... Read also: Seller of Android streaming box fined S$1,200 in landmark case ... heightened restrictions, as Germany banned gatherings of more than two ...

S'poreans work around ban to access thousands of TV box ...mothership.sg › 2018/11 › singapore-tv-box-apps-ban
Nov 27, 2018 - It was reported that ISPs have been ordered by the High Court in Singapore to block access to streaming applications that come pre-loaded in TV ...

Banning of set-top boxes in Singapore: new laws need to be ...www.techgoondu.com › 2019/01/18 › banning-of-set-top-boxes-in-si...
Jan 18, 2019 - If you asked someone on the street what an Android TV box was, you would likely get a mixed response. Some would tell you it's for streaming ...

No more streaming from tv boxes for Singapore | Marketing ...marketingmagazine.com.my › Digital
The Singapore High Court has banned TV box applications that allow users to stream and download content like movies, tv shows and live sports channels.

Posted by Victor Yong > 2020-04-07 11:33 | Report Abuse

Best time for ananda to delist astro but best time for investors to buy astro shares in the open market :)


Astro offers IPO to Bumiputera investors at RM3.60 a share ...themalaysianreserve.com › 2017/03/31 › astro-offers-ipo-to-bumipute...
Mar 31, 2017 - Astro Malaysia Holdings Bhd's initial public offer (IPO) portion set ... Ananda plans to relist Astro All Asia Networks plc by end-September in a ...

Four years after IPO, Astro's yield finally looks attractive | The ...www.theedgemarkets.com › article › four-years-after-ipo-astro’s-yield...
Oct 4, 2016 - Astro's relisting exercise was panned by critics as the IPO price was deemed expensive. With the stock now trading below that, in spite of ...

Astro CEO confident despite flat re-listing | The Star Onlinewww.thestar.com.my › business › business-news › 2012/10/20 › astro...
Oct 20, 2012 - Astro's market capitalisation based on the IPO price of RM3.00 is RM1.56bil. It raised about RM4.6bil of total funds, of which RM1.4bil was raised ...

Astro's IPO: How delisting and relisting ... - SERIOUS Investingwww.intellecpoint.com › 2012/08 › astro-ipo-how-delisting-and-relist...
Aug 16, 2012 - Astro's IPO: How delisting and relisting may create additional RM6.5 billion from the market. Guess who owns Astro and Maxis. Both listings ...

Relisting Archives - KLSE (BURSA) Malaysia Stock Exchangeklse.rajakamil.biz › tag › relisting
Astro IPO, Relisting of astro in bursa malaysia2012. Cable television operator Astro All Asia Networks PLC is planning to raise around US$1.5 billion in an IPO in ...

Is it a good time to take Astro private? - PressReaderwww.pressreader.com › malaysia › the-star-malaysia-starbiz
Jun 9, 2018 - Two years later, he relisted the company, minus its overseas assets, as Astro Malaysia Holdings Bhd, with an initial public offering (IPO) price of ...

Ananda Krishnan mulls privatising Astro, sources say | New ...www.nst.com.my › business › 2018/06 › ananda-krishnan-mulls-priv...
Jun 5, 2018 - ... T. Ananda Krishnan is weighing the possibility of taking Astro Malaysia ... then relisted its Malaysian business through a 2009 IPO that raised ...

Posted by Victor Yong > 2020-04-07 11:34 | Report Abuse

fell from RM1.24 on Feb 26, 2020 to below 90sen now. :)

Posted by Victor Yong > 2020-04-07 11:39 | Report Abuse

easy money for ananda to make if redo it :)

Thursday, August 16, 2012
Astro's IPO: How delisting and relisting may create additional RM6.5 billion from the market
Guess who owns Astro and Maxis. Both listings exercise strategies are cut from the same cloth. If one can remember, both went through a decently successful initial IPO (Maxis much more successful) and both were delisted. Then Maxis was relisted, Astro is about to be relisted.

What is that strategy? Originally, Astro prior to its delisting has operations in several countries but Malaysia is the only successful and significant one. Malaysia is the only one making money while everywhere else are just too volatile and bleeding cash as well as affect its P&L.



I have pulled out the Income Statement prior to its delisting in 2010 and compare it to the Proforma Income Statement which it is going to use for its prospectus this coming IPO. See the difference, prior to delisting, the marketing, distribution and administrative expenses was much higher. So was the share of losses from its associate companies (which are using equity method of accounting). The PAT was RM233 million for the accounts prior to its delisting. After the restructuring, we are seeing an account with a healthier PAT of RM614 million. And this structure is the one it is using for the new listing.

What did it do? The below is what I have cut out from its prospectus (which it submitted to SC). Astro basically reorganized its business by pulling out the profitable Malaysian operations and offer them to the people again. It also cuts off most of its associate companies above from the listing.


For the point of delisting, Ananda and several group (Khazanah included) were buying off minorities at RM8.5 billion valuation. Now, it is expecting a valuation of between RM11 billion to RM15 billion and I believe it is able to achieve at least RM12 billion judging from the more recent IPOs for large listings in FGV and IHH. If they achieve RM15 billion, it is going to be a cool RM6.5 billion that it has managed to pull from the market.

The question is, are all these illegal? It definitely is not. But just pure assets shuffling (for gains) which is just too much of unproductive work and thinking into it - and that is much we are all about nowadays - tonnes of hot air for nothing!
Do you see anything productive here?

BTW, as I see it again CIMB is involved. Guess who is always thinking of creating something out of nothing.

Other article on Astro's IPO:

Astro's IPO - Primetime Still?
Posted by felicity at 4:20 PM

http://www.intellecpoint.com/2012/08/astro-ipo-how-delisting-and-relisting.html

Posted by Victor Yong > 2020-04-07 11:40 | Report Abuse

With super cheap funding rate nowadays and high dividend yield given by astro, delisting again is highly possible at current price :)

Posted by Victor Yong > 2020-04-07 12:01 | Report Abuse

The advantage of astro while waiting is getting dividend yield of 8%+. Quarterly interim dividend indeed :)

Posted by Victor Yong > 2020-04-07 12:02 | Report Abuse

Pos, gpacket takda dividend still rugi. Astro tak pernah rugi, paying quarterly dividend non-stop

Posted by Victor Yong > 2020-04-07 12:19 | Report Abuse

推荐高股息

该行推荐高股息，包括ASTRO公司（ASTRO,6399,主板电讯媒体组）、柏马汽车（BAUT0,5248,主板消费产品服务组）、怡保花园产托（IGBREIT,5227,主板产业投资信托组）及森那美（SIME,4197,主板消费产品服务组）。

Posted by Victor Yong > 2020-04-07 12:20 | Report Abuse

Focus on high dividend stocks :)

Posted by Victor Yong > 2020-04-07 14:42 | Report Abuse

Last day to buy today, get your dividend on April 24 this month. Fun stock, see dividend in your bank account on a quarterly basis :)

Fourth Interim Dividend
ASTRO MALAYSIA HOLDINGS BERHAD

Entitlement subject Fourth Interim Dividend
Entitlement description Fourth Interim Single-Tier Dividend of 1.5 sen per share for the financial year ended 31 January 2020
Ex-Date 08 Apr 2020
Entitlement date 09 Apr 2020
Entitlement time 5:00 PM
Financial Year End 31 Jan 2020
Period
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date 24 Apr 2020
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 09 Apr 2020
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)
Entitlement indicator Currency
Announced Currency Malaysian Ringgit (MYR)
Disbursed Currency Malaysian Ringgit (MYR)
Entitlement in Currency Malaysian Ringgit (MYR) 0.0150

Par Value (if applicable)
Registrar or Service Provider name, address, telephone no BOARDROOM SHARE REGISTRARS SDN BHD
11th Floor, Menara Symphony
No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat)
Seksyen 13
46200 Petaling Jaya
Selangor
Malaysia
Tel:0378904700
Fax:0378904670

Posted by Q > 2020-04-07 16:38 | Report Abuse

Hi Victor, means I must buy today and hold till tmr then will be entitled the dividend? Thanks

Posted by somo1 > 2020-04-07 17:01 | Report Abuse

despite cum with dividend, it's one of the very few stocks that registering losses in such a strong market today. EPF selling down its position?

Posted by Q > 2020-04-07 17:05 | Report Abuse

Btw Victor. How are they going to pay the dividend to the share holder?

Posted by Victor Yong > 2020-04-07 18:19 | Report Abuse

Your bank account that you use for automatic deduction for buying shares

@Q Btw Victor. How are they going to pay the dividend to the share holder?
07/04/2020 5:05 PM

Posted by Victor Yong > 2020-04-07 18:20 | Report Abuse

Ex-dividend tomorrow :)

Posted by Victor Yong > 2020-04-07 18:22 | Report Abuse

:)

Date Close Volume
07/04/2020 0.865. 14,595,000
06/04/2020 0.87 7,564,700
03/04/2020 0.855 1,522,500
02/04/2020 0.86 3,645,200
01/04/2020 0.87 6,804,300
31/03/2020 0.85 4,873,800
30/03/2020 0.845 2,254,800
27/03/2020 0.88 4,643,400
26/03/2020 0.845 3,847,600
25/03/2020 0.83 4,625,200
24/03/2020 0.835 2,662,700
23/03/2020 0.71 3,541,500
20/03/2020 0.73 10,280,900
19/03/2020 0.71 4,171,600
18/03/2020 0.83 3,872,700
17/03/2020 0.865 2,581,900
16/03/2020 0.90 3,109,800
13/03/2020 0.98 3,021,100
12/03/2020 1.00 10,295,700
11/03/2020 1.08 989,500

Posted by Q > 2020-04-07 18:41 | Report Abuse

@Victor, I don't have that account for auto deduction wor.

Posted by Victor Yong > 2020-04-08 06:16 | Report Abuse

Check with your bank or stockbroking firm that u use to buy and sell shares

Posted by Victor Yong > 2020-04-08 06:16 | Report Abuse

Total dividend declared in respect of financial year ended 31 January 2020 amounts to 7.5 sen, equating to a 60%
dividend payout ratio. For comparative purposes, total dividend declared in respect of financial year ended 31
January 2019 amounted to 9.0 sen, equating to a 101% dividend payout ratio. This represents a departure from
AMH’s dividend policy of paying out at least 75% of consolidated profits for the financial year provided that such
distribution will not be detrimental to our Group’s cash requirements, or to any plans approved by our Board.
Given unprecedented levels of uncertainty and volatility globally stemming from the Covid-19 pandemic, the
Board believes this prudent approach is the best course of action, allowing for liquidity to be conserved and our
Group’s balance sheet to be strengthened. The Board and Management are closely monitoring and proactively
managing the COVID-19 situation, and its corresponding impact to business and operations.

Posted by Victor Yong > 2020-04-08 06:18 | Report Abuse

PROSPECTS FOR THE FINANCIAL YEAR ENDING 31 JANUARY 2021
Globally, businesses are facing unprecedented social and economic challenges brought about by the COVID-19
pandemic. The Company has instituted its Business Continuity Plan and has teams split across different sites and
working from home. Astro is giving more content and changing content line up to keep informing and entertaining
Malaysians.
Astro remains focused on strengthening its customer value proposition and loyalty, while pursuing deeper cost
optimisation and stronger anti-piracy push, as well as leveraging on its customer base to build new revenue
adjacencies in commerce, broadband, digital, and OTT.

Posted by Victor Yong > 2020-04-08 06:21 | Report Abuse

Consolidated Performance
Revenue
Revenue for the current year of RM4,911.8m was lower by RM567.3m or 10.4% against the corresponding year
of RM5,479.1m. This was mainly due to a decrease in subscription revenue, licensing income, advertising
revenue, and merchandise sales.
EBITDA margin
EBITDA margin increased by 5.8% against the corresponding year mainly due to lower content costs from FIFA
World Cup, lower staff related costs arising from separation scheme payment in corresponding year and marketing
and distribution expenses.
(c) Performance of the current year (YTD January 2020) against the corresponding year (YTD January 2019)

Consolidated Performance
Net Profit
Net profit increased by RM183.8m or 39.9% to RM644.6m during the year. The increase was mainly due to an
increase in EBITDA, as explained above, lower net finance costs and depreciation of property, plant and
equipment and offset by higher tax expenses and increase in depreciation of right-of-use assets.
Television
Revenue for the current year of RM4,270.4m was lower by RM541.1m or 11.2% against the corresponding year
of RM4,811.5m. This was mainly due to decrease in subscription revenue, licensing income and advertising
revenue.
EBITDA increased by RM116.0m or 7.9% against the corresponding year mainly due to lower content costs, staff
related costs and marketing and distribution expenses, offset by lower revenue.
Radio
Radio’s revenue for the current year of RM273.8m was lower by RM19.1m or 6.5% compared with the
corresponding year of RM292.9m. The lower revenue performance was due to the slow operating environment
especially during the first half of the year.
The lower cost positively impacted EBITDA of RM157.8m which was higher by RM1.1m or 0.7% compared
with the corresponding year of RM156.7m.
Home-shopping
Home-shopping’s revenue for the current year of RM367.5m was lower by RM6.5m or 1.7% compared with the
corresponding year of RM374.0m. The decrease in revenue is primarily due to tax holiday and FIFA World Cup
sales campaign in the corresponding year and muted consumer sentiments in the current quarter.
The lower revenue has resulted in lower EBITDA in the current year of RM5.3m or 94.6%.
(d) Balance sheet review
As at 31 January 2020, the Group had total assets of RM6,198.4m against RM6,259.6m as at 31 January 2019, a
decrease of RM61.2m or 1.0%. The Group’s total liabilities reduced by RM321.0m or 5.8% to RM5,259.7m
against RM5,580.7m as of 31 January 2019. The decrease in total liabilities was mainly due to lower payables.

Posted by Victor Yong > 2020-04-08 15:09 | Report Abuse

astro is one of the best stocks to buy and hold... IPO price was RM3, likely to be privatised. dividend yield 8-9%. reached bottom at 70sen++.......now 80sen+ just recovered slightly from RM1.2+ in Feb 2020 :)

Posted by Victor Yong > 2020-04-08 15:12 | Report Abuse

If Q1 (Feb to April 2020), more biz due to MCO, more people stay at home, astro share price could jump a lot indeed..... watching video, movie,etc at home, office, everywhere will be the norm after MCO, astro will emerge as a new sunrise industry. Cinemas will become sunset industry :)

Posted by Victor Yong > 2020-04-08 15:14 | Report Abuse

even rakuten reported more than 11,000 new accounts for online trading of shares were newly opened during the MCO....So, astro could boost its revenue during MCO and thereafter :)

Posted by Victor Yong > 2020-04-08 15:15 | Report Abuse

this virus pandemic could be a blessing in disguise for Astro :)

Posted by Victor Yong > 2020-04-08 15:16 | Report Abuse

laptop sales also increased due to working at home. more people workign at home, more people will take short break for entertainment, tv shopping, etc at home :)

Posted by Victor Yong > 2020-04-08 15:22 | Report Abuse

can use handphone, laptop, tablet, etc


astrogo.astro.com.my/
‎
‎
Stream movies, TV shows and more. Download and watch your favourite shows. Free for all Astro customers. Highlights: Mobile App Available, We Offer A Wide Range Of Services And Products.

Posted by Victor Yong > 2020-04-08 15:25 | Report Abuse

Possible for maxis to acquire astro by swapping shares, etc... a lot of synergies between astro and maxis, maxis share price is still above Rm5 :)


Astro and Maxis team up to offer TV content and fibre ...www.soyacincau.com › 2019/08/15 › astro-iptv-maxis-broadband-co...
Aug 15, 2019 - Astro and Maxis have announced a strategic marketing partnership between both parties to offer bundled broadband with content in a single ...

Get Astro and unlimited Maxis fibre broadband for RM99 ...www.malaymail.com › news › tech-gadgets › 2019/12/05 › get-astro-...
Dec 5, 2019 - KUALA LUMPUR, Dec 5 — Astro in partnership with Maxis is now offering an entertainment bundle offer for a limited time where you can get ...

Astro and Maxis Announce Strategic Marketing Partnership ...www.maxis.com.my › about-maxis › newsroom › august › astro-and-...
Aug 15, 2019 - Astro will be launching new bundles of 30 Mbps and 100 Mbps broadband and content products for its customers today and the full suite with ...

Astro Services | Maxiswww.maxis.com.my › terms-conditions › personal › broadband › astr...
(c) If a Customer has subscribed to the Services Package via special campaigns or promotions of Maxis or Astro, as the case may be, the terms and conditions of ...

Astro & Maxis offer three new additional content bundled ...www.digitalnewsasia.com › business › astro-maxis-offer-three-new-ad...
Feb 5, 2020 - Astro & Maxis Home Fibre are now offering content packages bundled with higher broadband speeds of 300, 500 and 800Mbps for the connected ...

Maxis Fibre Broadband and Astro IPTV | Astro IPTVwww.astroiptv.com.my › astro-iptv › maxis-broadband
And with a BOOST of up to 30Mbps, we're sure you'll enjoy your unlimited internet downloads. Choose Astro Maxis IPTV Package. 30 ...

Posted by Mat Cendana > 2020-04-08 15:26 | Report Abuse

I've started to add Astro to my portfolio. Although it's true that consumers now have more entertainment choices, Astro hasn't done too bad over the past few years. The current price level is very attractive. If foreign funds return to Bursa Malaysia, I believe this is one of the counters that would buy.

Posted by somo1 > 2020-04-08 18:16 | Report Abuse

Agreed. Flat growth, unexciting to say the least. However at current price, it makes sense to add it to my portfolio just for its attractive dividend yields. Even when assume annual EPS slides to 10 cents taking a conservative view, with a dividend payout of 60%, a 6 cents giving a 6.8% yield which is not bad at all given the very low interest rate environment. In current hostile market, it's a safer bet relative to the other penny stocks. Furthermore, I like the current managemnet under the new CEO who is proactive and cost conscious.

Posted by Victor Yong > 2020-04-10 10:01 | Report Abuse

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
12/02/2020 00:00:00 1.2300 - 4.530m 4.530m 5.571m 5.571m 1.2300 0.0869 -
20/01/2020 00:00:00 1.2600 - 9.541m 9.541m 12.022m 12.022m 1.2600 0.1830 -
12/12/2019 00:00:00 1.3500 - 291,600 320,350 393,660 432,473 1.3500 0.0056 -
12/12/2019 00:00:00 1.3500 - 28,750 320,350 38,813 432,473 1.3500 0.0006 -
19/11/2019 00:00:00 1.4200 - 10.000m 10.000m 14.200m 14.200m 1.4200 0.1918 -
30/09/2019 00:00:00 1.4700 -0.0400 2.500m 2.500m 3.675m 3.675m 1.4700 0.0479 -
20/09/2019 00:00:00 1.4300 0.0100 3.500m 3.500m 5.005m 5.005m 1.4300 0.0671 -
21/02/2019 00:00:00 1.6600 - 519,200 519,200 861,872 861,872 1.6600 0.0100 -
19/02/2019 00:00:00 1.6200 0.0100 3.694m 3.694m 5.985m 5.985m 1.6200 0.0708 -
15/02/2019 00:00:00 1.5700 - 325,000 325,000 510,250 510,250 1.5700 0.0062 -
15/01/2019 00:00:00 1.5300 0.0400 100,000 100,000 153,000 153,000 1.5300 0.0019 -
23/05/2018 00:00:00 1.7700 0.2400 50,000 50,000 88,500 88,500 1.7700 0.0010 -
02/08/2017 00:00:00 2.6000 - 39,000 39,000 101,400 101,400 2.6000 0.0007 -
17/07/2017 00:00:00 2.5800 0.0200 38,000 38,000 98,040 98,040 2.5800 0.0007 -
13/07/2017 00:00:00 2.5700 -0.0300 38,300 38,300 98,431 98,431 2.5700 0.0007 -
10/07/2017 00:00:00 2.1800 -0.3800 80,000 80,000 174,400 174,400 2.1800 0.0015 -
07/07/2017 00:00:00 2.5700 -0.0100 38,300 38,300 98,431 98,431 2.5700 0.0007 -
23/01/2017 00:00:00 2.7400 0.0100 4.697m 4.697m 12.870m 12.870m 2.7400 0.0902 -
11/05/2016 00:00:00 2.6750 0.0050 8.491m 8.491m 22.714m 22.714m 2.6750 0.1631 -
22/03/2016 00:00:00 2.9500 0.0300 50,000 122,000 147,500 359,900 2.9500 0.0010 -
22/03/2016 00:00:00 2.9500 0.0300 72,000 122,000 212,400 359,900 2.9500 0.0014 -
21/03/2016 00:00:00 2.9100 0.0100 85,000 85,000 247,350 247,350 2.9100 0.0016 -
29/12/2015 00:00:00 2.3300 -0.3800 27,000 53,000 62,910 123,490 2.3300 0.0005 -
29/12/2015 00:00:00 2.3300 -0.3800 26,000 53,000 60,580 123,490 2.3300 0.0005 -
03/04/2015 00:00:00 3.2300 - 851,300 851,300 2.750m 2.750m 3.2300 0.0164 -
04/11/2014 00:00:00 3.3500 0.0600 72,000 72,000 241,200 241,200 3.3500 0.0014 -
03/11/2014 00:00:00 3.3000 - 50,000 50,000 165,000 165,000 3.3000 0.0010 -
07/07/2014 00:00:00 3.0000 -0.3900 500,000 500,000 1.500m 1.500m 3.0000 0.0096 -
08/05/2014 00:00:00 3.2850 0.0650 8.491m 8.491m 27.893m 27.893m 3.2850 0.1633 -
26/03/2014 00:00:00 3.1600 - 25,000 25,000 79,000 79,000 3.1600 0.0005 -
05/03/2014 00:00:00 3.4000 0.2700 8,000 8,000 27,200 27,200 3.4000 0.0002 -
25/02/2014 00:00:00 3.0200 0.0200 150,000 150,000 453,000 453,000 3.0200 0.0029 -
15/01/2014 00:00:00 3.0300 0.0200 50,000 410,000 151,500 1.242m 3.0300 0.0010 -
15/01/2014 00:00:00 3.0300 0.0200 72,000 410,000 218,160 1.242m 3.0300 0.0014 -
15/01/2014 00:00:00 3.0300 0.0200 72,000 410,000 218,160 1.242m 3.0300 0.0014 -
15/01/2014 00:00:00 3.0300 0.0200 72,000 410,000 218,160 1.242m 3.0300 0.0014 -
15/01/2014 00:00:00 3.0300 0.0200 72,000 410,000 218,160 1.242m 3.0300 0.0014 -
15/01/2014 00:00:00 3.0300 0.0200 72,000 410,000 218,160 1.242m 3.0300 0.0014 -
19/12/2013 00:00:00 3.0000 0.0100 20,000 20,000 60,000 60,000 3.0000 0.0004 -
15/11/2013 00:00:00 2.8200 -0.0100 8.632m 8.632m 24.343m 24.343m 2.8200 0.1661 -
26/09/2013 00:00:00 2.9400 0.0300 30,000 40,000 88,200 117,600 2.9400 0.0006 Cross Trade
26/09/2013 00:00:00 2.9400 0.0300 10,000 40,000 29,400 117,600 2.9400 0.0002 Cross Trade
30/07/2013 00:00:00 3.0300 0.0100 40,000 40,000 121,200 121,200 3.0300 0.0008 Cross Trade
22/07/2013 00:00:00 2.7500 -0.2900 60,100 60,100 165,275 165,275 2.7500 0.0012 -
19/07/2013 00:00:00 3.0300 -0.0100 72,000 450,000 218,160 1.364m 3.0300 0.0014 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 72,000 450,000 218,160 1.364m 3.0300 0.0014 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 72,000 450,000 218,160 1.364m 3.0300 0.0014 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 72,000 450,000 218,160 1.364m 3.0300 0.0014 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 72,000 450,000 218,160 1.364m 3.0300 0.0014 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 50,000 450,000 151,500 1.364m 3.0300 0.0010 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 30,000 450,000 90,900 1.364m 3.0300 0.0006 Cross Trade
19/07/2013 00:00:00 3.0300 -0.0100 10,000 450,000 30,300 1.364m 3.0300 0.0002 Cross Trade
18/07/2013 00:00:00 3.0300 - 52,000 52,000 157,560 157,560 3.0300 0.0010 Cross Trade
15/07/2013 00:00:00 3.0300 -0.0100 45,000 45,000 136,350 136,350 3.0300 0.0009 Cross Trade
25/06/2013 00:00:00 2.8000 -0.2600 72,000 72,000 201,600 201,600 2.8000 0.0014 Cross Trade
31/05/2013 00:00:00 3.1800 0.0300 120,000 120,000 381,600 381,600 3.1800 0.0023 Cross Trade
25/04/2013 00:00:00 2.8800 0.0200 75,000 75,000 216,000 216,000 2.8800 0.0014 Cross Trade
10/04/2013 00:00:00 2.8500 - 85,000 130,000 242,250 370,500 2.8500 0.0016 Cross Trade
10/04/2013 00:00:00 2.8500 - 45,000 130,000 128,250 370,500 2.8500 0.0009 Cross Trade

Posted by Victor Yong > 2020-04-10 10:03 | Report Abuse

epf also buys and sells like traders :)


EMPLOYEES PROVIDENT FUND BOARD ("EPF") 06-Apr-2020 Disposed 3,300,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 03-Apr-2020 Disposed 126,900 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 02-Apr-2020 Disposed 359,600 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 01-Apr-2020 Disposed 911,700 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 31-Mar-2020 Acquired 500,000 0.000

Posted by Victor Yong > 2020-04-10 10:14 | Report Abuse

epf will create the excitement from time to time in astro.... like to buy and sell frequently :)

Posted by Victor Yong > 2020-04-10 10:17 | Report Abuse

Astro Malaysia
Holdings
Berhad is
Malaysia’s
leading content
and consumer
company
in the TV, OTT, radio,
digital and commerce
space.
Astro Malaysia Holdings Berhad (“Astro”) is Malaysia’s leading
content and consumer company in the TV, over-the-top (“OTT”),
radio, digital and commerce space. The combined strength of our
Pay-TV and NJOI, our subscription-free TV service, allows us to serve
23 million individuals in 5.7 million households, or 77% of Malaysian
households.
Meanwhile, Astro Radio houses Malaysia’s highest rated radio
brands across all key languages, available on terrestrial with
16.2 million weekly listeners, and on digital with 14.8 million average
monthly streaming sessions.
Astro's digital brands host 8.3 million average monthly unique
visitors across multiple entertainment and lifestyle platforms. Our
OTT, Astro GO and NJOI Now, cater to individuals’ demand to access
their preferred content anytime, anywhere, across multiple devices.
Go Shop, our commerce business extends across TV, online and
mobile platforms with 1.8 million registered customers in Malaysia
and Singapore, curating products to fulfil customers’ lifestyle needs.
As the leading movie producer in Malaysia, Astro is committed
to raising the standard of local films. Seven of its blockbusters,
including Hantu Kak Limah, Paskal and Polis Evo 2, are among
Malaysia’s top 10 highest grossing local movies of all time.
Astro has won Gold in the Media Networks category at the Putra
Brand Awards for nine consecutive years from 2010 to 2018, the
Malaysian Marketer of the Year award in 2016, and accolades at
the IDC Digital Transformation Awards for Malaysia in 2017 and
2018.
Our foundation, Yayasan Astro Kasih has created award-winning
initiatives recognised for its innovative and life-changing impact on
the community we serve.
Astro will continue touching lives and shaping the industry landscape
through content, entertainment and edutainment.

Posted by Victor Yong > 2020-04-10 10:21 | Report Abuse

Looking ahead: FY20
Amid the revolution happening within the
content and connectivity spaces, we see
attractive opportunities emerging. FY20 will
see us refocusing on our core business and
leveraging our key assets, strengths and
differentiators to solidify our position as
Malaysia’s leading content and consumer
company.
We will adopt a two-pronged approach,
with our Astro branded Pay-TV serving a
compelling bouquet of premium content
for customers while NJOI will be positioned
as a recruitment brand for us to expand our
reach across the remaining households in
Malaysia. We will continue to protect the
premium Pay-TV segment while we grow
and monetise NJOI by featuring a freemium
proposition with à la carte, skinny bundles,
sachets and event passes, with NJOI acting
as a gateway for customers to full-fledged
Pay-TV offerings. Our valuable customer
reach, alongside key enablers of data and
talent, facilitates revenue diversification
efforts by allowing us to expand beyond
content to broadband, commerce, and
adex.
Redefining our premium Pay-TV
proposition
Enhancing customer experience
As customer experience becomes an
increasingly important differentiator, we will
continue to adopt emerging technologies
to push for better customer experience.
We intend to deploy cloud technology to
deliver seamless viewing experiences to
individuals across TV, OD and Astro GO,
while also refreshing our user interface
and experience (“UI and UX”) across the
board. Initially slated for FY19, the launch
of this new platform was deferred to FY20
as a result of extended negotiations for
better commercial terms with technology
providers.
Also planned is the commercial launch
of 4K-Ultra High Definition (“UHD”)
service, following the introduction of
the first 4K-UHD broadcast of Premier
League matches at selected commercial
establishments in FY19.

Posted by Victor Yong > 2020-04-10 10:25 | Report Abuse

HISTORICAL SHARE PRICES OF THE COMPANY
The monthly high and low prices of AMH Shares as traded on the Main Market of Bursa Securities for the past 12 months from May
2018 to April 2019 are as follows:
High
RM
Low
RM
2018
April 2.09 1.75
May 1.91 1.31
June 1.85 1.35
July 1.86 1.57
August 1.97 1.74
September 1.86 1.46
October 1.57 1.21
November 1.41 1.05
December 1.41 1.19
2019
January 1.70 1.31
February 1.70 1.53
March 1.66 1.48

Posted by Victor Yong > 2020-04-10 10:27 | Report Abuse

Proforma Effects on Our Substantial Shareholders’ and Directors’ shareholdings
Based on the Register of Substantial Shareholders, Register of Directors’ Shareholdings and the total number of issued shares
of our Company as at 16 April 2019, the proforma effects of the Proposed Share Buy-Back on the substantial shareholders’ and
Directors’ shareholdings in our Company (assuming Maximum Purchase from shareholders of our Company other than from the
said substantial shareholders and Directors) are as follows:
Name Notes
As at 16 April 2019
After Maximum Purchase pursuant to the Proposed
Share Buy-Back
Direct Indirect Direct Indirect
No. of
AMH
Shares %
No. of
AMH
Shares %
No. of
AMH
Shares %
No. of
AMH
Shares %
Substantial shareholders:
Pantai Cahaya Bulan Ventures Sdn
Bhd 1,077,735,927 20.67 - - 1,077,735,927 22.97 - -
Khazanah Nasional Berhad 1 - - 1,077,735,927 20.67 - - 1,077,735,927 22.97
All Asia Media Equities Limited 1,013,297,290 19.43 - - 1,013,297,290 21.59 - -
Usaha Tegas Entertainment Systems
Sdn Bhd 2 235,778,182 4.52 1,013,297,290 19.43 235,778,182 5.02 1,013,297,290 21.59
Usaha Tegas Sdn Bhd 3 - - 1,249,075,472 23.95 - - 1,249,075,472 26.62
Pacific States Investment Limited 4 - - 1,249,075,472 23.95 - - 1,249,075,472 26.62
Excorp Holdings N.V. 5 - - 1,249,075,472 23.95 - - 1,249,075,472 26.62
PanOcean Management Limited 5 - - 1,249,075,472 23.95 - - 1,249,075,472 26.62
East Asia Broadcast Network
Systems N.V. 421,939,707 8.09 - - 421,939,707 8.99 - -
East Asia Broadcast Systems
Holdings N.V. 6 - - 421,939,707 8.09 - - 421,939,707 8.99
Tucson N.V. 7 - - 421,939,707 8.09 - - 421,939,707 8.99
Ananda Krishnan Tatparanandam 8 - - 2,152,868,226 41.29 - - 2,152,868,226 45.88
Harapan Terus Sdn Bhd 9 - - 462,124,447 8.86 - - 462,124,447 9.85
Dato’ Haji Badri bin Haji Masri 10 - - 462,124,447 8.86 - - 462,124,447 9.85
Tun Haji Mohammed Hanif bin
Omar 10 - - 462,124,447 8.86 - - 462,124,447 9.85
Mohamad Shahrin bin Merican 10 200,000 0.00* 462,124,447 8.86 200,000 0.00* 462,124,447 9.85
Employees Provident Fund Board 11 435,224,964 8.35 435,224,964 9.27 - -
Directors:
Tun Dato’ Seri Zaki bin Tun Azmi 1,050,000 0.02 - - 1,050,000 0.02 - -
Datuk Yvonne Chia 100,000 0.00* - - 100,000 0.00* - -
Richard John Freudenstein - - - - - - - -
Renzo Christopher Viegas 50,000 0.00* - - 50,000 0.00* - -
Lim Ghee Keong 1,000,000 0.02 - - 1,000,000 0.02 - -
Simon Cathcart - - - - - - - -
Shahin Farouque bin Jammal Ahmad - - - - - - - -
Tunku Alizakri bin Raja Muhammad
Alias - - - - - - - -
Mazita binti Mokty - - - - - - - -
Vernon Das (Alternate Director to
Lim Ghee Keong) - - - - - - - -
* negligible
334 ASTRO MALAYSIA HOLDINGS BERHAD
STATEMENT ACCOMPANYING

Posted by Victor Yong > 2020-04-10 10:28 | Report Abuse

EFFECTS OF THE PROPOSED SHARE BUY-BACK
5.1 Share capital
The Proposed Share Buy-Back will not have any effect on the total number of issued shares of our Company unless the AMH
Shares purchased are cancelled.
For illustrative purposes, based on our Company’s total number of issued shares as at 31 January 2019 amounting to
5,214,314,500 ordinary shares and assuming the maximum permissible number of AMH Shares that may be purchased by
our Company pursuant to the Proposed Share Buy-Back amounts to 521,431,450 ordinary shares (“Maximum Purchase”)
and the subsequent cancellation of all shares purchased, our Company’s total number of issued shares would decrease from
5,214,314,500 to 4,692,883,050.
5.2 EPS
The effects of the Proposed Share Buy-Back on the earnings and EPS of our Group will depend on various factors including the
number of AMH Shares purchased as well as any income foregone in connection with funding such purchases. Nonetheless, as
highlighted in Section 3 above, the purchase of AMH Shares will result in a lower number of shares being taken into account for
purposes of EPS computation, which is expected to improve the EPS of our Group.
5.3 Net Assets and Net Assets per share
If the Proposed Share Buy-Back is implemented, the net assets attributable to equity shareholders (“NA”) of our Group will
decrease by the purchase value of AMH Shares upon purchase. If the treasury shares are cancelled and/or distributed as share
dividends, there will be no additional effect on the NA of our Group. If the treasury shares are resold, the NA of our Group will
increase by the sale value of AMH Shares. When the purchase and resale of AMH Shares are taken as a whole, there will be a net
increase in the NA of our Group if the resale value is higher than the purchase value and a net decrease if the resale value is lower
than the purchase value.
Further, the NA per share of our Group will increase if the purchase price of AMH Shares is less than the NA per share at the time
of purchase, and will decrease if the purchase price of AMH Shares is more than the NA per share at the time of purchase. The
converse effect will also apply if the treasury shares are subsequently resold.
5.4 Working Capital
The Proposed Share Buy-Back is not expected to have a material effect to our Group’s working capital in view that our Company
will only purchase its own shares if our Company has surplus funds, after taking into consideration the capital expenditure and
working capital requirements of our Group.