Value investors will buy it as ASTRO business not affected by corona but benefit from MCO as everyone stay at home watching TV. Furthermore, ASTRO has very high dividend yield 8%! With so good value buy, What else do you want?
i am not sure how accurate is public bank analysis as most of them are helping those tycoons to release stocks la and if coming result is not good, they will automatically downgrade the TP but i only know at this price, good for mid and long term investment as no point to keep the money at bank with 3% interest rate.
Some argue it will become another Netflix, many will doubt it. The Netflix talk is just to push up the price. When the trader left, he or she will say it is a sunset biz.
lol, for those uptrend counters, memang got some stories behind to support else how to goreng stock, i think astro is having both short term and long term players, when traders cabut, investor will come and support again so not so worry as compared to penny counters
Not a company that I like but the dividend yield looks attractive which is why I picked up some. Think it can go back close to it's price just before coronavirus crisis hit the market in Feb.
Good dividend? Pls do your analysis how the dividend is calculated. The 8% dividend is based on current low price. Looking at past history the average dividend is somewhere between 3.5% - 5% (still not bad lah compare to bank). If the price remain below RM1 pls expect the overall dividend pay out to be less this year which will make up to 3%-4% range.
More people watching tv and movie at home during MCO, definitely benefit Astro profit in next coming quarter. Astro Director Datuk Yvonne Chia keep acquired Astro stock recently, already foresee the company will have more profit for the next coming quarter. Cheers..
MCO partial lifted but cinema and other entertainment outlet not allowed to open..home entertainment still on... Thus, Q2 earning (starting fr 1st May) expected to be good..my 2sen only
BNM reduced OPR to 2%, ppl may not want to place money in bank as dividend is getting lower and lower. ASTRO now will be a good dividend yield play stock that serve as a defender in your portfolio!
Based on last year dividend payout of 7.5 sen, Dividend yield now is 7.5%. If ASTRO reduce the dividend pay out this year to 1.5 sen each quarters, still has 6 sen dividend which translate to dividend yield of 6%. Think about it if you like to have such defensive stock.
Yes, I also expect dividend yield to be around 6+% this year. I am also expecting the revenue to be decent in these times of Covid crisis as more people are watching TV at home. Astro is not a company that I like because it's a monopoly and is owned by a crook. Only bought because of decent dividend and has a sustainable business during Covid crisis period.
Ya once EPF is done with their selling, and even at $1.20 the stock is still going to yield at least a 5% dividend yield, taking a conservative estimate. Astro is perfect to stay as part of their pension portfolio offering good dividend yields amidst the prevailing low interest environment. What are the rationals behind their recent incessant selling of the stock, I wonder?
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....
RainT
8,448 posts
Posted by RainT > 2020-04-28 18:48 | Report Abuse
this MCO so ASTRO customers go up
but long term??
ASTRO grow can sustain?