Astro will be soon on preCovid level 1.30 and passing it. Why? Bcs before Covid FD rate was 4% ,now its 1.6%. Astro gives you 7%... Another factor, when foreign fund managers return to Bursa Astro will be one of their favourites. Why? Bcs Astro is type of company they like..a cash cow which has enough liquidity. Everybody knows Ringgit is undervalued and its strengthtening will boost the returns..
Yes, they should privatise because they are very profitable but they get shorted by investors and their share price is being suppresed. Astro does not deserve this valuation and the best they can do is go private so investors do not play the company's shares anymore and they can go with their business as usual
I am using Astro and TV box. Astro has been improving its services, and is improving from time to time with new packages with Maxis.. Hold tight ya if you have confident in the stock..
Dongbei your right, last year it was 25th March, 18 June, 15th Sept, and 3rd Dec. So its due end of March, payment April. Hopefully they can do much better than the 1.5c they have been paying last year.
Expecting Astro doing lot of catching up in coming months. Many counters returned to almost precovid level Eg.Aeon one year ago 1.35 now 1.25 Genting one year ago 2.98 now 2.98 Astro one year ago 1.18 now 0.92 Still Astro’s business hardly suffered compared with Aeon or Genting.. I think biggest reason has been EPF unloading and not bcs Astro bad counter but EPF need to cover somehow the big withdrawals. Anyway, I am quite sure by the end of year would be at least 1.50RM level specially if Ringgit exchange rate improving.
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fortunefire
1,517 posts
Posted by fortunefire > 2021-02-08 09:59 | Report Abuse
D/E is beyond the normal level. Any idea why Astro is in high debt?