Posted by DickyMe > 2019-03-27 17:53 | Report Abuse
As long as censorship, moral policing, holier than thou and biased programmes are churned out, Malaysia broadcasters face a bleak future. There are tons of alternatives ONLINE offered globally. So, middle finger to the authorities
Astro to enter strategic partnership with Malaysian Football League (MFL) to broadcast the Malaysia League from 2023 to 2025....how many ppl is watching MFL today if not EPL? just really doubt on this.
Just look at last 5 years revenue, net profit and dividend all shrinking and lesser every year. I wonder how much salary these top management getting paid for doing such lousy job? Data dont lie.
This is a sad stock with more downside to come. Sad, because it's clearly not a growth stock, not a mature stock, not a stable stock, but a declining stock. By right, this. stock in its early years was a popular and growth stock but by this stage of its life, it should be a mature stock paying solid dividends, but today it is clearly not.
Why I say still have more downside to come is because at this late stage of its life cycle, it can only afford to pay 0.25 sen dividend. Annualize that gives 1 sen dividend. It it wants to attract say 5% dividend yield, then, ASTRO price need to fall down to around 20 sen, to give 5% dividend yield. 20 sen is also near its NTA as well.
A sorry sorry stock... only 1 hope left .... goreng.
Astro Undertakes Voluntary Separation Scheme to Strengthen Market Position
KUALA LUMPUR, 28 July 2023 – The media and entertainment industry is currently operating in an environment that is experiencing an unprecedented rate of disruption. Industry players are required to reinvent and adapt swiftly to remain profitable and relevant in this new reality.
Euan Smith, Group Chief Executive Officer of Astro Malaysia Holdings Berhad ("Astro") said, “In an increasingly borderless and digital world, competition is relentless, especially in a challenging economic landscape. Astro continues to be proactive to reinvigorate the Group to strengthen its position in the market and to adapt to a fast-changing business environment.
To support its ongoing transformation, Astro will be undertaking a Voluntary Separation Scheme ("VSS") that will allow the Group to focus on core business activities and improve its financial performance by simplifying the organization, streamlining operations and reducing operating expenses. The VSS is offered purely on a voluntary basis.”
Notwithstanding this exercise, the Company is putting in place measures to ensure that customer experience will not be impacted by this exercise. Further, the Company has put in place a transition programme that will provide the right support to employees who opt for the VSS including coaching and skills upgrading training programmes.
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....
DickyMe
14,891 posts
Posted by DickyMe > 2023-07-08 18:46 | Report Abuse
Posted by DickyMe > 2019-03-27 17:53 | Report Abuse
As long as censorship, moral policing, holier than thou and biased programmes are churned out, Malaysia broadcasters face a bleak future. There are tons of alternatives ONLINE offered globally. So, middle finger to the authorities