sell if u have some margin...breakeven or cut loss for IPO subcriber... impact from fiscal cliff next year will bring klci drop at 10% after PM announce GE (may be early next year).
The fiscal cliff is a newly coined term referring to the effect of a number of laws that (if unchanged) could result in tax increases, spending cuts, and a corresponding reduction in the US budget deficit beginning in 2013. The deficit — the difference between what the government takes in and what it spends — is expected to be reduced by roughly half in 2013. That sharp reduction in the deficit is the cliff. The Congressional Budget Office (CBO) estimates the sudden reduction will probably lead to a recession in early 2013 with the pace of economic activity picking up after 2013.
Promoters of Astro are answerable to their clients. When price dipped to 2.60, many chickened out. Who bought then? Must be them lor...lots of doomsayers said it'd gonna go lower. They only waited for the right time to push up to prove that they were right in underwriting and promoting the stock. Integrity ma...where to hide their faces when price goes below IPO and not recoverable??? Now they are laughing...
Sarbuftaim..I been mention to forumers..2.61 level..cornerstone investors has been buying..I'm also collecting @ 2.61 and 2.62..still hold until now..hope can go for europe trip..cheers..
Zack Liza...in stock mkt...when the stock up..that means more buyer then seller...last few days..2 big local funds have been collecting...but they not selling..3.00 just around the corner..cheers..
Highlights for the 9 months ended 31 October 2012 (“YTD FY13”): Revenue grew 11% from RM2.8bn to RM3.1bn Net adds grew 3 fold (278k Total, of which Astro pay TV 146k; NJOI 132k) ARPU grew 6% from RM87 to RM92 EBITDA of RM1,042m (33% margin) Net Profit of RM336m Dividend of 1.5 sen per share
KUALA LUMPUR, 5th December 2012 - Astro Malaysia Holdings Berhad (“Astro”), one of Southeast Asia’s leading integrated consumer media entertainment groups, today released a strong set of financial results for the first 9 months of the financial year ending 31 January 2013. Tun Zaki Azmi, Chairman of Astro said, “The Company is committed to delivering growth in total shareholder returns balancing between a progressive dividend policy and capital appreciation. Having regards to the strong cash flows achieved by the business, the Board is pleased to declare a maiden quarterly dividend of 1.5 sen per share. ”
0.5% X 4 = 2% (DIVIDEND YIELD)IF PRICE GOING UP THE DIVIDEND YIELD WILL GOING DOWN...VERY CLEAR SAUFI....EXPECTED FOR NEXT YEAR DIVIDEND YIELD JUST 1-2% ....BERBALOI FOR GOOD INVESTOR????
Why worry about dividen???Next two weeks ASTRO price will touch 3.70 or more...Anyone heard any rumours that they are buying back shares from market to ensure that "they" corner the stock??...
That's right bang teh...even airasia listing last time also no dividend policy...big funds has been buying coz mkt rumours astro gonna listing In MSCI after dropout berjayacorp and spsetia...
No juggernault. Most analysts expect a 17-22% drop in net profit in FY13 due to margin squeeze but will recover in FY14-FY15. PAT growth for FY14 & FY15 range from 2% to 16%, quite a wide variance among analysts.
I won't be too hopeful for that 3.70, zackliza...Share price will settle and find its equilibrium level. Who would buy at 3.70? well...unless someone ramp it up and swallow the loss when it falls...Valuation-wise is demanding oledi...just too pricey
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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....
ongtkong
456 posts
Posted by ongtkong > 2012-12-05 16:11 | Report Abuse
actually staff & buyers at 3.00 & above in a dilemma - to sell or not to sell....phobia of astro falling again