Why IB like to recommend expensive stock like Astro? Buying expensive stock hurt my pocket not the analysts pocket. I still prefer cheaper Media Prima and MediaC as all are media stocks.
The only business that monopoly in Malaysia other than Tenaga..is ASTRO....:)..at less than RM 3.00 with market is already crossing the 1660 channel and to embrace to 1700 level..its illogical ASTRO at RM 2.87-2.90...:)
nevermind or TAKPA..that's common Malaysian especially Malay set of mind...that's why this boleh land cannot achieve n be real developed country..all TAKPA..hehehe...those days only Malay has this kind of thinking ..nowadays all races too..like Tun used said to me..hehehehehe...All now TAKPA...at last semua celapa...yg tinggai Buah kelapa..hehehe
Dividend 2.5 sen, come down 6 sen. Have to check its support line. See whether it has been breached. If it's not, then can speculate on a possible 20-sen capital gain when it returns to its 'normal' level of 3.00 or so. This is one of the counters which fund managers would buy.
But the bigger concern is Astro's lack of growth potential. In fact, more subscribers are cancelling due to internet-based content being cheaper and more convenient. I'm one of those who have cancelled. This is the trend in other countries too, brought about by access to fast-enough and fixed-cost broadband. When Unifi and other fibre optic expand to other areas, you'll see many Astro subscribers terminating too. How to replace them? And how to deal with the increasing cost of buying content from overseas?
Yes, 2.73 looks to be a critical support line. Might be considered as a calculated move if one buys at this price. However, if it slips below that, will have to decide fast - cut loss immediately OR to hang on (and thereby having the capital `sangkut')
manage to get some at 2.72...looks like it breached the 2.71..dunno how deep is the well now. but nonetheless, i still believe there's hope for a pick up..next year got Rio Olympic and also Euro 2016...
For a genuine investor who can hold (as compared to "trader" and "semi-investor" whose horizon is less than one year), Astro isn't a bad buy at this price. Don't know how the share price will perform in the coming days, but one thing is for sure - the new buyer is getting it cheaper than those who had bought at the IPO.
Its regular dividends are an attraction, especially to fund managers. When they come in again - especially the foreign funds, this will be one of the counters they tend to buy.
The issue: Who is doing the selling over the week, and are they done yet? If not, we should hold on for a bit longer...if you can.
After slipping under the 2.73 support, 2.67 is barely holding. The volume isn't heavy at all. But some entity looks to be doing controlled selling. Giving away at Buyer's prices, although not hurriedly. Astro is now at a rather attractive price. Very tempting. But must be reasonably sure the seller has gone away first. Or for indication there is solid support at this level. "Wait and see" looks prudent.
It's now not too far from the lowest point since the re-listing at the end of 2012. What was it - 2.5-something was the lowest point. Remember the sentiment at that time? Investors were so disappointed, including Astro's staff who had taken loans to buy at 3.00. The CEO, Rohana had added to her holdings at 2.70 or so...a few million units. Bold of her in showing confidence. And it worked well for her when Astro went back to 3.00 and then above that.
Now, Dec. 2015 we are facing a rather similar situation. Is this an opportunity or a trap? We will have to make the decision.
thanks Mat Cendana sifu for the advice. i'll adopt a wait and see outlook..looking to hold this counter for at least 1 year..at least until next year..hope to hear positive news soon
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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....
AIwaysWin
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Posted by AIwaysWin > 2015-07-20 21:45 | Report Abuse
buy now .