Just install tv box, watch football live for free. Why need to subscribe astro? La Liga, EPL, etc,. All available in TV Box. Including Spain vs England match tonight.
i am wondering is tvbox legal? do they pay for license to publish all the contents? If it is illegal, what to worry as i thought Malaysia got law one unless the minister is still sleeping. eveything is copyright today, use it when it is still in grey zone. i appreciate the creatives and works from all entertainment industries so i pay for the legal channel. without copyright and advertisement income for entertainment industries, next time no one will produce good movies. Cinema also can close down d coz you can watch from your tvbox ma.
Some china streams block Malaysian IP. Plenty of documentary in Astro to watch. Nice. But most youngsters nowadays just watch latest china drama for free learning money is good and quick money to faster migrate to other countries. Sad life.
The tycoon controls a 40.9% stake in Astro as of April 10, the company’s latest annual report shows. Khazanah Nasional Bhd owns 20.7%, while Employees Provident Fund holds 7.8%.
Ananda is known for buying out minority investors in his listed companies when their stock is slumping, only to bring them back to market at higher valuations later.
Astro, then known as Astro All Asia Networks Plc, completed an initial public offering in 2003 and was taken private by Ananda in 2010. Its domestic operations were relisted just over two years later, with the overseas businesses remaining in private hands.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
ASTRO MALAYSIA HOLDINGS BERHAD
Particulars of substantial Securities Holder
Name MR ANANDA KRISHNAN TATPARANANDAM ("TAK") Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares in Astro Malaysia Holdings Berhad ("AMH Shares") Details of changes
No Date of change No of securities Type of Transaction Nature of Interest 1 11 Oct 2018 416,400 Acquired Deemed Interest Name of registered holder Mujur Sanjung Sdn Bhd Address of registered holder Level 39, Menara Maxis Kuala Lumpur City Centre 50088 Kuala Lumpur Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Increase in the number of AMH Shares over which TAK's deemed interest is held following the acquisition by Mujur Sanjung Sdn Bhd ("MSSB") in the open market of 416,400 AMH Shares representing 0.008% of the equity interest in Astro Malaysia Holdings Berhad ("AMH") Nature of interest Deemed Interest Direct (units) Direct (%) Indirect/deemed interest (units) 2,147,374,026 Indirect/deemed interest (%) 41.186 Total no of securities after change 2,147,374,026 Date of notice 15 Oct 2018 Date notice received by Listed Issuer 15 Oct 2018
Remarks : TAK is deemed to have an interest in 2,147,374,026 AMH Shares, representing approximately 41.186% equity interest in AMH as at 11 October 2018, by virtue of the following:-
(a) the deemed interest of PanOcean Management Limited ("PanOcean") in 1,249,075,472 AMH Shares, representing approximately 23.957% equity interest in AMH as at 11 October 2018. PanOcean is the trustee of a discretionary trust, the beneficiaries of which are members of the family of TAK and foundations including those for charitable purposes. Although PanOcean is deemed to have an interest in such AMH Shares, PanOcean does not have any economic or beneficial interest over the AMH Shares, as such interest is held subject to the terms of the discretionary trust referred to above.
PanOcean holds 100% equity interest in Excorp Holdings N.V. ("Excorp") which in turn holds 100% equity interest in Pacific States Investment Limited ("PSIL").
PSIL holds 99.999% equity interest in Usaha Tegas Sdn Bhd ("UTSB").
UTSB holds 100% equity interest in Usaha Tegas Entertainment Systems Sdn Bhd ("UTES"), while UTES in turn holds 100% equity interest in All Asia Media Equities Limited ("AAME"). UTES and AAME collectively hold directly 1,249,075,472 AMH Shares representing approximately 23.957% equity interest in AMH as at 11 October 2018.
Although TAK is deemed to have an interest in the 1,249,075,472 AMH Shares collectively held by UTES and AAME, he does not have any economic or beneficial interest over such AMH Shares, as such interest is held subject to the terms of the discretionary trust referred to above; and
(b) the interests of East Asia Broadcast Network Systems N.V. ("EABNS"), Pacific Broadcast Systems N.V. ("PBS"), Home View Limited N.V. ("HVL"), Southpac Investments Limited N.V. ("SIL"), Ujud Cergas Sdn Bhd ("UCSB"), Metro Ujud Sdn Bhd ("MUSB"), MSSB, Prisma Gergasi Sdn Bhd ("PGSB") and Ujud Murni Sdn Bhd ("UMSB") which collectively hold directly 898,298,554 AMH Shares representing approximately 17.229% equity interest in AMH as at 11 October 2018. TAK is deemed to have an interest in the 898,298,554 AMH Shares collectively held by EABNS, PBS, HVL, SIL, UCSB, MUSB, MSSB, PGSB and UMSB by virtue of his 100% equity interest in their respective ultimate holding companies viz. Tucson N.V., Orient Systems Limited N.V., Home View Holdings N.V., Southpac Holdings N.V., All Asia Radio Broadcast N.V., Global Radio Systems N.V., Maestra International Broadcast N.V., Maestra Global Radio N.V. and Global Broadcast Systems N.V.
Since the announcement of a weak 2QFY19 result, Astro’s share price slumped 18.1% (Till 22 Oct 2018). For the coming quarter, Streets expect an earnings recovery due to normalisation of content cost and adex post-World Cup and tax holiday.
At current level (22 Oct 2018), Streets opine the market has already priced-in the negative factors concerning the group’s prospects while dividend yield remains attractive at c.7% pa. In addition, its valuation (22 Oct 2018) appears to be undemanding (currently trades at only 10.8x PE to FY20F EPS of 12.5 sen, more than 2SD below its 5-year historical average).
In addition, the single largest shareholder (T. Ananda Krishnan) has been accumulating Astro’s shares in the market of late (Total shares bought since June 2018: 14.2m).
Another potential catalyst would be the possible merger and/or privatisation by its major shareholder.
Convergence is the key to staying relevant in the long run. Astro is currently (22 Oct 2018) facing the risk of regulatory pressure with the new government planning to liberalise and promote competition in the pay-TV segment (as mentioned in the PH manifesto and mid-term review of 11th Malaysia Plan – to review and streamline the role of monopoly entities) through distribution of more broadcasting licenses to new players.
While it may be challenging for new players to survive in the long term given the capex-intensive nature of the industry, heavy investment required for content cost and the exclusivity of broadcasting rights, a foreign convergence player which has experience in telecommunication and media industries could still post an unprecedented threat to the local pay-TV incumbent.
Observers opine a merger with Maxis would be able to address this issue and enable Astro to compete effectively as a convergence player, offering disparate mobile, fixed broadband and pay TV services in a single package.
The potential impact of a merger deal is favourable to Astro as the shares will mostly likely be priced at a premium in the deal and the combined entity will benefit from earnings accretion being a convergence player.
To recap, despite recording flat revenue, Astro’s normalised net profit slumped by 80.8% YoY to RM46.6m in 2QFY19, mainly hit by i) the jump in content cost for 2018 FIFA World Cup broadcasting rights and worsen by the weaker ringgit, ii) the weaker-than-expected adex due to the reduced need to advertise during the tax holiday period (June-Aug 2018) and iii) the higher finance cost.
Post 2018 FIFA World Cup and tax holiday (only one month falls on 3QFY19) however, Streets expect both the exceptionally high content cost and weak adex to normalise and hence the group’s results to recover in the subsequent quarter.
Hope no one mislead by KLSE Screnner apps DY 8.5% figures...which calculated historical 12-months DY...better calc future DY based on previous quarter dividend rate..
If you notice the interval ad in drama series, it increases by around 100%. Last quater during 509, the number of ad is around 3, now can easily see 5-9 ads.
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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....
villa1668
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Posted by villa1668 > 2018-10-15 16:55 | Report Abuse
Just install tv box, watch football live for free. Why need to subscribe astro? La Liga, EPL, etc,. All available in TV Box. Including Spain vs England match tonight.