BPL rights won't affect Astro earnings
Publish date: Wed, 21 Nov 2012, 04:38 PM
KUALA LUMPUR: Astro Malaysia Holdings Bhd's earnings are
not expected to be significantly impacted following the winning of the broadcasting rights to Barclays Premier League (BPL).
In a note today, MIDF Research Sdn Bhd said the estimated content cost as a percentage of revenue will increase by one-two percentage points in financial year 2014 from the current 32 per cent.
"The impact to Astro will also be positive as it will limit the churn rate of its subscribers," it said.
MIDF Research said the winning bid for BPL for the next three seasons starting from season 2013-2014 should remove a lot of uncertainty for Astro.
"At the current price level, we believe that it is an attractive entry point for investors to accumulate on Astro's shares," it said.
The research firm has maintained its 'buy' call on Astro with an unchanged target price of RM3.40.
As at 3.08 pm today, Astro fell four sen to RM2.66. -- BERNAMA
not expected to be significantly impacted following the winning of the broadcasting rights to Barclays Premier League (BPL).
In a note today, MIDF Research Sdn Bhd said the estimated content cost as a percentage of revenue will increase by one-two percentage points in financial year 2014 from the current 32 per cent.
"The impact to Astro will also be positive as it will limit the churn rate of its subscribers," it said.
MIDF Research said the winning bid for BPL for the next three seasons starting from season 2013-2014 should remove a lot of uncertainty for Astro.
"At the current price level, we believe that it is an attractive entry point for investors to accumulate on Astro's shares," it said.
The research firm has maintained its 'buy' call on Astro with an unchanged target price of RM3.40.
As at 3.08 pm today, Astro fell four sen to RM2.66. -- BERNAMA
Labels: ASTRO
Discussions
Be the first to like this. Showing 2 of 2 comments
this what i believe they will try to influence you from many ways... margin call is coming. everyone forced to sell now. RM 2.50 is my entry level.
2012-11-22 00:36
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
4
save malaysia!
Visa-free travel to China extended for Malaysians to 30 days
5
6
7
BFM Podcast
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
No trading signals available.
Stock
Time
Signal
Duration
No trading signals available.
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
kcyap62
TP 3.40 will become a reality ???????????????.
2012-11-21 21:21