KUALA LUMPUR: Affin Research has maintained its Add call on Astro
with a target rice of RM3.70, it said in a note on Monday.
Affin said it favours Astro due to its idominance in the pay TV segment in Malaysia through its continuous improvement in content, rising subscribers, ARPU and adex revenue, which should continue to boost eanings and expectation that the reinvestment stage will bear fruit, as Astro’s peak operating capex cycle is coming to an end.
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