Astro results within forecast


Industry sources said BTVM and Astro have disagreements over several issues that could possibly lead to legal suits.

KUALA LUMPUR: Astro Malaysia Holdings Bhd’s latest financial results were largely within analysts’ expectations, with research houses reckoning that the pay-TV operator will see stronger earnings growth in financial year ending Jan 31, 2018 (FY18).

CIMB Research expects Astro to post a stronger earnings growth in FY18 in view of lower content cost due to minimal sporting events, higher adex and stronger earnings from home-shopping.

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