The private motions were proposed by Star Media Group as a proprietor of Menara Star.
PETALING JAYA: Star Media Group Bhd’s (SMG) stock has been upgraded to an “add” by CGSCIMB with the company’s earnings outlook raised significantly after the company’s 2018 financial year results.
“The fading relevance of print is also a blessing in disguise as Star Media is now able to reduce its newsprint cost, which soared to an all-time high of around US$750 per tonne at end-2018,” it said in a report after SMG’s 2018 financial results were announced.
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