RHB lifts earnings forecasts on Astro, new TP at RM1.93


KUALA LUMPUR: RHB research has revised higher its earnings forecasts on Astro Malaysia Holdings Bhd after it trumped earnings expectations on the back of better opex efficiencies.

"We lift FY20, FY21 and FY22F core earnings by 14%, 5.2%, 6.2% after factoring in stronger opex gains, and roll over our forecast base year to FY21.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Pos Malaysia welcomes MyCC review, flags competition concerns
Perdana Petroleum posts lower net profit of RM56.09mil in FY25
INSKEN leverages AI to empower entrepreneurs in high-value sectors
TXCD secures RM119.1mil in construction contracts
Ringgit extends gains, boosted by strong economic data
Setia to launch Aurora Phase 1 at Setia Bayuemas in Klang
Axis-REIT’s Wisma Kemajuan partially hit by fire
MSCI adds KSL, removes four from Malaysia Small Cap Index
MRMA: Withholding tax framework an essential strategic instrument
FBM KLCI rebounds 0.5%; Maybank hits record high

Others Also Read