Astro remains in positive territory despite several headwinds

“Astro is not stopping at Netflix, Disney Hotstar, HBO GO, and iQIYI. In 2022, the group will bundle in Indian streaming service Zee5 and the British Broadcasting Corp’s Player to its pay-TV and streaming offerings. There are others coming, too,” said CGS-CIMB Research.

PETALING JAYA: Astro Malaysia Holdings Bhd is expected to maintain a positive outlook despite several headwinds.

CGS-CIMB Research said in a note yesterday that the Malaysian the pay-TV operator’s core net profit of the first quarter of financial year (1Q23) made up 25% of their full-year forecast, which was in line with expectations.