KUALA LUMPUR: CIMB Equities Research keeps Astro
Malaysia as an Outperform with a target price of RM3.52, which is an upside of 23.6% from the current price of RM2.85.
“We maintain our FY14-16 EPS forecasts and DCF-based target price. Astro remains an Outperform. The high-definition set-top box (STB) swaps and lower operating expenses in FY15 will be re-rating catalysts,” it said on Friday.
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