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PETALING JAYA: Despite weak second-quarter results, analysts reckon that there are encouraging signs for Astro Malaysia Holdings Bhd going forward, which include a rebound in earnings in the coming quarters and positive net additions for its pay-TV subscribers.
PETALING JAYA: Pay-TV operator Astro Malaysia Holdings Bhd’s share price surged by about 14%, following a news report on possible privatisation by its billionaire owner T. Ananda Krishnan (pic).
WITH numerous research houses backing it as a top performer, will Astro Malaysia Holdings Bhd prove its detractors wrong with its third quarter results slated to be released on Dec 5?
KUALA LUMPUR: Astro Malaysia Holdings Bhd expects the average revenue per user (arpu) growth trajectory it achieved in the first six months of its current financial year ending Jan 31, 2014 to continue in the second half as the company continues to migrate its customers to the B.yond high-definition (HD) platform.
PETALING JAYA: A day after Astro Malaysia Holdings Bhd addressed publicly a customer data leak and posted weaker financial results, the company’s long-serving chief executive officer Datuk Rohana Rozhan has given notice of her resignation effective Jan 31, 2019.
Astro Malaysia Holdings Bhd, which was relisted on Friday, attracted strong trading interest and rose to a high of RM3.11 as company officials forecast a strong performance for Malaysia's largest Pay-TV operator.
PETALING JAYA: In a strategic review of its business to strengthen its position in the market, Astro Malaysia Holdings Bhd will be undertaking a voluntary separation scheme (VSS) for its employees, offered purely on a voluntary basis.
PETALING JAYA: Astro Malaysia Holdings Bhd posted lower earnings in the second quarter ended July 31, as the high content cost of the 2018 FIFA World Cup reduced its margins, while the weaker ringgit resulted in higher finance charges.
PETALING JAYA: Astro Malaysia Holdings Bhd’s venture into the online platform is expected to keep the satellite service provider relevant among users, say analysts.
Astro Malaysia Bhd made its debut on the Main Market on Friday at RM3.03, which was three sen above its offer price of RM3 per share.