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PETALING JAYA: Astro Malaysia Holdings Bhd expects its revenue and net profit growth to expand faster in the current financial year ending Jan 31, 2018 (FY18) after a flattish FY17.
KUALA LUMPUR: CIMB Equities Research said Astro Malaysia’s 1HFY1/14 revenue rose 13% on-year on a higher subscriber base, average revenue per user (ARPU) and adex.
Shares of Astro fell in active trade on Monday in line with the cautious markets though the price reaction could be seen as overdone.
PETALING JAYA: Astro Malaysia Holdings Bhd shares fell to a six-year low yesterday, amid fears of potential rising content cost and impact from growing competition.
KUALA LUMPUR: Astro Malaysia Holdings Bhd’s wholly-owned unit, Astro Digital Sdn Bhd, has entered into a binding term sheet with Grup Majalah Karangkraf Sdn Bhd (GMK) and its wholly-owned subsidiary, Karangkraf Digital 360 Sdn Bhd (KK360).
PETALING JAYA: Astro Malaysia Holdings Bhd’s exclusivity as the sole satellite pay-TV operator in the country has come to an end, as it will soon face competition from a new cable TV operator called Ansa Broadcast.
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.
KUALA LUMPUR: Astro Malaysia Holdings Bhd will remain dominant in the local satellite television sector despite the launch of another pay-TV service next month.
PETALING JAYA: Astro Malaysia Holdings Bhd has received a summons from Indonesias PT Direct Vision for an unlawful act or tort, for which it will seek legal advice.
Astro Malaysia Holdings Bhd's revenue rose 10% to RM4.3bil in the financial year ended Jan 31, 2013 driven by new customers and good take-up of value added products.