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By Asia Analytica / The Edge Financial Daily   | July 21, 2016 : 10:42 AM MYT

This article first appeared in The Edge Financial Daily, on July 21, 2016.

Asia Media Group Bhd (-ve)

SHARES in Asia Media Group Bhd (fundamental: 1.65/3, valuation: 0.9/3) gained two sen or 15.39% to 15 sen, with 34.58 million shares traded yesterday.

Its current share price values the group at RM34.72 million.

The group offers high-quality infotainment and targeted advertising through the use of digital electronic displays installed in various outdoor premises, including in buses and coaches.

For the first quarter ended March 31, 2016 (1QFY16), Asia Media reported a net loss of RM1.36 million, narrowed by 75.55% from RM5.58 million a year ago, while revenue fell by 30.58% to RM2.47 million, from RM3.56 million in 1QFY15.

The group said in its quarterly results filing that the reduction in losses was due to better cost control and lower depreciation charges.

Going forward, Asia Media said prospects for the next quarter will be challenging due to the existing competitive business environment.

AMEDIA (0159) - Stock With Momentum: Asia Media Group
http://www.theedgemarkets.com/my/article/stock-momentum-asia-media-group
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