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ASTRO MALAYSIA HOLDINGS BERHAD  KLSE (MYR): ASTRO (6399) - THE DIVIDEND GEM

Dividend stock - ASTRO
 
Astro Malaysia Holdings Bhd is an entertainment holding company, operating in the diversified media industry. The company's business segments include television, radio, Homeshopping and others. The television segment provides content, creation, and aggregation of media. Additionally, it provides magazine publication and distribution. The radio segment provides radio broadcasting services to customers. 
 
CATALYST
1) Astro and Telekom have entered into a collaboration in delivering high-quality digital experience to all Malaysians through the provision of reliable broadband and content services. 
 
TM & ASTRO COLLABORATE TO DELIVER HIGH QUALITY DIGITAL EXPERIENCE | Press  Release | Mediaroom | Astro
 
2) Astro signs Netflix as new streaming partner
 
 
About Netflix - The Next Wave: Netflix Unveils Korean Lineup for 2022
 
3) The Intellectual Property High Court in Kuala Lumpur has declared that the sale and distribution of TV boxes or illicit streaming devices (ISDs) that can provide unauthorised access to copyrighted works constitutes a copyright infringement under the Copyright Act 1987.
 
 
4) Walt Disney picks Astro for Disney+ Hotstar
 
Disney+ Hotstar offered automatically for an extra RM5/month to Astro  Movies Pack customers | Showbiz | Malay Mail
 
5) Ad-spend rising higher than expected and the 15th General Election possibly taking place in 2022, boosting the ad market.
 
6) Inflationary pressure on raw material cost compressing the operating margin of sectors such as consumer and manufacturing, investors who look for inflation-resistant havens could find the media sector to be appealing as their cost base (content cost) are largely unaffected by inflationary pressure. 
 
7) Astro dividend yield may more than EPF return, extimately 6.5-8% per annum.
 
8) We expect a better Q4 FY22 from the economic reopening and rebound in advertising expenditure (adex).
 
9) Media Prima Bhd’s recent positive results indicates to us that we can expect not dissimilar results from Astro when it reports 4QFY1/22 results on March 31, 2022.
 
10) EPF keep buying recently, as 11 MAC 2022, they are holding 339,344,100 units
 
 
RISK
1) Content cost to increase on FIFA World Cup Qatar 2022
 
2) High inflation pressure will reduce the subscription from ASTRO
 
 
TA view:
EP: RM 0.99-1.02
SP: RM 0.98
RST: RM1.03/1.05
TP: RM 1.13/1.18/1.26
 
a) Trend: Mid term uptrend, long term sideway
b) MA5,10 & 20 cross above MA50
c) ADX, RSI and Stoschastic pointing up
d) 
MACD above 0 central line and cross up
 
 
Holding period: 9 months - 1 years
Potential Return if bought at RM1.00: 
TP1: RM 1.13 + 7 cents dividend (Extimation) = 20%
TP2: RM 1.18 + 7 cents dividend (Extimation) = 25%
TP3: RM 1.26 + 7 cents dividend (Extimation) = 33%
 
Broker houses target price:
1) CIMB RM 1.45
2) Maybank RM 1.47
3) HLG RM 1.40
4) Kenanga RM 1.07
 
Additional references:
 
 

Wanna be yours star | Wiki | Astro Amino

Disclaimer : The above opinion is never intended to be a BUY SELL CALL. The above article purely for education purpose base on observations, chart and data. Thank you.

https://klse.i3investor.com/web/blog/detail/Potential_Stock/2022-03-18-story-h1600304004-ASTRO_THE_DIVIDEND_GEM_THAT_MORE_THAN_EPF
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