Reported Earnings • Mar 26
Full year 2026 earnings released: EPS: RM0.012 (vs RM0.025 in FY 2025) Full year 2026 results: EPS: RM0.012 (down from RM0.025 in FY 2025). Revenue: RM2.79b (down 9.1% from FY 2025). Net income: RM63.1m (down 51% from FY 2025). Profit margin: 2.3% (down from 4.2% in FY 2025). Revenue is forecast to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Media industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Announcement • Mar 03
Astro Malaysia Holdings Berhad to Report Q4, 2026 Results on Mar 25, 2026 Astro Malaysia Holdings Berhad announced that they will report Q4, 2026 results at 5:00 PM, Singapore Standard Time on Mar 25, 2026 New Risk • Mar 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM391.9m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings are forecast to decline by an average of 33% per year for the foreseeable future. Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (RM391.9m market cap, or US$99.8m). New Risk • Feb 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings are forecast to decline by an average of 33% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). Major Estimate Revision • Dec 17
Consensus EPS estimates fall by 54% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM2.75b to RM2.71b. EPS estimate also fell from RM0.0054 per share to RM0.0025 per share. Net income forecast to shrink 64% next year vs 22% decline forecast for Media industry in Malaysia. Consensus price target down from RM0.10 to RM0.094. Share price rose 5.0% to RM0.10 over the past week. Price Target Changed • Dec 11
Price target decreased by 13% to RM0.091 Down from RM0.10, the current price target is an average from 4 analysts. New target price is 17% below last closing price of RM0.11. Stock is down 51% over the past year. The company is forecast to post earnings per share of RM0.0025 for next year compared to RM0.025 last year. Reported Earnings • Dec 11
Third quarter 2026 earnings released: EPS: RM0.002 (vs RM0.009 in 3Q 2025) Third quarter 2026 results: EPS: RM0.002 (down from RM0.009 in 3Q 2025). Revenue: RM695.6m (down 7.2% from 3Q 2025). Net income: RM9.20m (down 80% from 3Q 2025). Profit margin: 1.3% (down from 6.3% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Media industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 42% per year whereas the company’s share price has fallen by 46% per year. Announcement • Nov 13
Astro Malaysia Holdings Berhad to Report Q3, 2026 Results on Dec 10, 2025 Astro Malaysia Holdings Berhad announced that they will report Q3, 2026 results on Dec 10, 2025 New Risk • Oct 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings are forecast to decline by an average of 39% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Major Estimate Revision • Oct 02
Consensus EPS estimates fall by 51% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM2.99b to RM2.75b. EPS estimate also fell from RM0.011 per share to RM0.0054 per share. Net income forecast to shrink 61% next year vs 13% decline forecast for Media industry in Malaysia. Consensus price target down from RM0.14 to RM0.10. Share price was steady at RM0.14 over the past week. Reported Earnings • Sep 26
Second quarter 2026 earnings released: EPS: RM0.003 (vs RM0.01 in 2Q 2025) Second quarter 2026 results: EPS: RM0.003 (down from RM0.01 in 2Q 2025). Revenue: RM683.2m (down 13% from 2Q 2025). Net income: RM16.4m (down 70% from 2Q 2025). Profit margin: 2.4% (down from 6.9% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Media industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 45% per year, which means it has not declined as severely as earnings. Announcement • Sep 23
Astro Malaysia Holdings Berhad to Report Q2, 2026 Results on Sep 25, 2025 Astro Malaysia Holdings Berhad announced that they will report Q2, 2026 results on Sep 25, 2025 Price Target Changed • Jun 20
Price target decreased by 7.7% to RM0.14 Down from RM0.16, the current price target is an average from 5 analysts. New target price is 10% below last closing price of RM0.16. Stock is down 55% over the past year. The company is forecast to post earnings per share of RM0.01 for next year compared to RM0.025 last year. Reported Earnings • May 25
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: RM0.025 (up from RM0.008 in FY 2024). Revenue: RM3.08b (down 8.0% from FY 2024). Net income: RM129.1m (up 205% from FY 2024). Profit margin: 4.2% (up from 1.3% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 49%. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Media industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance. New Risk • May 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings are forecast to decline by an average of 8.4% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: RM0.025 (vs RM0.008 in FY 2024) Full year 2025 results: EPS: RM0.025 (up from RM0.008 in FY 2024). Revenue: RM3.08b (down 8.0% from FY 2024). Net income: RM129.1m (up 205% from FY 2024). Profit margin: 4.2% (up from 1.3% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Media industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 21 percentage points per year, which is a significant difference in performance. Announcement • Feb 24
Astro Malaysia Holdings Berhad to Report Q4, 2025 Results on Mar 25, 2025 Astro Malaysia Holdings Berhad announced that they will report Q4, 2025 results on Mar 25, 2025 Reported Earnings • Dec 13
Third quarter 2025 earnings released: EPS: RM0.009 (vs RM0.008 loss in 3Q 2024) Third quarter 2025 results: EPS: RM0.009 (up from RM0.008 loss in 3Q 2024). Revenue: RM749.7m (down 9.5% from 3Q 2024). Net income: RM47.0m (up RM87.6m from 3Q 2024). Profit margin: 6.3% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 8.4% growth forecast for the Media industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Dec 12
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM3.20b to RM3.16b. EPS estimate also fell from RM0.025 per share to RM0.021 per share. Net income forecast to grow 59% next year vs 25% growth forecast for Media industry in Malaysia. Consensus price target down from RM0.28 to RM0.25. Share price fell 6.3% to RM0.23 over the past week. Announcement • Nov 19
Astro Malaysia Holdings Berhad to Report Q3, 2025 Results on Dec 11, 2024 Astro Malaysia Holdings Berhad announced that they will report Q3, 2025 results on Dec 11, 2024 Price Target Changed • Oct 10
Price target decreased by 7.6% to RM0.28 Down from RM0.30, the current price target is an average from 8 analysts. New target price is 13% above last closing price of RM0.25. Stock is down 44% over the past year. The company is forecast to post earnings per share of RM0.027 for next year compared to RM0.0081 last year. Reported Earnings • Oct 03
Second quarter 2025 earnings released: EPS: RM0.01 (vs RM0.005 in 2Q 2024) Second quarter 2025 results: EPS: RM0.01 (up from RM0.005 in 2Q 2024). Revenue: RM787.3m (down 6.0% from 2Q 2024). Net income: RM54.7m (up 133% from 2Q 2024). Profit margin: 6.9% (up from 2.8% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Media industry in Asia are expected to grow by 8.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. New Risk • Jul 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Major Estimate Revision • Jul 02
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM3.30b to RM3.24b. EPS estimate also fell from RM0.035 per share to RM0.029 per share. Net income forecast to grow 249% next year vs 9.2% growth forecast for Media industry in Malaysia. Consensus price target down from RM0.33 to RM0.32. Share price fell 8.8% to RM0.31 over the past week. Reported Earnings • Jun 26
First quarter 2025 earnings released: EPS: RM0.003 (vs RM0.003 in 1Q 2024) First quarter 2025 results: EPS: RM0.003 (in line with 1Q 2024). Revenue: RM772.5m (down 9.8% from 1Q 2024). Net income: RM17.0m (up 22% from 1Q 2024). Profit margin: 2.2% (up from 1.6% in 1Q 2024). Revenue is forecast to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Media industry in Malaysia are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. New Risk • May 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Announcement • May 19
Astro Malaysia Holdings Berhad, Annual General Meeting, Jun 26, 2024 Astro Malaysia Holdings Berhad, Annual General Meeting, Jun 26, 2024, at 14:00 Singapore Standard Time. Location: all asia broadcast centre, technology park malaysia, lebuhraya puchong-sungai besi, bukit jalil, 57000 kuala lumpur, Malaysia Price Target Changed • Apr 23
Price target decreased by 7.4% to RM0.33 Down from RM0.35, the current price target is an average from 10 analysts. New target price is 6.9% above last closing price of RM0.30. Stock is down 56% over the past year. The company is forecast to post earnings per share of RM0.035 for next year compared to RM0.0081 last year. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: RM0.007 (vs RM0.05 in FY 2023) Full year 2024 results: EPS: RM0.007 (down from RM0.05 in FY 2023). Revenue: RM3.34b (down 12% from FY 2023). Net income: RM42.3m (down 84% from FY 2023). Profit margin: 1.3% (down from 6.8% in FY 2023). Revenue is forecast to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Media industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Announcement • Mar 18
Astro Malaysia Holdings Berhad(KLSE:ASTRO) dropped from FTSE All-World Index (USD) Astro Malaysia Holdings Berhad(KLSE:ASTRO) dropped from FTSE All-World Index (USD) Announcement • Feb 28
Astro Malaysia Holdings Berhad to Report Q4, 2024 Results on Mar 21, 2024 Astro Malaysia Holdings Berhad announced that they will report Q4, 2024 results on Mar 21, 2024 Major Estimate Revision • Dec 21
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM3.61b to RM3.50b. EPS estimate also fell from RM0.048 per share to RM0.038 per share. Net income forecast to grow 262% next year vs 29% growth forecast for Media industry in Malaysia. Consensus price target down from RM0.52 to RM0.43. Share price rose 11% to RM0.41 over the past week. Announcement • Dec 20
Astro Malaysia Holdings Berhad Announces the Resignation of Shafiq Bin Abdul Jabbar as Chief Financial Officer, Effective January 1, 2024 Astro Malaysia Holdings Berhad announced the resignation of ENCIK SHAFIQ BIN ABDUL JABBAR as Chief Financial Officer, effective January 1, 2024. Age is 46. ENCIK SHAFIQ BIN ABDUL JABBAR holds Bachelor of Commerce (majoring in Accounting and Finance) from University of Melbourne, Australia. ENCIK SHAFIQ BIN ABDUL JABBAR is Fellow Member of Chartered Accountants Australia and New Zealand. Announcement • Dec 19
Astro Malaysia Holdings Berhad Announces the Appointment of Grace Lee Hwee Leng as Chief Financial Officer, Effective January 1, 2024 Astro Malaysia Holdings Berhad announced the appointment of DR GRACE LEE HWEE LENG as Chief Financial Officer, effective January 1, 2024. Age is 48. Dr. Grace Lee re-joined Astro as the Group Chief Operating Officer in August 2023. Immediately prior to that, she was the Chief Financial Officer of Aeon Co. (M) Berhad. Before joining Aeon, she had served Astro from 2002 until 2021 and held several roles which included Head of Process Improvement, Group Financial Controller, Chief Risk Officer, Chief Executive Officer of Go Shop and Group Transformation Officer. She holds PhD in Business Administration from ELM Graduate School, Help University. She holds Bachelor of Accounting & Finance from Curtin University, Australia. She holds Master of Business Administration from Charles Sturt University, Australia. She is Fellow Member of Certified Practising Accountant Australia & Association of International Certified Professional Accountants. She is Certified Information Systems Auditor (CISA, US) & Certified in the Governance of Enterprise IT (CGEIT, US) Information Systems Audit and Control Association. She is Director of Tune Protect Group Berhad. Price Target Changed • Dec 15
Price target decreased by 16% to RM0.44 Down from RM0.52, the current price target is an average from 12 analysts. New target price is 22% above last closing price of RM0.36. Stock is down 47% over the past year. The company is forecast to post earnings per share of RM0.04 for next year compared to RM0.05 last year. Announcement • Nov 15
Astro Malaysia Holdings Berhad to Report Q3, 2024 Results on Dec 14, 2023 Astro Malaysia Holdings Berhad announced that they will report Q3, 2024 results on Dec 14, 2023 Major Estimate Revision • Oct 02
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM3.72b to RM3.64b. EPS estimate also fell from RM0.069 per share to RM0.052 per share. Net income forecast to grow 174% next year vs 30% growth forecast for Media industry in Malaysia. Consensus price target down from RM0.65 to RM0.53. Share price fell 9.8% to RM0.46 over the past week. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 14% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (152% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Reported Earnings • Sep 26
Second quarter 2024 earnings released: EPS: RM0.005 (vs RM0.019 in 2Q 2023) Second quarter 2024 results: EPS: RM0.005 (down from RM0.019 in 2Q 2023). Revenue: RM869.8m (down 5.6% from 2Q 2023). Net income: RM23.6m (down 76% from 2Q 2023). Profit margin: 2.7% (down from 11% in 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Aug 25
Astro Malaysia Holdings Berhad to Report Q2, 2024 Results on Sep 25, 2023 Astro Malaysia Holdings Berhad announced that they will report Q2, 2024 results on Sep 25, 2023 New Risk • Jun 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.7% net profit margin). Price Target Changed • Jun 20
Price target decreased by 8.8% to RM0.65 Down from RM0.72, the current price target is an average from 12 analysts. New target price is 5.2% above last closing price of RM0.62. Stock is down 34% over the past year. The company is forecast to post earnings per share of RM0.07 for next year compared to RM0.05 last year. Reported Earnings • Jun 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: RM0.05 (down from RM0.088 in FY 2022). Revenue: RM3.80b (down 9.0% from FY 2022). Net income: RM259.0m (down 44% from FY 2022). Profit margin: 6.8% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Media industry in Asia are expected to grow by 11%. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • May 23
Astro Malaysia Holdings Berhad, Annual General Meeting, Jun 21, 2023 Astro Malaysia Holdings Berhad, Annual General Meeting, Jun 21, 2023, at 14:00 Singapore Standard Time. Location: All Asia Broadcast Centre, Technology Park Malaysia, Lebuhraya Puchong-Sungai Besi, Bukit Jalil Kuala Lumpur Malaysia Agenda: To receive the Audited Financial Statements of the Company for the financial year ended 31 January 2023 and the Reports of the Directors and Auditors thereon; to re-elect the directors; to approve the payment of Directors' fees and benefits for the period from 22 June 2023 until the next Annual General Meeting of the Company to be held in 2024; to re-appoint Messrs. PricewaterhouseCoopers PLT as Auditors of the Company to hold office until the conclusion of the next Annual General Meeting and to authorize the Directors of the Company to fix their remuneration; to consider Authority for the Directors of the Company to Issue Ordinary Shares; to consider renewal of Authority for the Directors of the Company to Issue Ordinary Shares in relation to the Dividend Reinvestment Plan; and to consider any other matters. Announcement • May 19
Astro Malaysia Holdings Berhad to Report Q1, 2024 Results on Jun 19, 2023 Astro Malaysia Holdings Berhad announced that they will report Q1, 2024 results on Jun 19, 2023 Reported Earnings • Mar 28
Full year 2023 earnings: Revenues miss analyst expectations Full year 2023 results: Revenue: RM3.80b (down 9.0% from FY 2022). Net income: RM259.0m (down 44% from FY 2022). Profit margin: 6.8% (down from 11% in FY 2022). Revenue missed analyst estimates by 3.9%. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Media industry in Asia are expected to grow by 11%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 28
Price target decreased by 7.1% to RM0.77 Down from RM0.83, the current price target is an average from 12 analysts. New target price is 12% above last closing price of RM0.69. Stock is down 36% over the past year. Buying Opportunity • Mar 20
Now 23% undervalued Over the last 90 days, the stock is up 4.5%. The fair value is estimated to be RM0.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to decline by 2.0% per annum. Earnings is forecast to grow by 5.3% per annum over the same time period. Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent & Non-Executive Alternate Director Matthew Turner was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Dec 22
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from RM4.03b to RM3.95b. EPS estimate also fell from RM0.08 per share to RM0.08 per share. Net income forecast to grow 31% next year vs 15% growth forecast for Media industry in Malaysia. Consensus price target down from RM0.92 to RM0.84. Share price fell 7.7% to RM0.66 over the past week. Price Target Changed • Dec 16
Price target decreased to RM0.87 Down from RM0.94, the current price target is an average from 12 analysts. New target price is 27% above last closing price of RM0.69. Stock is down 30% over the past year. The company is forecast to post earnings per share of RM0.085 for next year compared to RM0.088 last year. Reported Earnings • Dec 16
Third quarter 2023 earnings released: EPS: RM0 (vs RM0.02 in 3Q 2022) Third quarter 2023 results: EPS: RM0 (down from RM0.02 in 3Q 2022). Revenue: RM926.2m (down 9.4% from 3Q 2022). Net income: RM5.80m (down 95% from 3Q 2022). Profit margin: 0.6% (down from 10% in 3Q 2022). Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Media industry in Asia are expected to grow by 12%. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 20% per year. Announcement • Nov 15
Astro Malaysia Holdings Berhad to Report Q3, 2023 Results on Dec 15, 2022 Astro Malaysia Holdings Berhad announced that they will report Q3, 2023 results on Dec 15, 2022 Upcoming Dividend • Oct 04
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 11 October 2022. Payment date: 25 October 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 8.7%. Within top quartile of Malaysian dividend payers (5.3%). Higher than average of industry peers (2.9%). 
