Upcoming Dividend • May 14
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 21 May 2026. Payment date: 15 June 2026. The company is not currently making a profit and its cash payout ratio is 91%. Trailing yield: 4.5%. Lower than top quartile of Malaysian dividend payers (5.4%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 23
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: RM0.006 loss per share (down from RM0.092 profit in FY 2024). Revenue: RM208.3m (down 16% from FY 2024). Net loss: RM4.30m (down 106% from profit in FY 2024). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 26%. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Apr 19
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 105% Dividend yield: 4.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 105% Minor Risk Market cap is less than US$100m (RM231.9m market cap, or US$58.7m). Declared Dividend • Apr 18
Dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 21st May 2026 Payment date: 15th June 2026 Dividend yield will be 4.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (14% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Announcement • Apr 16
Star Media Group Berhad, Annual General Meeting, May 18, 2026 Star Media Group Berhad, Annual General Meeting, May 18, 2026, at 10:00 Singapore Standard Time. Location: cybertorium, level 2, menara star, 15 jalan 16/11, 46350 petaling jaya, selangor darul ehsan, Malaysia Reported Earnings • Feb 25
Full year 2025 earnings released: RM0.006 loss per share (vs RM0.092 profit in FY 2024) Full year 2025 results: RM0.006 loss per share (down from RM0.092 profit in FY 2024). Revenue: RM208.3m (down 16% from FY 2024). Net loss: RM4.30m (down 106% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Dec 02
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM221.2m to RM211.4m. Now expected to report a loss of RM0.008 per share instead of RM0.003 per share profit previously forecast. Media industry in Malaysia expected to see average net income decline 22% next year. Consensus price target of RM0.33 unchanged from last update. Share price was steady at RM0.36 over the past week. Reported Earnings • Nov 26
Third quarter 2025 earnings released: RM0.005 loss per share (vs RM0.003 profit in 3Q 2024) Third quarter 2025 results: RM0.005 loss per share (down from RM0.003 profit in 3Q 2024). Revenue: RM47.9m (down 20% from 3Q 2024). Net loss: RM3.62m (down 245% from profit in 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 1.2% decline forecast for the Media industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 26
Consensus EPS estimates fall by 73% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM232.8m to RM221.2m. EPS estimate also fell from RM0.011 per share to RM0.003 per share. Net income forecast to shrink 93% next year vs 56% decline forecast for Media industry in Malaysia. Consensus price target down from RM0.37 to RM0.34. Share price rose 2.6% to RM0.39 over the past week. Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: RM0 (vs RM0.01 in 2Q 2024) Second quarter 2025 results: EPS: RM0 (down from RM0.01 in 2Q 2024). Revenue: RM51.5m (down 31% from 2Q 2024). Net loss: RM231.0k (down 103% from profit in 2Q 2024). Revenue is forecast to grow 5.1% 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 increased by 125% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 18
Price target decreased by 10% to RM0.37 Down from RM0.41, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of RM0.39. Stock is up 1.3% over the past year. The company is forecast to post earnings per share of RM0.011 for next year compared to RM0.092 last year. Major Estimate Revision • Jun 03
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM247.4m to RM228.3m. EPS estimate also fell from RM0.016 per share to RM0.011 per share. Net income forecast to shrink 86% next year vs 43% decline forecast for Media industry in Malaysia. Consensus price target down from RM0.41 to RM0.39. Share price fell 10% to RM0.40 over the past week. Price Target Changed • May 28
Price target decreased by 9.2% to RM0.39 Down from RM0.43, the current price target is an average from 3 analysts. New target price is 8.5% below last closing price of RM0.43. Stock is up 8.9% over the past year. The company is forecast to post earnings per share of RM0.01 for next year compared to RM0.092 last year. Upcoming Dividend • May 22
Upcoming dividend of RM0.04 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 11 June 2025. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Malaysian dividend payers (5.5%). Lower than average of industry peers (2.6%). Reported Earnings • May 01
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: RM0.092 (up from RM0.01 in FY 2023). Revenue: RM247.6m (up 13% from FY 2023). Net income: RM66.8m (up RM59.3m from FY 2023). Profit margin: 27% (up from 3.4% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Media industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 26
Dividend of RM0.04 announced Shareholders will receive a dividend of RM0.04. Ex-date: 29th May 2025 Payment date: 11th June 2025 Dividend yield will be 9.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 98% over the next 2 years. Since a fall of 47% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Apr 24
Star Media Group Berhad, Annual General Meeting, May 26, 2025 Star Media Group Berhad, Annual General Meeting, May 26, 2025, at 10:00 Singapore Standard Time. Location: cybertorium, level 2, menara star, 15 jalan 16/11, 46350 selangor darul ehsan, petaling jaya Malaysia Announcement • Mar 21
Star Media Group Berhad Proposes Special Final Dividend for the Financial Year Ended 31 December 2024 The Board of Directors of Star Media Group Berhad proposed a Special Final Dividend of 3.0 sen per ordinary share in respect of the financial year ended 31 December 2024, subject to the shareholders’ approval at the forthcoming Fifty-Third ("53rd") Annual General Meeting of the Company. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: RM0.092 (vs RM0.01 in FY 2023) Full year 2024 results: EPS: RM0.092 (up from RM0.01 in FY 2023). Revenue: RM247.6m (up 13% from FY 2023). Net income: RM66.8m (up RM59.3m from FY 2023). Profit margin: 27% (up from 3.4% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue is expected to decline by 1.1% p.a. on average during the next 2 years, while revenues in the Media industry in Asia are expected to grow by 7.7%. Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Nov 26
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM260.6m to RM244.3m. EPS estimate also fell from RM0.018 per share to RM0.015 per share. Net income forecast to grow 3.7% next year vs 23% growth forecast for Media industry in Malaysia. Consensus price target down from RM0.45 to RM0.43. Share price was steady at RM0.41 over the past week. New Risk • Nov 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (RM297.2m market cap, or US$66.5m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: RM0.004 (vs RM0 in 3Q 2023) Third quarter 2024 results: EPS: RM0.004 (up from RM0 in 3Q 2023). Revenue: RM59.6m (up 8.6% from 3Q 2023). Net income: RM2.50m (up RM2.45m from 3Q 2023). Profit margin: 4.2% (up from 0.1% in 3Q 2023). The increase in margin was driven by higher revenue. 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, earnings per share has increased by 126% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 27
Consensus EPS estimates increase by 130% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from RM233.2m to RM252.8m. EPS estimate increased from RM0.0065 to RM0.0149 per share. Net income forecast to shrink 11% next year vs 27% growth forecast for Media industry in Malaysia . Consensus price target up from RM0.36 to RM0.44. Share price rose 11% to RM0.47 over the past week. Price Target Changed • Aug 21
Price target increased by 12% to RM0.39 Up from RM0.35, the current price target is an average from 3 analysts. New target price is 6.0% below last closing price of RM0.42. Stock is up 11% over the past year. The company is forecast to post earnings per share of RM0.015 for next year compared to RM0.01 last year. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: RM0.01 (vs RM0.001 in 2Q 2023) Second quarter 2024 results: EPS: RM0.01 (up from RM0.001 in 2Q 2023). Revenue: RM74.1m (up 28% from 2Q 2023). Net income: RM7.49m (up RM6.70m from 2Q 2023). Profit margin: 10% (up from 1.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jul 11
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from RM0.0077 to RM0.0065. Revenue forecast unchanged from RM233.2m at last update. Net income forecast to grow 10% next year vs 9.2% growth forecast for Media industry in Malaysia. Consensus price target broadly unchanged at RM0.35. Share price was steady at RM0.39 over the past week. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: RM0 (vs RM0.002 in 1Q 2023) First quarter 2024 results: EPS: RM0 (down from RM0.002 in 1Q 2023). Revenue: RM53.3m (up 2.5% from 1Q 2023). Net loss: RM193.0k (down 117% from profit in 1Q 2023). Revenue is forecast to grow 3.9% 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 increased by 85% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • May 21
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 12 June 2024. Payout ratio is on the higher end at 97% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Malaysian dividend payers (4.3%). In line with average of industry peers (2.6%). Declared Dividend • Apr 27
Dividend of RM0.01 announced Dividend of RM0.01 is the same as last year. Ex-date: 28th May 2024 Payment date: 12th June 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (305% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 239% to bring the payout ratio under control. EPS is expected to grow by 55% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Apr 27
Star Media Group Berhad, Annual General Meeting, May 27, 2024 Star Media Group Berhad, Annual General Meeting, May 27, 2024, at 10:00 China Standard Time. Location: Cyberhub, Level 2, Menara Star, 15, Jalan 16/11 46350 Petaling Jaya, Selangor Darul Ehsan Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Directors' and the Auditors' Reports thereon; to approve the payment of a first and final single-tier dividend; to approve reelection of directors; to re-appoint Messrs BDO PLT as Auditors of the Company and to fix their remuneration; to approve authority to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016; to approve renewal of share buy back authority; and to other matters. Announcement • Mar 22
Star Media Group Berhad Proposes First and Final Single-Tier Dividend in Respect of the Financial Year Ended 31 December 2023 The Board of Directors of Star proposed a First and Final Single-Tier Dividend of 1.0 sen per ordinary share in respect of the financial year ended 31 December 2023 subject to the shareholders’ approval at the forthcoming Fifty-Second Annual General Meeting of the Company. New Risk • Feb 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 381% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 305% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (RM297.2m market cap, or US$62.0m). Price Target Changed • Feb 21
Price target decreased by 15% to RM0.35 Down from RM0.41, the current price target is an average from 4 analysts. New target price is 15% below last closing price of RM0.41. Stock is up 30% over the past year. The company is forecast to post earnings per share of RM0.0077 for next year compared to RM0.01 last year. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: RM0.01 (vs RM0.01 in FY 2022) Full year 2023 results: EPS: RM0.01 (in line with FY 2022). Revenue: RM220.0m (up 1.5% from FY 2022). Net income: RM7.49m (up 8.2% from FY 2022). Profit margin: 3.4% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% 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, earnings per share has increased by 62% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Dec 13
JAKS Resources Berhad and Star Media Group Berhad Provides Update on Claim on Corporate Guarantee JAKS Resources Berhad ("JRB" or the "Company") and Star Media Group Berhad Provides Update on Claim on Corporate Guarantee. Further to the announcement dated 9 May 2023 and the update on Material Litigation in the third quarter results issued on 28 November 2023, the Board of Directors of the Company announced that the Hearing for the above matter which was scheduled on 6 December 2023 was adjourned to 7 March 2024. Major Estimate Revision • Nov 28
Consensus EPS estimates fall by 33% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from RM0.0072 to RM0.0048 per share. Revenue forecast steady at RM221.5m. Net income forecast to grow 114% next year vs 31% growth forecast for Media industry in Malaysia. Consensus price target down from RM0.41 to RM0.40. Share price fell 3.5% to RM0.41 over the past week. Reported Earnings • Nov 22
Third quarter 2023 earnings released: EPS: RM0 (vs RM0.003 in 3Q 2022) Third quarter 2023 results: EPS: RM0 (down from RM0.003 in 3Q 2022). Revenue: RM54.9m (up 2.4% from 3Q 2022). Net income: RM56.0k (down 98% from 3Q 2022). Profit margin: 0.1% (down from 4.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Oct 12
Star Media Group Berhad Announces Resignation of Mr. Yeow Wai Siaw as Group Chief Executive Officer, Effective February 29, 2024 Star Media Group Berhad announced resignation of MR YEOW WAI SIAW as Group Chief Executive Officer, Completion of employment contract. Age is 58. Date of change is February 29, 2024. Remarks: The Board shall take the necessary actions pertaining to succession planning. Major Estimate Revision • Aug 29
Consensus EPS estimates fall by 30% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM225.7m to RM221.5m. EPS estimate also fell from RM0.0103 per share to RM0.0072 per share. Net income forecast to grow 62% next year vs 32% growth forecast for Media industry in Malaysia. Consensus price target broadly unchanged at RM0.41. Share price rose 10% to RM0.42 over the past week. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: RM0.001 (vs RM0.003 in 2Q 2022) Second quarter 2023 results: EPS: RM0.001 (down from RM0.003 in 2Q 2022). Revenue: RM58.0m (up 9.0% from 2Q 2022). Net income: RM791.0k (down 56% from 2Q 2022). Profit margin: 1.4% (down from 3.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 11
Price target increased by 21% to RM0.42 Up from RM0.34, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of RM0.42. Stock is up 47% over the past year. The company is forecast to post earnings per share of RM0.01 for next year compared to RM0.0095 last year. Announcement • Jun 02
Star Media Group Berhad Announces Re-Designation of Wong You Fong as Non-Independent Director Star Media Group Berhad announced re-designation of Madam Wong You Fong as Non-Independent Director. Previous Position: Independent Director. Date of change is 01 June 2023. Age is 51. Working experience and occupation Madam Wong is a practicing lawyer with more than twenty-seven (27) years experience. She is currently practicing under firm of Messrs. Wong You Fong & Associates. To avoid unnecessary confusion, ambiguity, and misperception, Madam Wong You Fong ("Madam Wong") has voluntarily requested that her position be redesignated as a Non-Independent Non-Executive Director ("NINED") of the Company on 1 June 2023. The Board has agreed to Madam Wong's request. Madam Wong is currently a member of the Nomination Committee ("NC") of the Company. Following her redesignation as a NINED of the Company, the Board will review the membership of the NC. According to the Terms of Reference, the NC shall comprise at least three (3) members, with the majority being independent directors. The Board will identify a new member to replace Madam Wong within 3 months from June 1, 2023 and make the relevant announcement. Reported Earnings • May 24
First quarter 2023 earnings released: EPS: RM0.002 (vs RM0.003 in 1Q 2022) First quarter 2023 results: EPS: RM0.002 (down from RM0.003 in 1Q 2022). Revenue: RM52.0m (flat on 1Q 2022). Net income: RM1.14m (down 55% from 1Q 2022). Profit margin: 2.2% (down from 4.8% in 1Q 2022). Revenue is forecast to grow 5.8% p.a. on average 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 13% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • May 16
Upcoming dividend of RM0.01 per share at 2.1% yield Eligible shareholders must have bought the stock before 23 May 2023. Payment date: 06 June 2023. Trailing yield: 2.1%. Lower than top quartile of Malaysian dividend payers (5.3%). In line with average of industry peers (2.2%). Price Target Changed • Mar 23
Price target decreased by 11% to RM0.30 Down from RM0.34, the current price target is an average from 4 analysts. New target price is 7.3% below last closing price of RM0.33. Stock is down 4.4% over the past year. The company is forecast to post earnings per share of RM0.01 for next year compared to RM0.0095 last year. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: RM0.01 (vs RM0.18 loss in FY 2021) Full year 2022 results: EPS: RM0.01 (up from RM0.18 loss in FY 2021). Revenue: RM217.0m (up 16% from FY 2021). Net income: RM6.92m (up RM139.3m from FY 2021). Profit margin: 3.2% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jan 07
Star Media Group Berhad Announces the Resignation of Au Chen Sum as Chief Financial Officer, Effective from 31 January 2023 Star Media Group Berhad announced the resignation of Mr. Au Chen Sum as Chief Financial Officer. Age: 43. Date of change is 31 January 2023. Reason: To pursue other opportunities. Reported Earnings • Nov 23
Third quarter 2022 earnings released: EPS: RM0.003 (vs RM0.076 loss in 3Q 2021) Third quarter 2022 results: EPS: RM0.003 (up from RM0.076 loss in 3Q 2021). Revenue: RM53.6m (up 16% from 3Q 2021). Net income: RM2.20m (up RM57.0m from 3Q 2021). Profit margin: 4.1% (up from net loss in 3Q 2021). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 12% 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 59 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: RM0.003 (vs RM0.052 loss in 2Q 2021) Second quarter 2022 results: EPS: RM0.003 (up from RM0.052 loss in 2Q 2021). Revenue: RM53.2m (up 14% from 2Q 2021). Net income: RM1.81m (up RM39.7m from 2Q 2021). Profit margin: 3.4% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 11% growth 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 77 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 05
Price target decreased to RM0.33 Down from RM0.36, the current price target is an average from 6 analysts. New target price is 15% above last closing price of RM0.29. Stock is down 25% over the past year. The company is forecast to post earnings per share of RM0.0073 next year compared to a net loss per share of RM0.18 last year. Announcement • May 24
Jaks Resources Berhad Provides Update on the Claims Against Star Media Group Berhad Jaks Resources Berhad announced that further to the announcement made by the company on 10 May 2022, the Board of Directors announced that the Court has fixed 23 August 2022 for further Case Management pending outcome of the Federal Court Application for Leave to Appeal to the Federal Court by STAR following dismissal of their appeal at the Court of Appeal against dismissal of their Order 14A application. The Court also fixed trial dated on 4 March 2024, 5 March 2024, 6 March 2024, 7 March 2024 and 8 March 2024. Announcement • May 12
JAKS Resources Berhad Announces Claim Against Star Media Group Berhad JAKS Resources Berhad Announces Claim Against Star Media Group Berhad. The Board of Directors announced that the trial dates in respect of the Kuala Lumpur High Court Suit No.: WA-22NCVC-258-04/2019 where STAR has initiated suit against the Company (“STAR Suit”) and the Kuala Lumpur High Court Suit No.: WA-22NCVC-374-05/2019 where the Company and JAKS Island Circle Sdn Bhd has claimed against STAR, the Company has been informed that the trial dates initially fixed on 17 October 2022, 18 October 2022 and 19 October 2022 for update on the STAR Suit have been vacated. The Court has fixed 23 May 2022 for further Case Management on the Company’s claim against STAR for the update on the outcome of the Application for Leave to Appeal to the Federal Court by STAR following dismissal of their appeal at the Court of Appeal against dismissal of their Order 14A application. Price Target Changed • Apr 30
Price target decreased to RM0.36 Down from RM0.41, the current price target is an average from 7 analysts. New target price is 7.7% above last closing price of RM0.34. Stock is down 14% over the past year. The company is forecast to post a net loss per share of RM0.006 next year compared to a net loss per share of RM0.18 last year. Reported Earnings • Apr 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: RM0.18 loss per share (down from RM0.027 loss in FY 2020). Revenue: RM187.1m (down 4.7% from FY 2020). Net loss: RM132.4m (loss widened RM112.6m from FY 2020). Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 336%. Over the next year, revenue is forecast to grow 19%, compared to a 11% growth forecast for the industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Chairman of the Board Chee Chor was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
Star Media Group Berhad, Annual General Meeting, May 23, 2022 Star Media Group Berhad, Annual General Meeting, May 23, 2022, at 10:00 Singapore Standard Time. Location: Cyberhub, Level 2, Menara Star 15, Jalan 16/11, 46350 Petaling Jaya Petaling Jaya Selangor Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2021 together with the Directors' and Auditors' Reports thereon; to consider the re-election of directors; to approve the increase in directors' fees payable to the Non-Executive Directors of the Company for the period commencing 1 January 2022 until the next AGM of the Company; to approve the payment of Non-Executive Directors' benefits (excluding directors' fees) of up to MYR 500,000 from the 50th AGM until the next AGM of the Company; to re-appoint Messrs BDO PLT as Auditors of the Company, to hold office until the conclusion of the next AGM and to authorise the Directors of the Company to fix their remuneration; to consider; to consider PROPOSED RENEWAL OF AUTHORITY FOR STAR MEDIA GROUP BERHAD TO PURCHASE ITS OWN ORDINARY SHARES ("PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY"); and to transact any other business of which due notice shall have been given. Major Estimate Revision • Mar 07
Consensus EPS estimates have been upgraded The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from RM216.7m to RM221.9m. EPS estimate increased from -RM0.01 per share to RM0 per share. Media industry in Malaysia expected to see average net income growth of 15% next year. Consensus price target down from RM0.41 to RM0.38. Share price fell 4.7% to RM0.30 over the past week. Reported Earnings • Mar 02
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: RM0.18 loss per share (down from RM0.027 loss in FY 2020). Revenue: RM187.1m (down 4.7% from FY 2020). Net loss: RM132.1m (loss widened RM112.4m from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 66%. Over the next year, revenue is forecast to grow 17%, compared to a 12% growth forecast for the industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Price Target Changed • Mar 01
Price target decreased to RM0.38 Down from RM0.42, the current price target is an average from 8 analysts. New target price is 21% above last closing price of RM0.32. Stock is down 22% over the past year. The company is forecast to post a net loss per share of RM0.042 next year compared to a net loss per share of RM0.027 last year. Board Change • Feb 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Chairman of the Board Chee Chor was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 19
Third quarter 2021 earnings released: RM0.076 loss per share (vs RM0.037 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: RM46.2m (down 4.1% from 3Q 2020). Net loss: RM54.8m (down 303% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year and the company’s share price has also fallen by 23% per year. 
