External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

External broker reports(aggregated public sources)

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Astro Malaysia Holdings / Equity Bottom-Up

<ul><li>Astro Malaysia (Astro) reported a headline net profit of RM15.9m in 1QFY24, down from RM100m in the previous year’s corresponding quarter.</li><li>Stripping out the impact of unrealized foreign exchange (FX) losses, normalised net profit came in at RM62m, dropping by 47.9% YoY on the back of lower revenue for all segments as well as higher finance cost.</li><li>The results were below expectations, accounting for 17% and 16% of our and consensus estimates respectively. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Astro Malaysia (Astro) reported a headline net profit of RM15.9m in 1QFY24, down from RM100m in the previous year’s corresponding quarter.Stripping out the impact of unrealized foreign exchange (FX) losses, normalised net profit came in at RM62m, dropping by 47.9% YoY on the back of lower revenue for all segments as well as higher finance cost.The results were below expectations, accounting for 17% and 16% of our and consensus estimates respectively. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Astro Malaysia Holdings Berhad  - Hit By Lower Revenue And Higher Finance Cost

External broker reports(aggregated public sources), Kenanga Investment Bank Bhd

Kenanga Investment Bank Bhd

Established for more than 45 years, Kenanga Investment Bank Berhad is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>ASTRO’s 1QFY24 results underperformed expectations, dragged by sustained TV subscriber churn and high opex.</li><li>On the bright side, sequential turn-around was driven by normalization of content costs post FIFA World Cup.</li><li>In addition, we expect adex to recover in 2HFY24 due to seasonality.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ASTRO’s 1QFY24 results underperformed expectations, dragged by sustained TV subscriber churn and high opex.On the bright side, sequential turn-around was driven by normalization of content costs post FIFA World Cup.In addition, we expect adex to recover in 2HFY24 due to seasonality.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Astro Malaysia Holdings - Sustained Churn but ARPU Expands

Malaysia

Astro Malaysia Holdings Bhd is a Malaysian investment holding media and entertainment company.

Astro Malaysia Holdings (ASTRO MK)

Astro Malaysia Holdings Berhad - Hit By Lower Revenue And Higher Finance Cost

Astro Malaysia (Astro) reported a headline net profit of RM15.9m in 1QFY24, down from RM100m in the previous year’s corresponding quarter.

Public Investment Bank Bhd

Astro Malaysia Holdings - Sustained Churn but ARPU Expands

On the bright side, sequential turn-around was driven by normalization of content costs post FIFA World Cup. In addition, we expect adex to recover...

Kenanga Investment Bank Bhd