ASTRO on Downtrend

ASTRO is on a downtrend.
Share price has gone below EMA50.
It will attempt to break the resistance.
The stock was oversold in April till Jun. RSI was low.

MACD now is seeing some new momentum since June.

KLSE: ASTRO (6399)

ASTRO MALAYSIA HOLDINGS BHD

MAIN : Trading&Services

Last Price	Today's Change	Day's Range	Trading Volume
1.63	0.00 (0.00%)	1.63 - 1.69	19,552,000

Price Target

Date	Open Price	Target Price	Upside/Downside	Price Call	Source
07/06/2018	1.76	2.21	+0.45 (25.57%)	BUY	UOBKayHian
07/06/2018	1.76	2.06	+0.30 (17.05%)	BUY	MIDF
07/06/2018	1.76	2.30	+0.54 (30.68%)	BUY	KENANGA
07/06/2018	1.76	2.02	+0.26 (14.77%)	HOLD	HLG
07/06/2018	1.76	2.12	+0.36 (20.45%)	BUY	AmInvest
07/06/2018	1.76	1.90	+0.14 (7.95%)	HOLD	Affin Hwang Capital
29/03/2018	2.06	3.00	+0.94 (45.63%)	BUY	PUBLIC BANK
29/03/2018	2.06	2.83	+0.77 (37.38%)	BUY	MIDF
29/03/2018	2.06	2.30	+0.24 (11.65%)	BUY	KENANGA
29/03/2018	2.06	2.04	-0.02 (0.97%)	HOLD	HLG

ASTRO FINANCIAL REPORT:
https://corporate.astro.com.my/investor-relations/financial-information/annual-reports

 

BURSAMARKETPLACE

http://www.bursamarketplace.com/mkt/themarket/stock/ASTR

HIGHLIGHTS:
Astro Malaysia Holdings currently has a relatively neutral Earnings Rating of 5. The average Earnings Rating for its Entertainment Production industry is 5.0 and the FTSE BURSA MALAYSIA COMPOSITE index average is 5.8.

Over the past 90 days, the consensus price target for ASTRO has decreased notably from 2.59 to 2.31, a loss of -10.8%.

Over the past 4 quarters, the company has reported 1 positive, 3 negative, and 0 in-line surprises. The average surprise for this time period has been -14.0%. Most recently on 06/06/18, the company reported quarterly earnings of 0.03 per share, a negative surprise of - 25.0% below the consensus of 0.04.

ASTRO 5 Years Revenue & Profit Trend

ASTRO Financial Information

Market Capital (RM)

: 8.499b

Number of Share

: 5.214b

EPS (cent)

: 14.38 *

P/E Ratio

: 11.34

ROE (%)

: 109.77

Dividend (cent)

: 12.500 ^

Dividend Yield (%)

: 7.67

Dividend Policy (%)

: 0

NTA (RM)

: 0.131

Par Value (RM)

: 0.100

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2018-01-31.

ASTRO Quarter Report History

Date	Financial Year	No.	Financial Quarter	Revenue (RM,000)	PBT (RM,000)	Net Profit (RM,000)	EPS (Cent)	Dividend (Cent)	NTA (RM)	Download Report
06 Jun 2018	31 Jan 2019	1	30 Apr 2018	1,310,940	234,891	174,729	3.35	2.50	0.131	11%
28 Mar 2018	31 Jan 2018	4	31 Jan 2018	1,388,253	258,439	181,787	3.49	3.50	0.125	25%
06 Dec 2017	31 Jan 2018	3	31 Oct 2017	1,396,657	205,996	146,684	2.81	3.00	0.128	3%
14 Sep 2017	31 Jan 2018	2	31 Jul 2017	1,419,749	339,216	246,342	4.73	3.00	0.131	96%
14 Jun 2017	31 Jan 2018	1	30 Apr 2017	1,326,094	269,500	195,823	3.76	3.00	0.123	3%
28 Mar 2017	31 Jan 2017	4	31 Jan 2017	1,397,488	187,778	145,077	2.79	3.50	0.121	29%
07 Dec 2016	31 Jan 2017	3	31 Oct 2016	1,424,035	208,750	151,004	2.90	3.00	0.114	42%
14 Sep 2016	31 Jan 2017	2	31 Jul 2016	1,428,342	168,912	125,428	2.41	3.00	0.107	9%
31 May 2016	31 Jan 2017	1	30 Apr 2016	1,362,781	280,073	202,174	3.88	3.00	0.111	20%
22 Mar 2016	31 Jan 2016	4	31 Jan 2016	1,401,806	278,206	203,766	3.92	3.75	0.118	46%
08 Dec 2015	31 Jan 2016	3	31 Oct 2015	1,374,431	136,516	106,012	2.04	2.75	0.127	7%
15 Sep 2015	31 Jan 2016	2	31 Jul 2015	1,369,045	184,246	137,235	2.64	2.75	0.125	0%

ASTRO Dividend History

Date	Financial Year	Ex-Date	Entitlement Date	Payment Date	Entitlement Type	Dividend (Cent)	Dividend (%)	Details
06 Jun 2018	31 Jan 2019	21 Jun 2018	25 Jun 2018	06 Jul 2018	First Interim Dividend	2.5000	0.00
07 May 2018	31 Jan 2018	21 Jun 2018	25 Jun 2018	06 Jul 2018	Final Dividend	0.5000	0.00
28 Mar 2018	31 Jan 2018	10 Apr 2018	12 Apr 2018	27 Apr 2018	Interim Dividend	3.0000	0.00
06 Dec 2017	31 Jan 2018	19 Dec 2017	21 Dec 2017	05 Jan 2018	Interim Dividend	3.0000	0.00
14 Sep 2017	31 Jan 2018	29 Sep 2017	03 Oct 2017	13 Oct 2017	Second interim Dividend	3.0000	0.00
14 Jun 2017	31 Jan 2018	30 Jun 2017	04 Jul 2017	14 Jul 2017	First Interim Dividend	3.0000	0.00
16 May 2017	31 Jan 2017	30 Jun 2017	04 Jul 2017	14 Jul 2017	Final Dividend	0.5000	0.00
28 Mar 2017	31 Jan 2017	10 Apr 2017	12 Apr 2017	27 Apr 2017	Interim Dividend	3.0000	0.00
07 Dec 2016	31 Jan 2017	21 Dec 2016	23 Dec 2016	06 Jan 2017	Interim Dividend	3.0000	0.00
14 Sep 2016	31 Jan 2017	28 Sep 2016	30 Sep 2016	13 Oct 2016	Second interim Dividend	3.0000	0.00
31 May 2016	31 Jan 2017	14 Jun 2016	16 Jun 2016	30 Jun 2016	First Interim Dividend	3.0000	0.00
29 Apr 2016	31 Jan 2016	14 Jun 2016	16 Jun 2016	30 Jun 2016	Final Dividend	1.0000	0.00

ASTRO (6399)

ASTRO MALAYSIA HOLDINGS BERHAD Summary

1.630

0.000 (0.00%)

Category : Trad/Serv - Main Market

High	1.690
Low	1.630
Volume	19,552,000
Volume (B/S)	131,200 / 75,300
Price Bid/Ask	1.630 / 1.650
52w	1.310 - 2.940
ROE	109.48
P/E	11
EPS	14.38
DPS	12.50
DY	7.67%
PTBV	12.41
RPS	105.79
PSR	2
Market Cap	8,498.6M

YoY

RSI(14)	Neutral 51.5
Stochastic(14)	Neutral 60.0
Average Volume	5,375,000
Relative Volume	3.6

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Chart from The Star

https://www.thestar.com.my/business/business-news/2018/07/07/astro-malaysia-holdings/





Comments from The Star:

ASTRO Malaysia Holdings

 Astro Bhd has come down a long way since its peak of RM2.94 on Oct 26, 2018.

Looking at the daily price chart over the last nine-month period, the stock has been in a decidedly bearish trajectory, resulting in “death crossings” in the key simple moving averages (SMA), suggesting a protracted negative outlook.

However, at this point, the stock could go no further as it pulled back and became trapped in consolidation mode.

The sideways channel had a bearish bias, trapped under the 50-day SMA.

Nevertheless, price action over this past Thursday and Friday seemed to spark off what may be a break out of the current consolidation.

Beginning with a surge in trading interest on Thursday, the stock saw a pick up in positive momentum and a rise to the upper end of the channel.

At Friday’s session high of RM1.69, the stock had breached the 50-day SMA and was en route to the immediate resistance at RM1.85.

The question now remains if Astro can maintain this newfound momentum and continue its ascent. While the longer trend remains overwhelmingly negative, this recent price movement suggests some upsides over the immediate term.

The technicals confirm the buying momentum with a bullish uptick seen in all the key indicators.

The slow-stochastic momentum index saw a sharp rise from under the 30-point mark towards the 50-point mark.

Meanwhile, the daily moving average convergence/divergence line is headed for a positive crossing with the zero line as it outpaces the signal line.

The 14-day relative strength index looks similar to the slow-stochastic, pushing to 59 points. In the event of a profit-taking, the counter could find retreat to the immediate support at RM1.60 although a stronger support lies at the bottom end of the channel at RM1.55.

Read more at https://www.thestar.com.my/business/business-news/2018/07/07/astro-malaysia-holdings/#k43jg6LkgdOu8IWj.99