Showing posts with label STAR. Show all posts
Showing posts with label STAR. Show all posts

May 20, 2015

March 23, 2015

March 4, 2015

November 24, 2014

November 20, 2014

June 3, 2014

AllianceDBS cuts Star's earnings forecast

Stock Name: STAR
Company Name: STAR PUBLICATIONS (M) BHD
Research House: ALLIANCEPrice Call: HOLDTarget Price: 2.55



KUALA LUMPUR: AllianceDBS Research has cut its earnings forecast on Star Publications (M) Bhd's financial year 2014-2016 by five to seven per cent, but maintains its 'hold' recommendation with a higher target price of RM2.55.
"Star will likely scale down its Sarawak operations by the third quarter of this year as it is loss-making and the circulation figures are not meaningful.
"Management estimates annual cost savings of between RM5 million and RM6 million.
"Contrary to previous guidance, Star is reviewing its voluntary separation scheme exercise and does not have plans to reduce headcount further for now," the research firm said in a note.
AllianceDBS said it believes Star intends to leverage on its wide English content as a source of growth beyond its print business, as demonstrated by its recent collaboration with Bloomberg TV Malaysia to provide business content.
Management has also highlighted several potential collaboration opportunities in the future such as in-train advertising with MRT, and as content provider for new free-to-air (FTA) TV channels after the digital TV migration.
For its events division, Star looks to increase the frequency of existing events in 2014 and plans to organise new thematic events in 2015.
Star's shares were flat at RM2.64 as at 10.54am.-- Bernama

Star - Returning to normalcy in 2Q14

Stock Name: STAR
Company Name: STAR PUBLICATIONS (M) BHD
Research House: MIDFPrice Call: HOLDTarget Price: 2.50



STAR - Drawing up digital roadmap

Stock Name: STAR
Company Name: STAR PUBLICATIONS (M) BHD
Research House: TAPrice Call: SELLTarget Price: 2.49



July 18, 2013

June 11, 2013

March 26, 2013

December 4, 2012

August 3, 2012

July 20, 2012

MIDF ups Star target price to RM3.70

Stock Name: STAR
Company Name: STAR PUBLICATIONS (M) BHD
Research House: MIDFPrice Call: BUYTarget Price: 3.70



MIDF Research raised Star Publications (Malaysia) Bhd's target price to RM3.70 from RM3.50 per share citing positive impact of the media company's latest acquisition of an event management firm.

"We view positively this latest acquisition and believe that it is a good move as the company strives to diversify its income source. It will complement its existing print, radio and tv businesses," the research house said in a note on Friday.

Maintaining 'buy' on the counter, MIDF said the new acquisition will moderate the secular decline in the newsprint industry.

Star said yesterday that it acquired CNM Events Marketing SDN BHD for 45 million ringgit ($14.27 million).

Star shares pared early gains and were flat by 11.03 am (0303 GMT). -- Reuters