Friday 29 Mar 2024
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This article first appeared in Personal Wealth, The Edge Malaysia Weekly on September 21, 2020 - September 27, 2020

Astro Malaysia Holdings Bhd

Astro Malaysia Holdings Bhd is a content and consumer company serving 5.7 million or 75% of Malaysian households across its TV, radio, digital and commerce platforms, according to the company’s website.

For its second quarter ended July 31, the company recorded revenue of RM1.09 billion, down 11.8% from the previous corresponding quarter. Its net profit was RM137.12 million, 18.3% lower than last year. The company attributed the lower revenue to the Covid-19 pandemic, which caused a decrease in subscription and advertising revenue.

According to its results report, the company’s board of directors expect various challenges moving forward, including structural changes in the media industry and ongoing acts of piracy. However, the company is committed to reinventing Astro through several initiatives.

The stock is trading at a price-earnings ratio of 7.59 times. It closed at 81 sen on Sept 15, giving the company a market capitalisation of RM4.19 billion, according to Bloomberg.

Poh Huat Resources Holdings Bhd

Poh Huat Resources Holdings Bhd is principally involved in the manufacturing of home and office furniture systems, according to its official website.

For its second quarter ended April 30, the company recorded revenue of RM121.18 million, a 17.6% drop compared with the previous corresponding quarter. It also reported a profit before tax of RM9.28 million, 22.5% lower than the year before. The group attributed the lower revenue to the Covid-19 pandemic, which led to a sharp contraction in the aggregate supply and demand of its products.

Moving forward, Poh Huat’s board of directors expect the full impact of the pandemic on the group to be reflected in the second half of its financial year. The company is working with its customers to focus on products more suited to the current trends and requirements.

According to Bloomberg data, the stock is trading at a price-earnings ratio of 7.09 times. It closed at RM1.38 on Sept 15, giving the company a market capitalisation of RM336.51 million.

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