KUALA LUMPUR, Dec 10 ― Prospects for Astro Malaysia Holdings Bhd are expected to be brighter as the company is hopeful its new subscription packages revealed on November 9 would drive its average revenue per user .
“We see good avenues for deeper household engagement via the upselling of its fibre broadband-content bundle under the wholesale pact with Telekom Malaysia,” it said in a research note today. Its new target price for Astro is however set lower at RM1.30 per share from RM1.45 previously with key risks include earnings miss, weaker ringgit/US dollar exchange and piracy.
It said the company declared a Q3 FY22 dividend per share of 1.5 sen, which translates to 9M FY22 dividend of 4.5 sen and a payout ratio of 70 per cent.
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