Astro Expands Its Radio Assets

Toh Woo Kim, Analyst, AllianceDBS Research

05-Oct-16 09:20

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Astro's earnings declined 8.6% y.o.y to RM126m, dragged down by higher content costs & broadcast of sporting events like Euro 2016. Its home-shopping segment is also making grounds, increasing 86% y.o.y, proving its popularity among consumers. Adding to its existing nine radio stations, Astro recently bought two additional new radio station licences from Star Media Group for approximately RM42m.

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Tags: Astro, Malaysia equities, Adex, The Star, Red FM, Capital FM

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