Better outlook: According to AllianceDBS Research, Astro is cautiously optimistic about its 2H19 outlook, given the recent surge in consumer sentiment which should lead to a recovery in adex. — Bloomberg
PETALING JAYA: Despite weak second-quarter results, analysts reckon that there are encouraging signs for Astro Malaysia Holdings Bhd
going forward, which include a rebound in earnings in the coming quarters and positive net additions for its pay-TV subscribers.
According to AllianceDBS Research, Astro is cautiously optimistic about its second-half financial year 2019 (2H19) outlook, given the recent surge in consumer sentiment which should lead to a recovery in advertising expenditure (adex).
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