ASTRO - Malaysian Direct Broadcast Satellite Pay TV Service Provider

Astro Malaysia Holdings Berhad operates as an integrated consumer media entertainment group in Malaysia and Southeast Asia. The company is primarily engaged in the creation, aggregation, and distribution of content over various delivery platforms comprising pay-TV, radio, publications, and digital media. It offers 171 TV channels, including 68 Astro-created and branded channels, as well as 39 HD channels delivered via direct-to-home satellite TV, IPTV, and OTT platforms. The company has a customer base of 3.9 million residential customers. Astro provides HD, 3D, PVR, VOD, catch-up TV, and IPTV services through Astro B.yond and Astro On-The-Go. It also offers Njoi, a non-subscription based DTH satellite TV offering 22 TV and 20 radio channels. The company's radio business comprises radio stations available over FM and DTH, as well as through online, social media, and mobile platforms consisting of the highest rated radio stations in various languages reaching approximately 12 million weekly listeners and 3 million unique visitors per month over its terrestrial stations and digital streaming services. Its digital arm is involved in digital publishing, applications, and platforms, as well as publication of entertainment and lifestyle magazines. The company was founded in 1996 and is based in Kuala Lumpur, Malaysia.

CORPORATE STRUCTURE

MAJOR SHAREHOLDERS

FINANCIAL HIGHLIGHTS

COMMENTS

For FY14, ASTRO recorded a 7.2% increase in earnings to RM448m on the back of a 12.3% rise in sales to RM4.79b. The higher earnings for FY14 was entirely attributed to lower tax expenses as ASTRO actually recorded a 1% decline in profit at the PBT level. The slightly lower PBT for FY14 was mainly attributed to the higher content costs attributable to introduction of additional channels, increase in license fees, increase in installation, marketing and distribution costs in relation to higher customer acquisition as well as higher depreciation of set-top boxes from Beyond box swap out and amortisation of softwares.

As at 31/01/2014, the Pay-TV residential subscribers of ASTRO stood 3,442,300, up by 166,600 subscribers, or 5.1%, from that a year ago. For the FY14, its Pay-TV residential ARPU rose by 3% to RM96 due to higher demand for value-added services such as HD, PVR, On Demand and SuperPack. 

The FY14 EPS rose to 8.62 sen from 8.04 sen in FY13. DPS for FY14 is 9.0 sen and DPS for CY15 is projected to increase slightly to 10 sen nett.

ANNUAL REPORT
FINANCIAL RESULTS
PRICE TARGET

AMBANK - The fifth largest banking group in Malaysia

AMBANK is one of the nine local anchor banks in Malaysia. Through its subsidiaries, it provides a range of financial products and services to corporate and individual customers in Malaysia. The company's retail banking products and services include loans and financing services comprising auto financing, and mortgage and personal loans; deposits; small business services; credit cards; priority banking services; and wealth management services, including unit trust and bancassurance, as well as remittance services. 

Its wholesale banking products and services consist of transaction banking services, including trade finance products, cash management services, e-commerce solutions, and gross payroll solutions; and investment banking services, such as capital market and asset management, equity derivative, broking, funds management, private banking, corporate advisory and fund raising, and debt financing services. 

The company also offers Islamic Banking services consisting of Shariah compliant products and services, and mobile and Internet banking services; general insurance solutions; various solutions in life insurance, wealth protection/savings, and health and medical protection services, as well as employee benefit schemes; and Shariah compliant family Takaful products. 

Its distribution network comprises 179 commercial bank branches, 4 regional business centres, 14 investment bank offices, 50 insurance offices, 26 MBF Cards branches, 884 automated teller machines, and 167 electronic banking centres. 

The company has strategic partnership with MetLife International Holdings, Inc. AMMB was incorporated in 1975 and is based in Kuala Lumpur, Malaysia.

CORPORATE STRUCTURE

MAJOR SHAREHOLDERS

FINANCIAL HIGHLIGHTS

COMMENTS
In FY14, AMMB delivered a seventh consecutive year of record performance. It posted a pre-tax profit of RM2,448.2 million (+14.5%), whilst profit attributable to shareholders grew by 10.0% to RM1,782.4 million. Return on equity improved by 0.2% to 14.1% and earnings per share (basic) lifted from 54.0 sen in FY2013 to 59.3 sen.

The growth in profit is mainly attributable to growth in net fund income, higher contributions from insurance business coupled with lower allowances for impairment on loans and financing. 

AMMB is also targeting a 40%-50% dividend payout ratio for FY13-FY15. DPS for FY14 is increased to 24.1 sen nett from 21.8 sen nett in FY13.

Over the longer term, the entry of ANZ as a strategic partner and investor of AMMB will enhance the group's expertise and product range. Overall, we expect an above average growth rate for AMMB over a long term.

DIGI - The BEST Telco Company in Malaysia

DiGi.Com Berhad, an investment holding company, provides mobile communication services and its related products in Malaysia. 

DiGi was incorporated in 1997 and is headquartered in Shah Alam, Malaysia. DiGi is a subsidiary of Telenor Asia Pte Ltd. It operates retail and online stores. 

It offers prepaid services under the DiGi Easy Prepaid, DiGi Best Prepaid, and DG Prepaid SmartPlan brand names; postpaid services under the DiGi Postpaid Plus, DG SmartPlan, DG Postpaid Simple, iDiGi, and DG Family Postpaid brand names; and Internet services to smartphone users, PC/Mac users, and tablet users under the DiGi Internet brand name. 

It also offers other services, such as money transfer; tariff transparency; personal accident, travel protection, and mobile device insurance services; Blackberry world carrier billing services; and DiGi Visual Voicemail, which is an Android app for various voicemail services, as well as international and mobile number portability services. 

In addition, the company provides offers reward services comprising DIGI privileges, music, and DiGi priority services; and messaging, entertainment, info and alerts, Web services, and DiGi app services. Further, it provides business products and services under DiGi Biz Plan, DiGi M2M, and DiGi MPOS names. 

It is also engaged in the establishment, maintenance, and provision of telecommunications and related services; property holding business; and renting premises, as well as other related services. 

CORPORATE STRUCTURE

MAJOR SHAREHOLDERS

STOCK MARKET INFO

COMMENTS
For FY13, the earnings of Digi soared by almost 42% to RM1.706b on the back of a 5.9% rise in sales to RM6.756b. The sharply higher earnings for FY13 was mainly contributed to the higher mobile internet revenue coupled with a larger customer base. For FY13, Digi added a further 501k subscribers to bring its total mobile subscribers base to 11m at the end of the year 2013 with 84.54% comprising prepaid subscribers. On a y-o-y basis, both the prepaid and postpaid average revenue per user (ARPU) remain unchanged in 4Q13 at RM41 and RM83 per month, respectively while its blended ARPU rose by RM1.00 to RM48 per month for the same period. The FY13 EPS rose to 21.94 sen from 15.91 sen in FY2012. A higher fourth interim single-tier DPS of 7.00 sen nett was declared for 4Q13 compared to DPS of 2.5 sen nett in 4Q12. For FY14, we are forecasting a higher full year EPS of 24.0 sen. Similarly, DPS for CY14 is projected to increase to 24.0 sen nett from 21.3 sen nett in FY13.

用Maybank 2 Cards消费赢到两张TGV IMAX戏票+Popcorn

七月申请Maybank 2 Cards，八月经过一波三折之后终于在One Utama的Card Centre拿到期待已久的卡。

拿到卡之后，我让我母亲把家里需要缴交的电费和Streamyx的上网帐单都交给我来处理。在周六和周日使用Maybank American Express卡来缴交这些帐单可以得到5%的折扣，我就是冲着这个好康而到Maybank申请她的Maybank 2 Cards。

除了可以缴交这些帐单，在周六周日在其他接受Maybank American Express卡的地方消费也能拿到5%的折扣。我本身多数使用它来添汽油和买一些日常用品。

除了得到5%的折扣，在九月我也收到Maybank寄来的信，信中说我用Maybank 2 Cards消费满RM500，所以是其中一位赢得两张TGV IMAX戏票+Popcorn的幸运儿。

每当戏院上映“好戏”，我和女友都会到戏院去捧场，但我们还没没买过TGV IMAX的戏票，有了这两张TGV IMAX的戏票，我们可以体验一下到底它和普通的戏院有什么不一样。

数码网络（DIGI，6947，主板基建股）

数码网络（DIGI，6947，主板基建股）

DIGI是一家领先的移动通讯企业。它提供一系列全面、便利及价格合理的无线网络服务。除了是语音通话与数据预付服务的领导者，DIGI也为顾客挑选最合适的尖端科技，以为他们提供增值服务,如汇款、个人意外、旅游保险、移动设备的保险服务等。

业务：
主要提供移动通讯服务及相关产品

大股东：

未来价值重估的利好催化因素：

1. 设立商托

2. 明年4月1日实施后，DIGI將可把6%消费税转移给预付客户

3. 可能將过剩现金回退股东

投资重点：

- 是马来西亚3大移动电话服务业者之一

- 用户超过有1100万人

- 低债务、高现金又肯派发股息给股东的公司

资料：

附HSPA+的3G网络覆盖率

2013 - 80%

2014 - 86%

建设的光纤网络 - 超过3200公里的范围

預付客戶 - 85%

后付客戶 - 15%

股利政策 - 80%

投资大马再生能源的翘楚 - Cypark资源

最近的股市回调了不少，身家不停地“缩水”，但是看到好的公司，还是忍不住手买了一点。

今天买入的股票就是CYPARK，可谓大马再生能源的翘楚。买入的原因是因为本人看好公司的再生能源业务，并且公司在今年一直拿到建筑工程的合约，可谓如虎添翼。

建筑工程的合约

1. Cypark获1780万合约

2. Cypark获3450万工程

3. Cypark 获2230万工程 为柔佛置地建排屋

4. Cypark 获1227万合约

5. Cypark 获2644万合约 布城建路巴士站

6. Cypark获2600万合约

此外，本人看死我们的好政府肯定会在今年年尾或者明年年初宣布再调涨电费！可怜我们这些平民，物价疯长，只有我们的薪水不涨，haiz~

CYPARK

股票编号：5184

官方网站：http://www.crbenv.com/

长期投资，加码DIGI!!!

自己投资不难，但要得到家人的认同与支持是一件很难的事。我是比较幸运的一个，我妈在我耳目渲染下终于在去年把一部分的闲钱交给我，让我帮她投资，而我也很乐意这样做。

从去年八月算起，我帮妈妈投资已经一年了，说帮她投资其实投机的话会更加贴切。我把她交给我的资金通过我对股市所了解的一套，在市场上低买高卖，每天都会随着市场的波动而喜怒哀乐。

很庆幸也很幸运的，我没把我妈交给我的辛苦钱在股市里输光，至于回酬嘛，还蛮可观的。但我决定不想再这样投机了，因为我觉得如果我再这样下去，迟早我会碰钉子的，倒不如现在开始走回投资的正道，免得以后走火入魔。

因此，我从九月开始把所有投机的股票卖完，决定帮我妈开始买入蓝筹股做长期投资。MAYBANK和DIGI之间我选了DIGI，选DIGI的原因是因为DIGI明年会因为GST的关系，而不必再为后付服务的用户承担消费税，而DIGI的后付服务的用户也是最多的，这就是为什么我非常看好DIGI的原因。

卖完投机股，在九月份买入10个lots的DIGI，昨天10月1号再加码10个lots的DIGI，我的目标是50个lots的DIGI，之后再考虑投资其它的蓝筹股。

股票投资是马拉松,不是100米短跑。希望我能坚持住，在投资的道路上的继续奔跑，我们终点见！