What happen to amedia share???
Someone inside the company makan duit or what???
FROM 1.10 drop until today 0.36.
Do you dare to buy?
What is Amedia?
Asia Media Group is one of the leading DOOH transit TV companies in Malaysia, offering high-quality infotainment and targeted advertising through the use of digital electronic displayed in various outdoor premises.
Earnings and price target remain unchanged. by OSK
Trading at an undemanding PER valuation of 4.3x, we opine that the company still deserves better valuation given:
(i) its new entry into the Digital Out-of-Home industry, which has an attractive 2004-2009 CAGR growth of 44.1% p.a.,
(ii) opportunities of expanding into other types of public transports, namely KL Monorail, LRT, KTM Komuter and wider RapidKL network routes, and
(iii) organic mid-teen earnings growth in the next two years, thanks to its enlarged customer base and high-margin services in air time and programme sponsorship.
All in all, we maintain our RM0.34 price target.