Thursday, December 31, 2015

Affin Hwang Capital Daily Insight (LV) - 31 December 2015 - STAR

Top Calls

Company Update Star Media (SELL, maintain)

- Print remains under pressure

We expect prospects for the print media industry to remain weak in 2016 given the challenging market environment, poor consumer sentiment as well as the structurally declining trend of print adex and hard copy circulation. As such, we maintain our SELL rating on Star with an unchanged target price of RM1.95 (based on 12x 2016E EPS).



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