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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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