Media Prima Berhad is the leading fully-integrated media company in Malaysia.
The group business decrease significantly due to rising of internet era. A lot of local business are moving their advisement from local broadcast to global channel like Google, Facebook and Youtube which able to cover different/wider of consumer.
The group announced -RM 171,374/= in FY2017
However, MORGAN STANLEY & CO. LLC is buying and increase their holding of Media Prima Berhad which spark my attention on the said shares.
DY : 11.43% (It might change significant due to The Group don't declare dividend in August 2017)
NTA : RM 1.123
The counter drop to new history low price RM 0.665 @ 16/08/2017.
RSI - oversold phase
MACD - Increase in buying momentum
Must wait more significant indicator to buy in the counter.