STAR is the leading Media & Publishing company in Malaysia.
The core business decrease steadily due to rising of internet era. A lot of consumer prefer to read news via e-newspaper compare to hard copy news-paper which lead 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.
Recently, revenue, cash reverse and dividend payout increase significantly due to disposal of Cityneon which is one time off earning.
NTA : RM 1.39
DY : 26.28% due to special dividend payout.
However, history payout record is stable (Around 19 sen).
ETA current DY% is 13.86% with share price @ RM 1.37
Most of shareholder is institutional player which is hardly control by minor speculator to control share prices
STAR decrease near to 36.06% since 09 May'17
Current trading price @ 11/09/2017 is RM1.37 which is 2% discount of NTA RM 1.39.
Support/high buying volume @ 05/09/2017 - 06/09/2017
Support line(1): RM 1.299
Support line(2): RM 1.150
Resistance line(1): RM 1.44
Resistance line(2): RM 1.63