Astro Achieves Growth in FY17

 |  Wednesday, 29 March 2017 10:42  |  Published in MARKETS

Astro Bhd achieved a net profit of RM623.7 million in FY17, up 1.3% from the previous year on revenue of RM5.6 billion. Total adex in FY17 grew 10% year-on-year to RM705mil, with digital adex registering a growth of 15%.

Its earnings before interest, taxes, depreciation and amortisation (Ebitda) fell 6% on a year-on-year basis to RM1.8 billion due to investments in key sports content and currency depreciation impacting content costs.

Eastspring Investments Launches Sixth Close-Ended Global Bond Fund

 |  Tuesday, 28 March 2017 10:48  |  Published in MARKETS

Kuala Lumpur, March 28 - Eastspring Investments Bhd announced the launch of the Eastspring Investments Target Income Fund 6 (“Fund”), the sixth in a series of close-ended global bond fund.

The Fund is a 5-year close-ended bond fund which aims to provide potential regular income distribution of 5.00% to 5.50% per annum[1] on investment amount less Goods and Services Tax (“GST”) with relatively lower volatility compared to equities. The targeted payout is derived from coupon income from bonds.

Article 50: Low Pound & Insufficient Housing an Opportunity to Malaysian Property Investors

 |  Friday, 24 March 2017 10:00  |  Published in MARKETS

Kuala Lumpur, March 24 - The United Kingdom will continue to face uncertainties once Article 50 is invoked, but opportunities lie ahead for foreign property investors. 

It is reported that the Prime Minister Theresa May will trigger Article 50 next week. 

“The pound fell to a 31-year against the American dollar since the EU Referendum, and took yet another beating when the UK Parliament passed the bill for Brexit this week. Comparatively, the fall of the pound is more drastic compared to the ringgit. House prices have taken a dip, particularly in London, and the combination of the two factors presents a good buying opportunity for Malaysian and other foreign investors looking to invest in UK property,” says CSI Properties (Cornerstone International) spokesperson Virata Thaivasigamony. 

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