Equity Analysis /
Malaysia

MY : Media - Overall - The money isn’t in politics

    Ahmad Kamarul Anwar Kamaruddin
    CGS-CIMB
    25 March 2022
    Published by

    We find entertainment and visual media players have a stronger ESG proposition than news producers because they have lower political risks. We conclude Astro and Media Prima are the two companies with minimal exposure to political risks, with CY22-23F yoy EPS growth of 4-44%. We are concerned with some of Malaysia’s archaic free-speech laws clouding news producers’ objectivity – thus, squeezing their drawing power.