Equity Analysis /

MY : Media - Overall - The overlooked shelter

    Ahmad Kamarul Anwar Kamaruddin
    25 March 2022
    Published by

    We argue that our top picks for the media sector, Astro Malaysia and Media Prima, are attractive investments in this high-inflation era. Besides benefiting from a growing ad market, entertainment and visual-based media companies have negligible exposure to variable costs. Astro and Media Prima also offer CY22-23F dividend yields of 5-10%, against Malaysia’s CY22F consumer price index (CPI) of 2.7%.