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Wednesday, November 21, 2018
Astro: End of a Monopoly
Astro lost its monopoly over paid TV broadcasting (here). While existing competitors, such as HYPP TV, cannot match with Astro's current offering. However the real game-changer may be the high speed broadband which may bring out competitors from the left field that we have yet to factor in the impact.
Notwithstanding the above, I believe that this news has been discounted over the past few months. I think if Astro dropped to RM1.00, it could be a good long-term BUY.
Chart: Astro's weekly chart as at Nov 19, 2018 (Source: Malaysiastock.biz)