Courtney Clutch

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Courtney Clutch
Courtney Clutch


* Large studded natural cowhide leather band
* A zipped pocket with fittings for 6 credit cards
* A golden brass lock
* Practical interior layout
* Carried in the hand
* Monogram Multicolore is a creation of Takashi Murakami for Louis Vuitton

PublicInvest maintains outperform call on Astro despite a 29 PETALING JAYA: PublicInvest Research is maintaining its outperform call on Astro Malaysia Holdings Bhd despite a 29% drop in the company net profit for the fourth quarter of the financial year ended January 31, 2017 (Q4 17).

The research house said this was premised on Astro for its resilient business louis vuitton bags japan prices model and ability louis vuitton purses handbags sale to monetise its value added services and contents, adding that the pay TV operator would continue to be the preference choice among TV viewers and advertisers. Astro reported Q4 17 net profit of RM145.1mil, down 28.8% y o size of louis vuitton medium agenda y mainly due to higher net finance cost on the back of higher unrealised forex loss and unhedged vendor financing as well as higher content costs due to weaker ringgit. Financial year 2017 (FY17) saw louis vuitton purses houston net profit grew marginally to RM623.7mil (+1.4% y o y). This brokerage said on Wednesday that this figure came in below its expectation but within street forecast, accounting for 95% and 93% of consensus and our full year estimates respectively. It also declared a fourth interim dividend of 3 sen and final dividend of 0.5 sen per share, making a total of 12.5 sen for FY17 (FY16: 12 sen). For FY18, it noted that Astro has hedged 75% of its content cost below prevailing exchanges rates. Going forward, Astro said it would focus on NJOI growth which can be monetised via prepaid charges, conversion to pay TV subscribers and capturing higher adex from wider audience base.

note that Astro has converted over 43,000 NJOI subscribers to its pay platform in FY17 and anticipates to convert 50,000 NJOI subscribers to pay platform in FY18F. "We understand that for FY18F, 75% of Astro content cost has been hedged at more favourable rates compared to the prevailing rate of RM4.41 against the US dollar, PublicInvest noted.

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