Media Prima Berhad leads on analyst revisionsamong 18 companies in Malaysia's consumer discretionary sectortracked by at least three analysts, data from Thomson ReutersStarMine shows.
The media company has an Analyst Revision Model (ARM) scoreof 98, the highest in the sector. This score has increased 28points over the past 30 days. Media Prima also has highValue-Momentum (Val-Mo) and Earnings Quality (EQ) scores of 90and 83 respectively. A high Smartholdings (SH) score of 88suggests a potential increase in institutional ownership.
The company's quarterly net income more than doubled toalmost 57 million ringgit between March and June quarters. Thisis also a 28 percent increase from a year ago.
The stock is trading at 61 percent of its intrinsic value of3.96 ringgit.
Of the 15 analysts tracking the stock, seven rate it a"strong buy" or "buy", seven have a "hold" and one rates it a"strong sell".
The shares of the company are down nearly eight percent sofar this year, while the broader index is up 8.15percent in the same period, as of Thursday's close.
On the other end of the spectrum, Genting Berhadlags the sector with an ARM score of four.
Media Prima said on Aug. 14 its June quarter revenues roseover 6 percent from a year ago to 448 million ringgit. [ID:nKLS8E034a]
StarMine's Analyst Revision Model ranks stocks based onanalysts' revision of earnings and revenue estimates and changesin their ratings, and usually gives additional weight toanalysts who have been more accurate in the past.
StarMine's Val-Mo model combines relative and intrinsicvaluation tools, along with analysts' earnings revisions andprice momentum tools. It provides a 1-100 percentile ranking ofstocks.
The Earnings Quality model is a percentile (1-100) rankingof stocks based on sustainability of earnings, with 100representing the highest rank.
The StarMine SmartHoldings model is a global stock selectionmodel that ranks stocks based on the expected future increase,or decrease, in institutional ownership.
(Reporting By Reshma Apte; Editing by Jijo Jacob)
Keywords: MIDCAP MEDIAPRIMA/