Mar 19, 2010

ASTRO - Exit Opportunity : HwangDBS

Astro (RM3.56; Hold; Price Target: RM4.30; ASTR MK)
Exit opportunity
•  G.O. at RM4.30/share cash is 19% premium over our
FY1/12F DCF-based RM3.60 fair value, presenting a
good exit opportunity
•  Privatization is conditional upon offerors securing
>90% of issued shares
•  We expect share price to rally. Recommend to accept
G.O.
source: HWANGDBS Research