KUALA LUMPUR: PublicInvest Research has cut its call on Astro to Neutral from Outperform as its current price offers limited upside to unchanged target price of RM3.27.
"While we like Astro for its ability to drive ARPU through value-added services and to raise dividends as its earnings improve from financial year 2015, we believe its positives are already reflected in its price and it faces a challenging operating environment," said PublicInvest in its note.
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