KUALA LUMPUR: STAR PUBLICATIONS (M) BHD [] shares advanced on Wednesday, Oct 13 after it declared special dividends of 47.9 sen less tax and 4.7 sen per share, tax exempt for the year ending Dec 31, 2010.
At 9.20am, Star was up 27 sen to RM3.99 with 1.77 million shares traded.
AmResearch in a note on Wednesday reiterated its buy call on Star with a fair value of RM4.13.
"We continue to like Star for its stronghold on the adex market (24% of total print industry) as backed by continued advertiser preference for English print, stable circulation and market leadership in ad-rates," it said.
At 9.20am, Star was up 27 sen to RM3.99 with 1.77 million shares traded.
AmResearch in a note on Wednesday reiterated its buy call on Star with a fair value of RM4.13.
"We continue to like Star for its stronghold on the adex market (24% of total print industry) as backed by continued advertiser preference for English print, stable circulation and market leadership in ad-rates," it said.
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