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Insider, LFM, has been buying recently.
Price also creeping up slowly.
Price also creeping up slowly.
Asian Pay TV Trust Q1 profit falls 47.2% amid steeper basic TV competition
As broadband revenue grows, this segment is expected to decline further
[SINGAPORE] Asian Pay Television Trust (APTT) posted a first-quarter net profit of S$7.3 million, down 47.2 per cent from S$13.8 million in the previous corresponding period.
Revenue fell 6.5 per cent on the year to S$59.4 million from S$63.5 million, the trustee-manager said in a bourse filing on Wednesday (May 14).
This was despite broadband growth momentum continuing during the quarter, with the addition of about 8,000 new broadband subscribers. In total, the trust&rsquo s net subscriber base increased by about 7,000, to around 1.4 million subscribers.
APTT operates as its sole investment the Taiwanese cable operator Taiwan Broadband Communications.
Basic cable TV revenue in Q1 fell 10.8 per cent on the year to S$38.6 million from S$43.3 million. The trustee-manager cited a decline in subscribers by about 4,000 and lower average revenue per user, due to competition from Internet protocol television, lower cable television pricing outside of Taiwan Broadband Communications&rsquo franchise areas and the increasing popularity of online video.
Premium digital TV revenue dropped 5.5 per cent to S$2.4 million, from S$2.6 million previously. The decline was attributed to various promotions that were offered to attract and retain subscribers, as well as video piracy issues and aggressive competition.
Meanwhile, broadband revenue increased 4 per cent to S$18.3 million for the quarter, from S$17.6 million the previous year. Broadband growth was due to a higher average revenue per user in the quarter, which rose by NT$1 (S$0.04) from the previous quarter to NT$386 per month, the trustee-manager said. Its strategy of offering higher speed plans at competitive prices also contributed to the segment&rsquo s growth.
Despite a weaker foreign exchange rate contributing a negative variance of 3.8 per cent, the trustee-manager said that broadband revenue grew by 7.8 per cent in constant Taiwanese currency.
The television and broadband trust reaffirmed its full-year distribution guidance of S$0.0105 per unit for 2025, to be paid half-yearly.
Chief executive officer of the trustee-manager Somnath Adak said that the trust&rsquo s broadband perfomance was encouraging. &ldquo Subscribers and revenue, in both constant dollar terms and our reporting currency have been growing consistently for over five years, cushioning the decline in basic cable TV.&rdquo
The trustee-manager said that its basic cable TV segment is unlikely to experience growth due to Taiwan&rsquo s competitive cable TV market. However, it said that total subscriber base is expected to continue its growth throughout 2025.
&ldquo Overall, we are moving in the right direction where we aim to grow cash flows from broadband to a level that consistently more than offsets the decline in our basic cable TV business,&rdquo Adak added.
APTT is a service provider operating in one and only very saturated market, Taiwan.
It is a stagnant business. The only growth is their broadband sector but this alone could not mitigate the shrinking of its other businesses.
Unless new business with potential is added, that is no prospect going forward.
The only saving grace is their approach in reducing debts.
It was not the case just some years back. Recurring cash flows were then given out as dividends (generous quarterly payout), leaving nothing behind.
So much so that any funding for capex had to be through loan.
The management suddenly realised they had to put a stop to it. A drastic cut in DPS was decided and money saved were used to pared down loans as well as for capex.
The process is ongoing. Off shore loans with higher interest rate are expected to be paid up within a year or two.
The team also refinance their on-shore loans to cut down interest payment. The trust is now in a financially stronger position.
In fact, they may be in a position to increase DPS a second time since they cut it to 1 cent a year (now is 1.05c) in the near future.
It is a stagnant business. The only growth is their broadband sector but this alone could not mitigate the shrinking of its other businesses.
Unless new business with potential is added, that is no prospect going forward.
The only saving grace is their approach in reducing debts.
It was not the case just some years back. Recurring cash flows were then given out as dividends (generous quarterly payout), leaving nothing behind.
So much so that any funding for capex had to be through loan.
The management suddenly realised they had to put a stop to it. A drastic cut in DPS was decided and money saved were used to pared down loans as well as for capex.
The process is ongoing. Off shore loans with higher interest rate are expected to be paid up within a year or two.
The team also refinance their on-shore loans to cut down interest payment. The trust is now in a financially stronger position.
In fact, they may be in a position to increase DPS a second time since they cut it to 1 cent a year (now is 1.05c) in the near future.
Hi all hope all have been doing well notice recently the trust stock price has been on a uptrend? Still have hope in this counter please? Once hold 200K shares in it. Its still a bitter pill to swallow. Thanks all.
Gave up this counter long long time ago but still hold on to some of it
Any upside is welcome
Any upside is welcome
False alarm or trick?
Well, past half yearly dividend periods never have this happening.
Now, increased by 0.4c already.
Never before......maybe got insider leak news.
Now, increased by 0.4c already.
Never before......maybe got insider leak news.
Dvd coming
pkli899 ( Date: 03-Feb-2025 15:04) Posted:
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Sorry, typo, 0.2c.
What' s up, this long forgotten penny?
Today volume relatively high & gained 2c so far.
Today volume relatively high & gained 2c so far.
Asian Pay TV Trust&rsquo s Q3 net profit falls 36.5% to S$6.5 million
The decline is mainly due to to lower mark-to-market gains on derivative financial instruments as well as higher income tax expense
ASIAN Pay Television Trust : S7OU -2.53%&rsquo s (APTT) net profit for the third quarter ended September 2024 fell 36.4 per cent to S$6.5 million from S$10.2 million in Q3 FY2023.
This was mainly due to lower mark-to-market gains on derivative financial instruments as well as higher income tax expenses, according to its business update released Tuesday (Nov 12).
Total revenue for the quarter fell 3 per cent to S$63.7 million due to a weaker Taiwan dollar against the Singapore dollar, though APTT&rsquo s trustee-manager said the quarter&rsquo s topline improved in Taiwan dollar-terms due to one-off channel leasing revenue contributions.
Broadband revenue stood 3.9 per cent higher year on year at S$17.6 million due to an increase of subscribers to the segment, which includes revenue from data backhaul services where mobile operators lease a number of fibre circuits to provide data backhaul.
This helped to partially offset a 5.2 per cent decline in basic cable TV revenue to S$43.5 million, while premium digital TV revenue was down 9.3 per cent to S$2.6 million.
The trustee-manager highlighted that APTT added 7,000 net subscribers in Q3 from the previous quarter, driven by higher subscribers for the broadband and premium digital TV segments.
It also aims to grow cash flows from the broadband segment to &ldquo a level that consistently more than offsets the decline in (its) basic cable TV business&rdquo .
Earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter dipped 1.4 per cent to S$37.4 million versus S$38 million in the prior year, though Ebitda margin stood at a higher 58.8 per cent compared to 57.8 per cent in Q3 FY2023.
For the nine months ended September 2024, the trust&rsquo s profit stood 11.2 per cent higher at S$33.2 million versus S$29.8 million a year prior, though revenue fell 9.4 per cent on the year to S$129 million.
Total operating expenses fell 5.3 per cent for the third quarter to S$26.2 million, and 8.4 per cent over the nine-month period to S$77.9 million. These figures exclude depreciation and amortisation expenses, net foreign exchange differences, and mark-to-market movements on forex contracts.
Looking ahead, APTT&rsquo s trustee-manager said it does not expect growth in basic cable TV revenue-generating units (RGUs) due to a &ldquo saturated cable TV market&rdquo in Taiwan.
It nonetheless anticipates premium digital TV and broadband RGUs to continue increasing in 2024.
A distribution guidance of S$0.00525 per unit for the second half of the fiscal year and the full-year guidance of S$0.0105 remain unchanged.
&ldquo Total revenue will, however, be influenced by the ability to maintain average revenues per user, which will remain under pressure due to market dynamics,&rdquo cautioned the trustee-manager.
It also expects lower demand for home shopping, as well as competition from internet retailers, to continue impacting channel leasing revenue.
Adding that it is &ldquo managing every expense line item very closely&rdquo , the trustee-manager forecasts total operating expenses in 2024 to come in line with 2023 levels.
After so long, insider started buying again.
This time is LFM.
This time is LFM.
This share has been a widowmaker trade.
If you are talking about 9 to 10c, then possible la.
Off shore debts cut off totally will be good.
But progress slowed already.
Previously, one year can reduced by 60m+.
Now target only 20 to 30m.
Off shore debts cut off totally will be good.
But progress slowed already.
Previously, one year can reduced by 60m+.
Now target only 20 to 30m.
FA not too bad, still can give dividends, if BB can come in, can close the gap at 90. 10c must be patience.
pkli899 ( Date: 21-Aug-2024 17:08) Posted:
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Very , very frank, will not go back to 30c.
Hihi all everyone hope all doing well used to hold 200000 shares of Asia pay tv trust at an average price of 50 to 60 cents when it last drastic drop to almost 30 cents and to current price now have sleepless nights till now already more than 2 yrs already may I very sincerely hope still have hope of this trust the price will it increase back to at least 30 cents please?
Wow, you are rare few who made $ out of this stock. 
cowabunga ( Date: 20-Aug-2024 10:02) Posted:
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Some years back I sold all at 16cts and never looked back. Buy price was then 12cts average.
Broke engine