January 31, 2023

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Media Chinese, Uchitect & Allianz Results Update

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Media Chinese International Results Update (Q1 FY22)

MediaC results have shown improvement YoY by narrowing its losses significantly due to the economy reopening of foreign markets. However it slipped back into the red as travel business yet to pick up due to Delta variant resurgence globally and also impact from 1st June on MCO reimposition by the government. 

The good thing with the company is the strong balance sheet with net cash of US$63M (RM 264M which is 83% of current market cap) and weaker MYR means benefits from stronger FOREX. MediaC remains an u

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