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Astro's ESG Score Slightly Lowered, Targets Remain Ambitious

Astro's ESG Score Slightly Lowered, Targets Remain Ambitious

Astro的esg評分略有下降,目標仍然雄Ambitious。
Business Today ·  10/28 11:25

Astro Malaysia Holdings Bhd continues to demonstrate commendable environmental, social and governance (ESG) credentials, despite some areas needing improvement, according to Maybank Investment Bank Bhd (Maybank IB). The research house has maintained its HOLD call on the company with a discounted cashflow (DCF) target price (TP) of 28 sen.

馬來亞銀行投資銀行有限公司(Maybank IB)表示,儘管一些領域需要改進,但馬來西亞天文控股有限公司繼續表現出值得稱讚的環境、社會和治理(ESG)資格。該研究機構維持了對該公司的持倉期權,折扣現金流(DCF)目標價(TP)爲28仙。

In its latest assessment, Maybank IB lowered Astro's ESG 2.0 score slightly from 66/100 to 62/100, reflecting updates from the firm's financial year of 2024 (FY24) Sustainability and Corporate Governance Reports.

在最新的評估中,馬來亞銀行Ib將Astro的ESG 2.0分從66/100小幅下調至62/100,這反映了該公司2024財年(FY24)可持續發展和公司治理報告的最新情況。

The research house highlighted that while Astro has made progress in reducing greenhouse gas emissions and resource consumption, the intensity of these resources has been increasing.

該研究機構強調,儘管Astro在減少溫室氣體排放和資源消耗方面取得了進展,但這些資源的密集度一直在增加。

The workforce composition is also notable, with women constituting 49% of senior management; however, the representation on the Board of Directors falls short of the 30% threshold recommended by the Malaysian Code on Corporate Governance 2021, as only two of its seven directors are women. Furthermore, the company has room for improvement in appointing more independent non-executive directors, with only three currently serving on the board.

員工隊伍構成也值得注意,女性佔高級管理層的49%;但是,董事會的代表性未達到2021年《馬來西亞公司治理守則》建議的30%的門檻,因爲其七名董事中只有兩名是女性。此外,該公司在任命更多獨立非執行董事方面還有改進的餘地,目前只有三名在董事會任職。

Astro's sustainability efforts are praiseworthy, particularly its ambitious environmental targets. The company aims for a 10% reduction in Scope 1 and 2 emissions by FY26, relative to an FY20 baseline, and a more significant 28% reduction by FY31. Looking further ahead, Astro is targeting carbon neutrality by 2040, with residual emissions to be offset through carbon credits. These initiatives highlight the company's commitment to sustainability, even as Maybank IB suggests areas where ASTRO can further enhance its ESG performance.

Astro 的可持續發展努力值得稱讚,尤其是其雄心勃勃的環境目標。該公司的目標是到26財年將範圍1和2的排放量與2020財年的基準相比減少10%,到31財年將範圍1和2的排放量大幅減少28%。展望未來,Astro的目標是到2040年實現碳中和,剩餘排放將通過碳信用額度來抵消。這些舉措凸顯了該公司對可持續發展的承諾,儘管Maybank Ib提出了ASTRO可以進一步提高其ESG績效的領域。

As of now, Astro's share price is at 25 sen, and with a 12-month TP of 28 sen, there is a potential upside of 17%. The company has a market capitalisation of approximately RM1.3 billion, with significant shareholders including Krishnan Tatparanandam Ananda, Khazanah Nasional Bhd and Harapan Terus Sdn Bhd. The stock's 52-week range is between 23 sen and 43 sen, indicating some volatility in its trading performance.

截至目前,Astro的股價爲25先令,12個月的目標價爲28仙,潛在的上漲空間爲17%。該公司的市值約爲13令吉,主要股東包括克里希南·塔帕拉南達姆·阿南達、哈扎納國家有限公司和Harapan Terus Sdn Bhd。該股的52周區間在23仙至43仙之間,這表明其交易表現存在一定波動。

譯文內容由第三人軟體翻譯。


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