Astro's ESG Score Slightly Lowered, Targets Remain Ambitious
Astro's ESG Score Slightly Lowered, Targets Remain Ambitious
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.
马来亚银行投资银行有限公司(Maybank IB)表示,尽管一些领域需要改进,但马来西亚天文控股有限公司继续表现出值得称赞的环境、社会和治理(ESG)资格。该研究机构维持了对该公司的持仓期权,折扣现金流(DCF)目标价(TP)为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.
在最新的评估中,马来亚银行Ib将Astro的ESG 2.0分从66/100小幅下调至62/100,这反映了该公司2024财年(FY24)可持续发展和公司治理报告的最新情况。
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.
该研究机构强调,尽管Astro在减少温室气体排放和资源消耗方面取得了进展,但这些资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.
员工队伍构成也值得注意,女性占高级管理层的49%;但是,董事会的代表性未达到2021年《马来西亚公司治理守则》建议的30%的门槛,因为其七名董事中只有两名是女性。此外,该公司在任命更多独立非执行董事方面还有改进的余地,目前只有三名在董事会任职。
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 的可持续发展努力值得称赞,尤其是其雄心勃勃的环境目标。该公司的目标是到26财年将范围1和2的排放量与2020财年的基准相比减少10%,到31财年将范围1和2的排放量大幅减少28%。展望未来,Astro的目标是到2040年实现碳中和,剩余排放将通过碳信用额度来抵消。这些举措凸显了该公司对可持续发展的承诺,尽管Maybank Ib提出了ASTRO可以进一步提高其ESG绩效的领域。
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的股价为25先令,12个月的目标价为28仙,潜在的上涨空间为17%。该公司的市值约为13令吉,主要股东包括克里希南·塔帕拉南达姆·阿南达、哈扎纳国家有限公司和Harapan Terus Sdn Bhd。该股的52周区间在23仙至43仙之间,这表明其交易表现存在一定波动。
译文内容由第三方软件翻译。