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Bullish factor of Seni Jaya
- Strong earnings growth and ROE.
- Strategic acquisition of Ganad Media.
- Undemanding valuation with upside potential.
- Resilience of OOH advertising in urban Malaysia.
Seni Jaya is buying over Ganad Media to grow its advertising footprint. The deal is worth RM5 million, with RM3 million paid in cash and the remaining RM2 million settled by issuing about 4.95 million new shares at 40.4 cents each