PETALING JAYA: While the surprise increase in cigarette prices last week spooked some investors, analysts do not rate as high the risk of a similar tax hike for the other sin sectors.
CIMB Research analyst Lucius Chong, who tracks gaming stocks, told StarBiz that although an off-budget lift in levies should never be ruled out completely, he has not heard anything on the ground recently about such a move.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!