Kenanga Research has reiterated its
KUALA LUMPUR: Kenanga Research said gaming companies, especially number forecast operators (NFO), have managed to outperform the overall markets over the past three months due to the tax holiday following the zero-rating of the goods and services tax.
“This was attributable to the 3-month tax-holiday of zero-rated GST in June to August as it offers short-term earnings upticks, given that previously the gaming companies absorbed the 6% GST,” it said in a report.
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