The research house expects the number forecast operator
PETALING JAYA: AllianceDBS Research is maintaining its cautious stance on Magnum Bhd
, citing a sluggish earnings outlook and downside risks to dividend forecasts due to potential tax liabilities.
The research house expects the number forecast operator’s gaming revenue for the second quarter (Q2FY18) to be flat or decline year-on-year, dragged down by the FIFA World Cup tournament, which caused some punters to shift their funds to sports betting.
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