Analysts remain positive on NFOs despite Kedah ban

KUALA LUMPUR: The Kedah state government's decision to ban the operations of numbers forecast operators (NFO) would weaken investor sentiment in the sector, although the impact would be minimal given the few outlets in the state.

Following the state government's decision not to renew the licences of NFO operators, they will no longer be allowed to operate in Kedah effective Jan 1, 2023.