CIMB Research retains Berjaya Sports Toto target price


KUALA LUMPUR: CIMB Equities Research said Berjaya Sports Toto’s (BToto) Q4FY14 results were below its and consensus expectations.

“FY14 core EPS made up 89% of our full-year forecast. We are not changing our EPS and DPS forecasts as we expect the prize payouts to normalise to 62.5% and future donations to not be significant. We also keep our DDM-based target price (RM4.57) and Add rating,” it said.

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