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KUALA LUMPUR: The run-up in gaming stocks share prices yesterday could have been premature as there are expectations of a weak quarter ahead, said Kenanga research in its latest update on Berjaya Sports Toto Bhd following its earnings release.
IT is a well known fact that punters in Malaysia are being deprived of their trips to betting shops. All bets are off, including the country’s only physical casino in Genting Highlands.
PETALING JAYA: The earning resilience and high dividend yields of number forecast operators (NFOs), coupled with the recent fall in their share prices, make the stocks an appealing option for investors at the moment.
PETALING JAYA: The Covid-19 movement control order (MCO) has affected the operations of number forecast operators (NFOs), resulting in analysts slashing their outlooks for Berjaya Sports Toto Bhd (BToto) and Magnum Bhd.
PETALING JAYA: Investors should remain invested in the listed number forecast operators (NFOs) for 2020, says AllianceDBS Research analyst Cheah King Yoong.
A MIXED bag of fortunes awaits the gaming industry in the year ahead.
PETALING JAYA: All eyes are on the gaming sector ahead of the upcoming Budget 2020 with some analysts seeing rising risk of a tax hike for number forecast operators (NFOs).
KUALA LUMPUR: Maybank Investment Bank Research does not discount the possibility that numbers forecast operators (NFO) gaming tax rates may be hiked in the Budget 2020 proposals to be announced on Oct 11.
WE are now in September, with the Dow Jones up some 16.53% on a year-to-date basis despite the trade war woes and fears of an impending recession due to the signals being emitted by the inverted yield curve.