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KUALA LUMPUR: Number forecast operator (NFO) Berjaya Sports Toto Bhd is preparing to restart its operations as soon as possible as the temporary closure of its businesses due to the Covid-19 pandemic takes a huge toll on its financial performance.
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: Fears of a second wave of coronavirus (Covid-19) pandemic lifted glove makers, hand sanitiser-related firms and healthcare companies.
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: Uncertainty over how long the Covid-19 pandemic will persist has led to the downgrade of the gaming sector to “neutral” from “overweight”.
Can the billionaire make Dego a formidable player in the e-hailing ride space?
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.