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Budget 2020 spelt out incentives cutting across various sectors of the economy, from health to infrastructure, and from digital payment systems to real estate.
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).
PETALING JAYA: After hitting multi-year lows at the end of last year, stocks within the gaming sector are now seen as ideal for bottom-fishing.
PETALING JAYA: CIMB Research has downgraded its recommendation on Berjaya Sports Toto Bhd (BToto) to “hold” from add, as the number forecast operator’s (NFO) share price nears the brokerage’s target price.
EG Industries: THE electronics manufacturing services company has benefitted from the ongoing trade tensions between United States and China to secure new box-build contracts which the management believes could rake in about RM1.5bil in FY20.
KUALA LUMPUR: CIMB Equities Research has reduced its target price of Berjaya Sports Toto (BToto) from RM3.09 to RM2.62 but retained its Add call due to its stable operational cashflow and attractive 6.8% dividend yield.
KUALA LUMPUR: PublicInvest Research has revised downwards its earnings forecasts for gaming stocks and cut their target prices accordingly.