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PETALING JAYA: Malaysian gaming stocks are expected to at least partially reverse 2015’s vastly disappointing performance, said UOBKayHian. The research house anticipates a better year for Genting Group, as the VIP segment’s earnings recover. Genting Bhd (Genting), Berjaya Sports and Magnum share prices fell 2% to 17% in 2015 due to weak results.
KUALA LUMPUR: Berjaya Sports Toto’s (BToto) earnings in the first half ended Oct 31, 2015 were below expectations and came it at 40% of CIMB Equities Research’s full-year forecast.
KUALA LUMPUR: Alliance DBS Research says Berjaya Sports Toto lacks gaming sparks and it is maintaining a Hold call with a target price of RM3.10 based on the dividend discount model.
KUALA LUMPUR: UOB Kay Hian Malaysia Research expects overall consumption to normalise over the next three to four quarters following the implementation of the 6% Goods and Services Tax (GST) on April 1.
PETALING JAYA: Analysts are positive on the outlook of casino operators and expect a stable outlook for numbers forecast operators (NFOs) this year.
PETALING JAYA: The relatively unexciting growth rate and possible pressure on margins due the implementation of the Goods and Services Tax (GST) are among the reasons for analysts to take a “neutral” view on the gaming sector.
CIMB RESEARCH: WE continue to value Perdana Petroleum stock at a 2015 price to earnings ratio (P/E) of 15.8 times, applying a 30% discount to the average P/E of the oil and gas big caps. The stronger earnings uptick expected in the financial year 2012 (FY14) is the potential re-rating catalyst that supports the research house’s “add” call.
PETALING JAYA: A tax hike may be in the offing for the gaming sector in the upcoming Budget 2014, especially as the Government is hoping to reduce the country’s budget deficit, according to RHB Research.
PETALING JAYA: Potential structural adjustments, coupled with a lack of positive near-term catalysts, have dampened the local gaming sector, although it would remain a stable dividend play.