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Better performance seen from gaming stocks this year
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.
Berjaya Sports Toto H1 earnings below CIMB Research forecast
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.
BToto lacks gaming sparks, Alliance DBS keeps Hold call
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.
Consumption to normalise over 3 to 4 quarters after GST: UOB Kay Hian
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.
Analysts positive on casino operators, see stable future for numbers forecast operators
PETALING JAYA: Analysts are positive on the outlook of casino operators and expect a stable outlook for numbers forecast operators (NFOs) this year.
Analysts neutral on gaming sector for next year, GST one reason
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.
Stronger earnings potential for Perdana
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.
Magnum feels the squeeze
PETALING JAYA: Gaming-based Magnum Bhd should brace for challenging times ahead as disposable incomes, especially among the working class, get squeezed by the rising cost of living amid the Government’s move to drive down subsidies, according to a research house.
Govt hoping to reduce deficit in upcoming Budget 2014, gaming tax may increase
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.
Potential structural measures may dampen local gaming sector
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.
