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NFO players face rising tax hike risk
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).
Maybank IB Research sees possible gaming tax hike in Budget 2020
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.
Fund managers give tips on where to park investments in case of a downturn
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.
Trading ideas: Utusan, Icon Offshore, Mintye, BToto, Guan Chong, SunCon
KUALA LUMPUR: Utusan Melayu (M) Bhd, Icon Offshore Bhd, Mintye Bhd, Berjaya Sports Toto Bhd (BToto), Guan Chong and Sunway Construction Bhd are among the stocks to watch on Tuesday, according to JF Apex Research.
Maybank IB Research retains Buy on Berjaya Sports Toto
KUALA LUMPUR: Berjaya Sports Toto (BToto) negatively surprised with a headline net loss for May-June 2019 due to impairments at Philippine Gaming Management Corporation (PGMC), Maybank Investment Bank Research said.
BToto is sole eligible bidder of Philippines lottery system
PETALING JAYA: Berjaya Philippines Inc has emerged as the only bidder eligible for the five-year lease of the Philippine Charity Sweepstakes Office (PCSO) lottery system through its subsidiary Philippine Gaming Management Corp (PGMC).
Further upside seen for gaming sector
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.
Research house recommends ‘hold’ on BToto
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.
Trading ideas: Pantech, Fajarbaru, Serba Dinamik, BToto
KUALA LUMPUR: Pantech Group Holdings Bhd, Fajarbaru Builder Group Bhd, Serba Dinamik Holdings Bhd and Berjaya Sports Toto Bhd (BToto) are among the stocks to watch on Wednesday, according to JF Apex Research.
EG Industries 'hold', Berjaya Sports 'outperform', Icon Offshore 'sell', AirAsia 'reduce'
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.
