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PETALING JAYA: The number forecast operators (NFOs) may be facing a tough time now with the latest movement control order (MCO), but given the inelastic nature of their business, ticket sales are likely to recover strongly once all the outlets are allowed to reopen.
KUALA LUMPUR: Maybank Investment Bank Research is retaining its Buy on numbers forecast operators (NFOs) Magnum and Berjaya Sports Toto as jackpot sales have recovered by about 78% in two and a half weeks.
KUALA LUMPUR: Earnings for the gaming sector are expected to slowly pick up in the second half of the year before returning to normalcy in 2021, says Kenanga research.
KUALA LUMPUR: JF Apex Research expects Hengyuan Refining Company Bhd, Magnum Bhd, Berjaya Sports Toto Bhd, YTL Corp, XOX Bhd, Green Packet Bhd and Boustead Heavy Industries Corp Bhd (BHIC) to be among the stocks to watch on Wednesday.
PETALING JAYA: Investors should remain invested in the listed number forecast operators (NFOs) for 2020, says AllianceDBS Research analyst Cheah King Yoong.
PETALING JAYA: Berjaya Sports Toto Bhd has recorded a net profit of RM66.96mil for its first quarter ended Sept 30, on the back of RM1.44bil in revenue.
KUALA LUMPUR: Blue chips wavered in early Monday trade due to the weaker market sentiment overseas but some nibbling of Petronas Dagangan and Tenaga Nasional helped shore up the FBM KLCI.
KUALA LUMPUR: Maybank Investment Bank Research sees the government’s proposal to reduce the special draws awarded to numbers forecast operators (NFOs) to have a minimal impact on Berjaya Sports Toto and Magnum.
KUALA LUMPUR: Berjaya Sports Toto’s (BToto) core earnings for the nine months ended Jan 31, 2018 (9M FY18) of RM190.5mil were in line with CIMB Equities Research but below market’s expectations at 72% and 69% of full-year forecasts, respectively.