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Short Position - Pui's challenge, online betting, price cycle
FOR three weeks beginning Dec 18,2020, there were doubts if Batu Kawan Bhd would be successful in its offer to take over Chemical Company of Malaysia Bhd (CCM).
Gaming sector, numbers forecast operators might take hit from MCO
DUE to the second movement control order (MCO 2.0), gaming and numbers forecast operators (NFOs) will see hits to their earnings for financial year 2021 (FY21), say financial analysts.
NFO earnings resilient, likely to bounce back
PETALING JAYA: The reintroduction of the movement control order (MCO) in several parts of the country will see about half of the numbers forecast outlets (NFOs) shut during that period, but analysts are still positive on the sector.
Positive outlook for number forecast operators
PETALING JAYA: Number forecast operators (NFOs) Berjaya Sports Toto Bhd and Magnum Bhd had their forecast earnings revised upwards for the next two financial years, by RHB Research, following news of extra special draws.
Unfavourable odds for NFO industry
PETALING JAYA: Business in the number forecast operator (NFO) industry has yet to recover to its pre-Covid-19 levels, causing analysts to slash earnings estimates and downgrade the sector.
Gambling syndicates exploit vacuum during MCO
PETALING JAYA: Using the InterÂnet and technology, gambling syndicates offering 4D draws are estimated to have made more than RM250mil when the first phase of the movement control order (MCO) was introduced in mid-March.
King’s decision not to declare emergency averted likely sell-off on Bursa
KUALA LUMPUR: The King, Sultan Abdullah Sultan Ahmad Shah’s decision not to declare an emergency is a major relief to the market as such a declaration would shake the confidence of consumers, businesses and investors in the country.
Illegal 4D betting a growing menace
PETALING JAYA: Illegal 4D betting syndicates have taken a big chunk of the legitimate Number Forecast Operators’ (NFO) business away and caused the government to lose some RM3bil in tax revenue annually.
