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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.
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.
PETALING JAYA: Berjaya Assets Bhd (BAssets) will gain full control of Sarawak-based numbers forecast operator Natural Avenue Sdn Bhd (NASB) – which is its joint venture (JV) with tycoon Tan Sri Yap Yong Seong, or popularly known as Duta Yap – in a RM108mil deal to buy up the remaining stake it does not own in Megaquest Sdn Bhd.
KUALA LUMPUR: Plans are afoot to reduce the number of Tuesday special draws by number forecast operators, said Finance Minister Lim Guan Eng.
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.
KUALA LUMPUR: Illegal number forecast operators (NFOs) may see their market share get smaller as new games are introduced by the listed NFOs in an industry where billions of ringgit in revenue are lost yearly due to unlicensed number betting.