tansaukwanYes.. Magnum all the way.. BJ Toto 1Q is better due to favourable forex from their Philippines subsi. You can search at bursa announcement for 1Q results. They also mention the same thing as Magnum that local gaming revenue is low couple with huge payout. End of the day look at the fundamentals. Magnum par value is RM1.00, BJ toto is RM0.10. Dividend from Magnum is 15 sen / >6%, BJ toto is 19 sen / >6% against their market price and BJ toto is more expensive by 60 sen.
sheldonPar value is irrelevant as one should focus on the net asset per share.
Stevo Ktansaukwan, good point on the dividends from Magnum
cookiemiloPar value is not totally irrelevant. It is one of the indicators that you can analyse, you can't just look at net asset per share alone neither on focusing just on par value. However, the par value can be seen as a guarantee that the share price rightfully should not depreciate less than the par value unless the company is in deep shit. In another terms, it is like an invisible barrier/cap on low. There is higher probability of share split happening with 1.00 par value than 0.10 par value. So in another way, there are better chances in unlocking further value.
Just saying, in making a right investment, it is more of a collective analysis to identify potential stocks. None is above another but it does give a slight advantage comparing the par value in argument between BJTOTO or MAGNUM is a better option.