UOB Kay Hian Research Articles
Berjaya Sports Toto: 1QFY18: Within Expectations
UOBKayHian
Publish date: Thu, 21 Sep 2017, 09:56 AM
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All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
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All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
(BST MK/BUY /RM2.32/Target: RM3.15)
Berjaya Sports Toto’s 1QFY18 results were in line with expectations. Ticket sales per draw were stable yoy and qoq. While there is no near-term share price catalyst, yield is attractive at >7% while anticipation of the amendment to the Gaming Act in 2018 could serve as industry catalyst. Maintain BUY. Target price: RM3.15.
Source: UOB Kay Hian Research - 21 Sept 2017
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