Bursa Malaysia Stock Watch

ECM Libra downgrades gaming sector

kltrader
Publish date: Fri, 02 Jul 2010, 11:56 AM
kltrader
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Malaysia's gaming industry was downgraded at ECM Libra Capital Sdn Bhd after the government raised betting duties.

The increase in duties is a 'step backwards,' ECM said in a report today. The industry's rating was reduced to 'underweight' from 'neutral,' it said. -- Bloomberg
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