Bursa Malaysia Stock Watch
BToto (BUY) - 9MFY12 Results In-Line
kltrader
Publish date: Thu, 22 Mar 2012, 06:05 PM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
BToto (BUY)
9MFY12 Results In-Line
BToto's 9MFY12 net profit ofRM315.71m came in-line, with HLIB's and also street's estimates, accounting for78.7% and 79.4% respectively.
Declared third interimsingle tier dividend of 6 sen per share (2QFY11: 6 sen). Total dividend for9MFY12 is 22 sen, translating to 5% yield. Given that this has reached ourfull-year dividend forecast of 22 sen and no changes made to our forecast, wewouldn't be surprise if the group decided to pay another round of dividend in4QFY12, which will be a bonus for investors.
Yoy: BToto's revenueincreased 14.9% on the back of higher number of draw days and higher salesduring CNY. This is offset by the lesser sales/draw in non-jackpot games,cannibalized by 4D Jackpot. However, net profit fell 2.7% due to the muchhigher prize payout of 62.4% compared to only 58.8% in 3QFY11.
Qoq: Revenue went up 13%mainly attributable to the higher number of draw days. The increase innon-jackpot's and lotto games' sales/draw from the lessened cannibalization by4D Jackpot also contributed to the increase qoq. However, the increase waspartially offset by the higher prize payout during the quarter.
To date, 4D Jackpotsales have reached to an average of RM1.76m sales per draw. However, Magnum isstill the leader in the 4D Jackpot segment with market share of 60.1%.
No changes made to ourforecast. Maintain BUY on BToto with TP of RM4.92.
Source: HLIB Research 22 March 2012
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-11-22 15:20:00
EMA 5
5 Mins
SELL
2024-11-22 15:00:00
EMA 5
5 Mins
BUY
2024-11-22 14:30:00
EMA 5
5 Mins
SELL
2024-11-22 10:55:00
EMA 5
5 Mins
BUY
Apps
Top Articles
1
2
Koon Yew Yin's Blog
3
Good Articles to Share
5
BFM Podcast
6
Koon Yew Yin's Blog
Why all plantation companies will continue to report more profit - Koon Yew Yin
7
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
