Bursa Malaysia Stock Watch

Berjaya Sports Toto: Maintain Buy - A much-awaited recovery

kltrader
Publish date: Thu, 22 Mar 2012, 05:42 PM
kltrader
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Great results. BST's 3QFY12 net profit of RM112.7m (-2% YoY, +7% QoQ) brought 9MFY12 net profit to RM310.5m (+27% YoY), within expectations at 76% of our FY12 estimate. 9MFY12 revenue of RM2.7b (+6% YoY) was also in line, at 75% of our FY12 estimate. A third interim net DPS of 6sen (22sen YTD) was declared, representing a net DPR of 95% (assumption: 75%). Maintain Buy and RM5.00 TP.


Maybank Research 22 March 2012

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