Bursa Malaysia Stock Watch

Berjaya Sports Toto ' Eyeing stake in Philippine NFO?

kltrader
Publish date: Mon, 16 Apr 2012, 12:50 PM
kltrader
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Berjaya Sports Toto ' Eyeing stake in Philippine NFO?                                                  Market Perform
News Update
-          BToto is reportedly looking to expand its Philippines operations by potentially acquiring a stake in the Philippine Charity Sweepstakes Office (PCSO) in Luzon . Currently, BToto supplies and maintains a computerised online lottery system and provides software support to PCSO and in return, gets a cut from PCSO's ticket sales.
-          Forecasts and DCF-based fair value of RM4.85 maintained. Maintain Market Perform.

Source: RHB Research - 16 April 2012
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