Unveils 6D Jackpot. PMP's new jackpot will be the easiest lotto to be struck in the industry. But we believe its impact will be diluted: (i) as its jackpot is easy to strike, it will be difficult for large sums to accumulate in it; (ii) PMP has the fewest number of outlets vs. peers; and (iii) non-4D games have rarely been popular in Malaysia. At most, we believe that this new game may negatively impact Sports Toto's non-4D lotto games. More games may be in the offing, as the government does not appear to be averse to game innovation. Maintain Overweight on NFO.

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Source: Maybank Research - 18 July 2012