Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 19 Jun 2013
Berjaya Sports Toto; Hold; RM4.29
Price Target: RM4.25; BST MK
Awaiting catalyst
Results below expectations dragged by higher payout, 4sen final DPS declared. Singapore listing delayed to end-Aug 2013. Cut FY14-15F earnings by 12-13%; Maintain Hold with SOP-based TP of RM4.25.
Source: HwangDBS Research - 19 Jun 2013
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