Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 18 Mar 2014
Berjaya Sports Toto; Buy; RM3.93
Price target:RM4.35 (Prev RM4.60); BST MK
More Generous Dividends
Results within our expectation but below consensus, distribution of Treasury shares boosts dividend payout to 102%. Maiden
contribution from franchised motor vehicle dealership & lower prize payout cushioned earnings. Maintain Buy, tweak SOP-based TP to
RM4.35.
Source: HwangDBS Research - 18 Mar 2014
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