Journey to Wealth
Multi-Purpose Holdings (1) - Explores online payment Buy
- According to news reports, Multi-Purpose Holdings Bhd (MPHB) is in talks with bankers to explore online payment for its number forecasting operations.
- According to sources, talks are still preliminary. '
- If the talks were successful, then it would most likely take place after the elections as MPHB would need to get approval from the government first.
- We view this development positively. However, it is still too early and difficult to quantify the boost to ticket sales from the online payment proposal.
- We reckon that online payment would allow MPHB to tap new customer markets, which are younger and more computer-savvy.
- Also, average spending per punter is likely to increase as it would not be cost-efficient to allow a punter to place only a RM1.00 bet through the online payment system.
- Currently, Pan Malaysian Pools offers Telelink services whereby punters can place bets over the telephone or Telelink terminals.
- However, punters have to open a Telelink account first. The deposit for the account is at least RM20.00. We believe that Pan Malaysian Pools have more than 220,000 Telelink accounts.
- We maintain a BUY on MPHB as the group is expected to sell more non-gaming assets. This would transform MPHB into a purer NFO, which would help narrow the valuation gap with Berjaya Sports Toto.
- Some of MPHB's non-gaming assets include insurance, stock-broking and hotel property assets.
Source: AmeSecurities
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Journey to Wealth
Ekovest: No plan to launch another offer for Iskandar Waterfront City
Created by kiasutrader | Mar 29, 2018
Kenanga Research - On our Portfolio - Parliament dissolution around the corner?
Created by kiasutrader | Mar 25, 2013
Plantation Sector - Proposed accounting standard scrapped OVERWEIGHT
Created by kiasutrader | Mar 25, 2013
Pavilion Reit - Limited upside, earnings upside have been priced in HOLD
Created by kiasutrader | Mar 25, 2013
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-11-05 15:50:00
EMA 5
10 Mins
SELL
2024-11-05 12:05:00
EMA 5
5 Mins
BUY
2024-11-05 12:05:00
MACD/RSI
5 Mins
BUY
2024-11-05 12:05:00
TURTLE SYSTEM 20
5 Mins
BUY
2024-11-05 12:00:00
EMA 5
10 Mins
BUY
Apps
Top Articles
1
2
Stockhistory
4
5
BFM Podcast
7
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
