" Sports Toto made an additional GST adjustment of
RM15.6 million against its revenue pursuant to a notification from the Royal Malaysian Customs
Department ("RMCD") "

Seems BJToto had been scrutinized by the Custom and had to repay extra GST during last quarter, this could be the main reason that affected the last quarter result. W/O this extra taxes, it's profit will be around the same with the previous quarter's result and probably 4cents div would have been declared instead.

the underground lottery is getting worse...unless the gov take serious actions...otherwise, it will be really tough for the legal lottery companies to grow...

The competition btw. telcos are getting fierce, the market expects it could go even more challenging in future and therefore the telcos' profit margin will be affected in the coming days(even the clients base are getting bigger for some telcos). Therefore, it could be one of the reason why all telcos not perform well lately.

Posted by sell > May 1, 2016 08:49 PM | Report Abuse
Why all telcos shares drop sharply?

yes, I think mainly ported to Celcom and Digi. This can be proven by the reports that shows the Celcom and Digi's total subscribers had increased tremendously.

The "black market" is one of the biggest challenges being faced by the NFOs.

For sure, most gamblers will continue betting, but more and more gamblers are going for "black market" now. They can easily place their bets through online in "black market".

When the taxes, rental & the operating costs getting higher, and the ppl getting "busier"(or maybe "lazier"), it's time for the gov. and NFOs to cooperate together and allows the legal NFOs to start their online operation. Otherwise, while the gaming industry is still safe, it might not same case for the legal NFOs.

Frankly, in term of price, Maxis still offers the most expensive packages among the major telcos.
E.g.:-
MaxisOne98: RM98, Unlimited calls, 5GB(initially 1GB, now 5GB, based on Maxis's CEO announcement on last Friday),

U Mobile's Hero+ Postpaid: Rm70, Unlimited calls, 7GB+8GB Data(this extra 8GB allocation will be given until 30th JUN 2016 only);

Celcom's First Gold: RM80 , Unlimited calls, 5GB(all days)+5GB Data(weekend), max 5GB unused data can be carried forward;

Digi's Postpaid78: RM78, Unlimited calls, 7GB data, max 2GB unused data can be carried forward.

Frankly speaking, the maxis marketing team has totally failed in this latest turmoil. When their rivals have started this "marketing war" months ago by offering better plans in lower prices. They should react it fast, at least do something.

However, probably because of the past experience, they might assume most of the 'loyal' customers(who have been supporting them since decades ago) will keep staying with them.

Perhaps, the past experience makes maxis to be "over-confident". So, they just kept promoting their MaxisOnePlan, e.g. RM98 for 1GB data(unlimited calls & sms) while their rivals already offered the plans around RM70 to RM80 for 7GB to 10GB(unlimited calls & sms) months ago. Worse, they chose to adopt a "defensive" strategy by implementing the "apartheid system" in order to counter offer the one who porting out from them.

Sadly, it's the straw that broke the camel's back, their so called "loyal" customers keep porting out...like there's no tomorrow, just like a "snowball effect". And they realized they were wrong ultimately.

價格戰‧數據戰‧明訊前景看淡

（吉隆坡8日訊）政府重新分配頻譜，明訊（MAXIS,6012,主板貿服組）資本和營運開銷將有上漲風險，加上馬電訊（TM,4863,主板貿服組）——P1即將加入戰圍，市場競爭激化，分析員繼續看淡明訊前景。
興業研究表示，儘管明訊第四季的每名用戶收入（ARPU）比同儕來得佳，但相信在接下來季度，其流動服務營收將面對逆風。
該行估計明訊後付訂戶／收入中的78%／72%可能易受價格戰和數據戰所影響。
明訊近期在東馬推出更廉宜的MaxisONE後付計劃，以及在社交媒體上引起爭論的行銷活動，可能對品牌和流失率帶來影響。
興業研究指出，TM-P1預訂在4月13日推出的流動電訊服務，可能帶來破壞，通常新入場者都會削價以爭取市佔率。
一旦馬電訊決定善用它在企業固定線路市場的優勢，提供交叉銷售和綑綁流動解決方案，明訊規模龐大的企業客戶基礎長期而言可能受壓。
政府即將於2016年8月公佈頻譜費，興業研究認為，此費用應屬可管理水平，因政府已考量了行業龐大的資本開銷需求。但是，明訊可能需要重新調整其無線電／發射器和優化網絡，資本和營運開銷仍面對上升風險。明訊的淨債務／營運盈利超過1.8倍，是行業最高水平。
興業研究保持財測不變及保持“沽售”評級，目標價4令吉70仙。（星洲日報／財經‧報道：李勇堅）


Source: http://biz.sinchew.com.my/node/134568

Ya...after whole day "fighting", seems the "strong" technical momentum has been k.o. by the poor earning fundamentals.

Kinda sad...If BJToto's result keep the same as the last quarter(i.e. eps 4.33 & 4c div/share), then the annual DIV yield will be revised 'downgrade' to 4.8%(based on RM3.30/share) only.

Seems like the Bjtoto share price is still quite "resilient" today, until break time, dropped only 4%...Even the very poor quarter earning result has been announced.

Seems the negative factors of the gst, sluggish economy and the illegal nfo had been fully reflected in last quarter result...Anyway...The Vietnam NFO bizness(joint venture with Vietnam glc) will start in coming months, even the bjtoto share portion is relatively small, only 10.2%. But the population in Vietnam is ab 3 times of msia population, and 99% are non-muslim. It will be able to positively increase the bjtoto's profit in long run.

Berjaya Sports Toto - Vietnam Lottery To Start In Mid-2016
http://klse.i3investor.com/blogs/kenangaresearch/90170.jsp

Because of the much better mobile plans offer from the Celcom and Digi recently. Got many friends has started to switch from Maxis to it's rivals recently. Some of them were Maxis loyal clients..had been using Maxis more than a decade. Hope Maxis will announce the competitive plan soon. Otherwise, it will definitely affect Maxis in long run.

This is human nature, with greed and fear. When trend was in favor of the export biz stocks, the time when ringgit depreciated 30++% from last year, these companies' stocks price could be doubled, trebled too...So, the increase in RM against the USD of ab 7% recently had caused much sharper drop in these stocks price could be considered as "normal" reaction from the human.

I blif the DIV will continue to be stable...neither big surprised nor upset. 90% of chance the DIV will be 5c/share each quarter.

21-Jan-2015 TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN Disposed 4,627,906

No worry, It's an old news already. The last disposal was done in 21-Jan-2015, in which more than a year ago, no record found stating TVT is disposing BJToto recently.

While other stock investors(esp. in gloves, furniture counters) still desperately hope for their shares price keep rising. We merely pray for BJToto not keep going down anymore. Luckily, the DIV given is quite good and stable.

In the foreseeable future, BJToto most likely will pay the net div ab RM0.05/share each quarter. So, the net div for whole year should be around RM0.20(already deducted all taxes), in case you bought BJToto at RM3.05/share, that is equivalent to the net DY of 6.56%.

內閣點頭‧1月料降電費
http://news.sinchew.com.my/node/456323?tid=1

In case, this tumbling net profit trend continues and reflects the whole financial year's net profit then the PER8.5 would soon become PER11(at the current trading price).

During the div announcement, the share price was around RM3.10, so the 'real' div given is 2.5c(cash div) + 2.2c(share div) = 4.7c. From my point of view, there are only 2 obvious drawbacks of this 'share div': (1) it was computed using RM3.50/share. (2) would end up with some odd lots. There is not much remaining treasury shares, so I trust it will be back to 5c of cash div next quarter.

indeed no bonus shares have been issued. it's treasury shares, the outstanding shares will not increase.

I think most investors are dissapointed with the 58cents div....coz they used to compare the current div with the div history. Anyway...with the risks you face in the stock market. Now, panamy only manage to pays the annual dividend(15cents + 58cents) around the FD rates.