Price Target (SPTOTO): Berjaya Sports Toto - Making an acquisition? Hold

Be the first to like this.

4 comment(s). Last comment by Vel . 2012-06-05 22:10

hw0706

750 posts

Posted by hw0706 > 2012-06-05 19:33 | Report Abuse

Berjaya Sports Toto (BUY/RM4.25/Target: RM5.30)
BToto shares suspended
What’s new: Shares of Berjaya Sports Toto (BToto) will be suspended with effect from 9am today (5 Jun 12) pending an
announcement.
Comments: BToto is suspended pending a briefing later today. We understand that this is related to the plans of the
company to transfer the listing from FBMKLCI to a Singapore Trust listing. We reckon the response would be lukewarm if
this scheme is not accompanied by added capital management. However, this will still require the approval from the
Ministry of Finance/Government and other parties. At this juncture, our BUY call on BToto is under review.

tansrihew

191 posts

Posted by tansrihew > 2012-06-05 19:45 | Report Abuse

looks like btoto is going away from klse. big boys now going overseas.

angkokann

705 posts

Posted by angkokann > 2012-06-05 19:48 | Report Abuse

Hi, this news is considered good or bad ?

Vel .

25 posts

Posted by Vel . > 2012-06-05 22:10 | Report Abuse

"Following the successful completion of the scheme, BToto would have a 79.54% economic interest in STM-Trust which would own 100% of STM. "

That above statement would indicate that this counter will still be traded in Bursa.

Post a Comment
Market Buzz