This stock is trading between 2.0-2.3, u r banking in quarterly dividend fr 3-4 c per quater . Thus , in average u r getting around 6% much better than bank maximum interest of 4.3 %. If u r scared of market volatility , this is the stock u should look for . Another one is magnum , which also paying 6% dividend.
AllianceDBS Research is positive on the numbers forecast operators (NFOs) sector in view of its improve prospects couple with attractive yields. … “We also have a buy recommendation on and Berjaya Sports Toto Bhd (BToto) with a higher target price of RM2.65,”
… potential amendments of existing legislations would further deter illegal NFOs. … believe that the authorities could streamline and standardise these acts with the imposition of more punitive penalties to further curb illegal NFO operations.
More importantly, both NFOs have reported improvements in their gaming revenue per outlet per draw in their latest quarterly results. “We believe this is mainly attributable to stricter enforcement by authorities to clamp down on illegal NFOs, which was accelerated since 2HFY18,”
Maybank IB Research is positive nonetheless as it is more confident that earnings for NFOs will recover going forward, after several years of near continuous decline. A potential re-rating catalyst would be more active enforcement, even against illegal gamblers.
Additionally, there could be even more upside with the introduction of online betting. “We understand that at least three technology companies are presenting their case to legal NFOs and regulators to legalise online betting. “If legal NFOs were allowed to offer online betting, this would improve their sales reach which has been declining as the number of NFO outlets in Malaysia has been frozen since October 1991.”
Berjaya Sports Toto Bhd continues to see value as ticket sales rise due to the authorities' crackdown on illegal operators.
Kenanga research said in a note that BJToto saw ticket sales for Classic 4D rising 5% since measures to combat illegal operators started last September. "The enforcement’s effort is healthy for the NFO players as the size for black market is easily 1-2 times bigger than the licensed NFO volumes,"
It maintained its outperform call on BJToto with a revised share price of RM2.95 from RM2.65 previously.
"Even with strong gains, BJTOTO is still a laggard as it is the cheapest among these sin stocks with its highest dividend yield.
good for parent company of bjtoto.. less people place bet will illegal operators... if win also, the money won cannot be explained, IRB etc will investigate, sue, etc
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....
tuapuikia
2,346 posts
Posted by tuapuikia > 2019-03-20 08:45 | Report Abuse
buy?