The divy not enough to cover your capital loss ,u should cut loss from gambling , beer , sin related stocks ! PAS will be a dominant in malaysia politic power soon , accept the reality , dont lose your hard earned money !
KUANTAN - Wakil Majlis Tertinggi Perikatan Nasional (PN), Datuk Seri Tuan Ibrahim Tuan Man telah mengadakan perbincangan dengan Pengerusi BN Pahang, Datuk Seri Wan Rosdy Wan Ismail berhubung pembentukkan Kerajaan Negeri Pahang.
////KUALA LUMPUR, Dec 5 — Number forecast firms will have to go back to just eight special lottery draws in a calendar year starting January 1 next year, Prime Minister Datuk Seri Anwar Ibrahim announced today.////
sptoto will find ways to attract punters through online betting and increase profitability. Green states closing their 4D shops have minimal effect. In fact this will reduce their operating cost. Just keep paying higher dividends to attract investors.
""With this addiction, there is often involvement in criminal activities such as theft and robbery, which can lead to further mental health problems."" Wow - is there even any scientific, statistical or even any academic research evidence that shows that Sports Toto players are involved in theft, robbery which then led to mental health problems? Or is this done to encourage more illegal, underground gambling?
https://www.thestar.com.my/starpicks/2023/01/14/what-happens-when-you-buy-illegal-4d-in-malaysia - examples of issues from illegal gambling. Not only is it bigger than legal gambling, there's also the loss of tax revenues too. Making something illegal, other things equal, is more likely to attract associated illegal activities. The average person who earn RM5,000 a month and bet RM10 in Sport Toto isn't going to then steal things because that is just entertainment, probably no different than spending on a packet of cigarettes. Or are we banning this too?
Extreme state's decisions like this is what's spooking overseas investors. Outcome is eventual total Bursa under-valuation, not just limited to legal gambling stocks. Why invest in extremist states?
i3lurker - I'm somewhat like you. I have a conscience. That's why I don't touch Genting. It could wipe out fortunes in a matter of minutes.
However Sports Toto is a different kettle of fish. It's gives the lower rung of society an excitement of sorts for a small sum. A chance for them to strike it big for as little as a ringgit. What can anyone get for 1 ringgit these days? Nobody's forcing. The Co afterall pays a massive yearly amount (close to 800m) to the Fed Govt in the form of gaming taxes. The name of Sports Toto predecessor "Social Welfare" aptly sums up its role.
So go ahead and invest without guilt. There's a fine line between investment and betting. I've lost a lot (and made a lot) betting on stocks (or is it investing?)
KUALA LUMPUR (Feb 21): Sports Toto Bhd’s net profit grew 21.77% to RM64.86 million in the second quarter ended Dec 31, 2022 (2QFY2023) from RM53.26 million in the same period last year, primarily due to improved results by its principal subsidiary company STM Lottery Sdn Bhd.
The group's quarterly revenue rose 13.07% to RM1.41 billion from RM1.25 billion. It declared a second interim dividend of 2.5 sen per share amounting to RM33.74 million, to be paid on April 21.
Sports Toto Berhad SPTOTO Share Price 7 Day 1 Year 1.52 -0.7% -20.0% Second quarter 2023 earnings released: EPS: RM0.048 (vs RM0.04 in 2Q 2022) Second quarter 2023 results: EPS: RM0.048 (up from RM0.04 in 2Q 2022). Revenue: RM1.41b (up 13% from 2Q 2022). Net income: RM64.9m (up 22% from 2Q 2022). Profit margin: 4.6% (up from 4.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Malaysia.
Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Insaflah Australia has the most significant losses per capita in the world due to gambling; it also causes significant economic and social harm to the gamblers, their families, and the local communities. Wesley Financial Literacy Program tries to adjust people’s relationship with money and educate and empower them to make better decisions with their money, hoping to limit gambling harm in the future. Financial literacy is the ability to understand and effectively use financial skills, including personal management, budgeting, and investing.
Gambling is a significant public health issue in Australia; estimates suggest that Australians lost approximately $25 Billion on legal forms of gambling in 2018-2019, the largest per capita loss globally. Since 2009, NSW has seen an increase from $8 Billion to $10 Billion in total expenditure and losses (Australian Institute of Health and Welfare, 2021). While the industry claims that it is beneficial as it supports economic growth and generates revenue, it also causes significant economic and social harm to gamblers, families, and local communities (Paterson, M, Taylor, M, & Gray, M, 2020). Problem Gambling is any behaviour that inhibits and impact relationships, family, finances, employment and loss of control and addiction (Lifeline, 2021). People can gamble on electronic gaming machines, the lotto, scratch lotto tickets, card games, racing and other types of betting. The average problem gambler in Australia: • Loses approximately $21,000 per year • Six times more likely to get divorced • Four times more likely to suffer from alcohol abuse • Children of problem gamblers are ten times more likely to become gamblers • Whilst gambling was not found to increase intimate partner violence directly; it does intensify the severity and frequency of violence against women and increase the economic abuse of women in violent relationships (Australian Gambling Research Centre, 2020).
Anything in excess is bad. Eating in excess is bad because it leads to diabetes, heart problems, weight problems etc but are we going to ban food?
Excess spending on consumer goods like cars and clothes will lead to bankruptcy and family violence and breakdown but are we going to ban vendors from selling and people from buying?
Also you should understand economics. Having a lot of money in your bank account will not help the economy grow. You've to spend it - get it circulating & that transforms into GDP. I hope you're not planning on a career in our Ministry of Finance because your views are shallow and will indeed destroy this country.
BTW you keep picking on Australia. It's a well-run country without your advice. In fact a lot of Malaysians (Malays, Chinese & others) want to get into Australia. Nobody's fighting to get into Afghanistan & Yemen where gambling's absent - are you?
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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....
NatsukoMishima
6,775 posts
Posted by NatsukoMishima > 2022-11-21 09:40 | Report Abuse
Dont bet in this worst scenario , shift to other stocks which will not affected by PAS ! Look at kedah u know what will happen already !