Magnum was last traded around RM2.70 prior to GST on 1 April 2015. With 0% GST moving forward, research houses shall soon revalue TP to reflect similar price prior to GST level.
assume 52X3 + 22 special draws =178 draws. Say reduce half to 11 will become 167 draws which is about 6% less and already reflected in today share price. not consider ppl will bet more on ordinary draws.
If he really care about cina gamble too much,he should reduce genting casino open day or open hour. we know who you are already ,dont pretend to be a good good sensei
no uec,no special fund for uec school,and now he wanna reduce special draw,then damacai also got hit,damacai donate all profit to cina india school.PH really anti cina.
Though lesser draw will definitely mean lesser revenue, how much profit contribution from special draw is more important than revenue alone.
If not mistaken, heard during one of the NFO AGM, it was mentioned margin for special draw is smaller due to higher contributing tax to special draw permit. Anyone to comment ?
Its true..the only party at loss is the gomen...special draw removal will indirectly help the nfo i prove margin..as gamblers will not change their behaviour...they will bet twice as much on nex draw...n thus revenue will remain largely thesame while payout is lesser for nfo...
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Posted by Biker2b > 2018-06-06 11:40 | Report Abuse
Magnum was last traded around RM2.70 prior to GST on 1 April 2015. With 0% GST moving forward, research houses shall soon revalue TP to reflect similar price prior to GST level.