Berjaya Sports Toto – Eyeing stake in Philippine
NFO?
Market Perform
News
Update
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BToto is reportedly looking to expand its
Philippines operations by potentially acquiring
a stake in the Philippine Charity Sweepstakes Office (PCSO) in
Luzon . Currently, BToto supplies and maintains a
computerised online lottery system and provides software support to PCSO and
in return, gets a cut from PCSO’s ticket sales.
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Forecasts and DCF-based fair value of RM4.85 maintained.
Maintain Market Perform.
Source: RHB Research - 16 April 2012
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