Unveils 6D Jackpot. PMP's new jackpot will be the easiest lotto to be
struck in the industry. But we believe its impact will be diluted: (i)
as its jackpot is easy to strike, it will be difficult for large sums to
accumulate in it; (ii) PMP has the fewest number of outlets vs. peers;
and (iii) non-4D games have rarely been popular in Malaysia. At most, we
believe that this new game may negatively impact Sports Toto's non-4D
lotto games. More games may be in the offing, as the government does not
appear to be averse to game innovation. Maintain Overweight on NFO.
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Source: Maybank Research - 18 July 2012
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