- A smooth-sailing 1QFY4/13. Berjaya Sports Toto's (BST) 1QFY4/13 results were within expectations. Revenue continued to improve due to 4D Jackpot, and the estimated prize payout ratio normalized at the theoretical level of 62%. Pan Malaysian Pool (PMP)'s 6D Jackpot does not appear to have overtly threatened its market share. Maintain BUY and DCF-based TP of MYR5.00.
Source: Maybank Research - 19 Sep 2012
No comments:
Post a Comment