Thursday, March 22, 2012

BJTOTO - Safe bet with yield

Berjaya Sports Toto; Buy; RM4.40
Price Target: RM4.90; BST MK

Results in line, third interim DPS of 6 sen declared. Still the market leader, but growth may moderate in FY13. Maintain Buy, TP raised to RM4.90 as we roll forward our valuation base.

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