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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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