Further upside seen for gaming sector
PETALING JAYA: After hitting multi-year lows at the end of last year, stocks within the gaming sector are now seen as ideal for bottom-fishing.
Kenanga Research said that while the sector has performed well, particularly the number forecast operators (NFO) since the end of last year, it saw further upside for the stocks.
“Although prices have rallied strongly, we believe there is further to go, especially for the NFO players on ticket sales upticks as enforcement tightens its grip to curb illegal operators,” it said in a note.
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