Further upside seen for gaming sector

TheStar Thu, Jul 04, 2019 09:20am - 4 years View Original


In fact, the research house said, Berjaya Sports Toto Bhd’s (BToto) average ticket sales per draw of RM21.7mil for the fourth quarter of 2019 was the highest since fourth quarter 2013, while Magnum Bhd’s first quarter 2019 average ticket sales per draw of RM19.6mil was also the highest in six years

In fact, the research house said, Berjaya Sports Toto Bhd’s (BToto) average ticket sales per draw of RM21.7mil for the fourth quarter of 2019 was the highest since fourth quarter 2013, while Magnum Bhd’s first quarter 2019 average ticket sales per draw of RM19.6mil was also the highest in six years

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.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

BJCORP 0.300
GENM 2.730
GENTING 4.720
KENANGA 1.140
MAGNUM 1.140

Comments

Login to comment.