PETALING JAYA: Investors should remain invested in the listed number forecast operators (NFOs) for 2020, says AllianceDBS Research analyst Cheah King Yoong.
After delivering commendable returns of over 25% in 2019 and outperforming the benchmark FBM KLCI, Cheah foresees BERJAYA SPORTS TOTO BHD
(BToto) and Magnum Bhd continuing a good run this year.
The bullish stance is backed by the government’s intensified clamp down of illegal NFOs, the gaming sector’s fundamentals and its “exciting growth prospects”.
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