欢迎访问本站!

首页社会正文

aws试用账号(www.2km.me)_TA Securities maintains 'buy' on Berjaya Sports Toto amid more gradual recovery

admin2021-11-2040

aws试用账号

aws试用账号www.2km.me)提供aws账号、aws全区号、aws32v账号、亚马逊云账号出售,提供api ,质量稳定,数量持续。另有售azure oracle linode等账号.

KUALA LUMPUR: Berjaya Sports Toto Bhd is experiencing a slower recovery in revenue following the resumption of its operations since the recent lockdown, as compared to the rebound leading from the first movement control order.TA Securities Research noted that the gaming operator's daily revenue has returned to 70% of its pre-pandemic level since Sept 14 when its 4D betting operations restarted.This compares to an 80% recovery in the one-month period following from the first MCO.However, the brokerage remains optimistic over the company's prospects, reiterating "buy" on the stock at current valuations.It has a dividend discount model-derived valuation of RM2.27 a share based on an unchanged discounted rate of 10.9%.Meanwhile, TA Securities is pending guidance on the NFO ban in Kedah in an analyst briefing later today, although it expects the impact to be limited.Recently, the Kedah state government announced it would ban operations of all gaming shops by not renewing business licences issued by the local councils."We estimate the impact would not be more than 3% as BJToto has only 20 outlets in Kedah as opposed to 680 outlets nationwide."Also, Kedah has never been contributing much in terms of total 4D sales given its small non-Muslim population of an estimated 25%," said the research firm.For the first quarter of its 2022 financial year, Berjaya Sports Toto's core loss of RM11.9mil came within TA Securities' expectations as the MCO disruptions during the quarter were priced into its forecast.During the quarter, the number of draws was drastically reduced to only eight days from 42 days in the same period last year.TA Securities noted that revenue from numbers forecast operations slumped 88.7% to RM74.2mil although this was partially offset by the decent performance of HR Owen as sales of supercars in London remained robust.
转载说明:本文转载自Sunbet。

网友评论